Molson Coors Beverage (NYSE:TAP) Stock Breaks Above 200-Day Moving Average - Here's What Happened

Key Points

• Molson Coors shares crossed above their 200-day moving average, reaching $43.38 and last trading near $43.36 on volume of about 7.1 million shares.
• Analyst sentiment remains cautious: the stock carries an average “Reduce” rating, with 10 Holds, 4 Buys and 5 Sells, and an average price target of $43.06.
• The company beat quarterly earnings and revenue expectations, but revenue declined 3.3% year over year and net margin was negative. Institutional investors own approximately 78.46% of the shares.

Molson Coors Beverage Company (NYSE:TAP - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.47 and traded as high as $43.38. Molson Coors Beverage shares last traded at $43.3570, with a volume of 7,098,189 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Molson Coors Beverage from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Monday, October 26th. TD Cowen cut their price objective on shares of Molson Coors Beverage from $43.00 to $37.00 and set a "hold" rating for the company in a research report on Tuesday, October 13th. Needham & Company LLC restated a "buy" rating and issued a $50.00 target price on shares of Molson Coors Beverage in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Molson Coors Beverage in a report on Monday, September 21st. Finally, Piper Sandler lowered their target price on shares of Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $43.06.

Molson Coors Beverage Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. The stock has a market capitalization of $9.08 billion, a PE ratio of -3.76 and a beta of 0.43. The stock has a 50 day moving average of $38.97 and a two-hundred day moving average of $42.47.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.08 billion. During the same quarter last year, the business earned $2.05 earnings per share. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Research analysts expect that Molson Coors Beverage Company will post 4.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Molson Coors Beverage

Several institutional investors have recently modified their holdings of TAP. Dimensional Fund Advisors LP raised its holdings in Molson Coors Beverage by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company's stock worth $360,117,000 after purchasing an additional 790,314 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Molson Coors Beverage by 16.4% during the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company's stock worth $143,236,000 after purchasing an additional 469,607 shares in the last quarter. Nykredit A S acquired a new stake in Molson Coors Beverage in the second quarter valued at $58,423,000. Bank of America Corp DE grew its holdings in Molson Coors Beverage by 36.5% in the first quarter. Bank of America Corp DE now owns 1,187,921 shares of the company's stock valued at $51,152,000 after purchasing an additional 317,387 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Molson Coors Beverage by 8.1% in the second quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company's stock valued at $46,373,000 after purchasing an additional 89,398 shares during the last quarter. Hedge funds and other institutional investors own 78.46% of the company's stock.

About Molson Coors Beverage

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.

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