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NYSE:TAP

Molson Coors Beverage (TAP) Stock Forecast, Price & News

$63.81
-0.36 (-0.56%)
(As of 03:09 PM ET)
Compare
Today's Range
$63.56
$64.51
50-Day Range
$62.03
$70.64
52-Week Range
$46.69
$70.90
Volume
363,825 shs
Average Volume
1.93 million shs
Market Capitalization
$13.80 billion
P/E Ratio
398.81
Dividend Yield
2.57%
Price Target
$62.40

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
1.9% Downside
$62.40 Price Target
Short Interest
Bearish
4.00% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.62
Upright™ Environmental Score
News Sentiment
1.33mentions of Molson Coors Beverage in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$6,708 Bought Last Quarter
Proj. Earnings Growth
0.79%
From $5.07 to $5.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Consumer Defensive Sector

15th out of 17 stocks

Beverages—Brewers Industry

1st out of 1 stocks


TAP stock logo

About Molson Coors Beverage (NYSE:TAP) Stock

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is headquartered in Golden, Colorado.

TAP Price History

TAP Stock News Headlines

Molson Coors (TAP) Focuses on Beyond Beer: Stock to Gain?
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Molson Coors Beverage's (NYSE:TAP) Returns Have Hit A Wall
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Molson Coors To Increase Investment In ZOA Energy
Molson-Coors Wins Beyond Domestic Beer
Bud Light sales are still stale
Molson Coors acquires spirits company
Molson Coors acquires Blue Run Spirits
See More Headlines
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TAP Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/22/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,600
Year Founded
1786

Price Target and Rating

Average Stock Price Forecast
$62.40
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
-3.1%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
14 Analysts

Profitability

Net Income
$-175,300,000.00
Pretax Margin
1.89%

Debt

Sales & Book Value

Annual Sales
$12.81 billion
Cash Flow
$11.16 per share
Book Value
$59.71 per share

Miscellaneous

Free Float
211,229,000
Market Cap
$13.93 billion
Optionable
Optionable
Beta
0.88

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Key Executives

  • Mr. Gavin D. K. Hattersley (Age 60)
    Pres, CEO & Director
    Comp: $2.89M
  • Ms. Tracey I. Joubert (Age 56)
    Chief Financial Officer
    Comp: $1.58M
  • Mr. Sergey K. Yeskov (Age 46)
    Pres & CEO of Molson Coors EMEA APAC
    Comp: $1.1M
  • Ms. Michelle E. St. Jacques (Age 45)
    Chief Commercial Officer
    Comp: $1.19M
  • Ms. Anne-Marie Wieland D'Angelo (Age 46)
    Consultant
    Comp: $957.43k
  • Ms. Roxanne M. Stelter (Age 46)
    VP, Controller, Chief Accounting Officer & Principal Accounting Officer
  • Greg Tierney
    VP of FP&A and Investor Relations
  • Mr. Adam Collins
    Chief Communications & Corp. Affairs Officer
  • Ms. Sofia Colucci
    Chief Marketing Officer
  • Mr. Dave Osswald
    Chief People & Diversity Officer













TAP Stock - Frequently Asked Questions

Should I buy or sell Molson Coors Beverage stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 3 sell ratings, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TAP, but not buy additional shares or sell existing shares.
View TAP analyst ratings
or view top-rated stocks.

What is Molson Coors Beverage's stock price forecast for 2023?

14 Wall Street research analysts have issued 1 year target prices for Molson Coors Beverage's stock. Their TAP share price forecasts range from $48.00 to $75.00. On average, they predict the company's stock price to reach $62.40 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts price targets for TAP
or view top-rated stocks among Wall Street analysts.

How have TAP shares performed in 2023?

Molson Coors Beverage's stock was trading at $51.52 at the beginning of the year. Since then, TAP shares have increased by 25.0% and is now trading at $64.41.
View the best growth stocks for 2023 here
.

When is Molson Coors Beverage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TAP earnings forecast
.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) issued its quarterly earnings data on Tuesday, August, 1st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.15. The business had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.31 billion. Molson Coors Beverage had a net margin of 0.31% and a trailing twelve-month return on equity of 8.17%.

How often does Molson Coors Beverage pay dividends? What is the dividend yield for Molson Coors Beverage?

Molson Coors Beverage declared a quarterly dividend on Thursday, July 13th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.41 per share on Friday, September 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for TAP
.

Is Molson Coors Beverage a good dividend stock?

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.64 per share and currently has a dividend yield of 2.53%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 1,025.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TAP will have a dividend payout ratio of 32.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAP.

What is Gavin Hattersley's approval rating as Molson Coors Beverage's CEO?

30 employees have rated Molson Coors Beverage Chief Executive Officer Gavin Hattersley on Glassdoor.com. Gavin Hattersley has an approval rating of 63% among the company's employees. This puts Gavin Hattersley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Molson Coors Beverage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Molson Coors Beverage investors own include AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Bank of America (BAC), Intel (INTC), CVS Health (CVS), Walt Disney (DIS), Altria Group (MO), Starbucks (SBUX) and Wells Fargo & Company (WFC).

What is Molson Coors Beverage's stock symbol?

Molson Coors Beverage trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAP."

Who are Molson Coors Beverage's major shareholders?

Molson Coors Beverage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (243.26%), BlackRock Inc. (6.80%), State Street Corp (3.89%), LSV Asset Management (3.23%), Capital International Investors (3.18%) and Geode Capital Management LLC (1.82%). Insiders that own company stock include Andrew Thomas Molson, Geoffrey E Molson, James A Winnefeld Jr, Louis Vachon and Simon Cox.
View institutional ownership trends
.

How do I buy shares of Molson Coors Beverage?

Shares of TAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Molson Coors Beverage's stock price today?

One share of TAP stock can currently be purchased for approximately $64.41.

How much money does Molson Coors Beverage make?

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $13.93 billion and generates $12.81 billion in revenue each year. The company earns $-175,300,000.00 in net income (profit) each year or $0.16 on an earnings per share basis.

How many employees does Molson Coors Beverage have?

The company employs 16,600 workers across the globe.

Does Molson Coors Beverage have any subsidiaries?
The following companies are subsidiares of Molson Coors Beverage: 3230600 Nova Scotia Company, Alwater Brewery, CBC Holdco 2 LLC, CBC Holdco 3 Inc., CBC Holdco LLC, Clearly Komucha, Coors Brewing Company d/b/a Molson Coors International , Coors International Holdco 2 ULC, Golden Acquisition, MillerCoors LLC, MillerCoors USA LLC, Molson Canada 2005, Molson Coors (Barbados) SRL, Molson Coors (UK) Holdings LLP, Molson Coors Brewing Company (UK) Limited, Molson Coors Callco ULC, Molson Coors Canada Holdco ULC, Molson Coors Canada Inc., Molson Coors Europe Holdings B.V., Molson Coors Holdco Inc., Molson Coors Holdings Limited, Molson Coors International General ULC, Molson Coors International LP, Molson Coors Netherlands B.V. f/k/a Starbev Netherlands B.V., Molson ULC f/k/a Molson Inc., Newco3 Inc., Pivovary Staropramen s.r.o. f/k/a Molson Coors Czech s.r.o., and Starbev Netherlands.
Read More
How can I contact Molson Coors Beverage?

Molson Coors Beverage's mailing address is 1801 CALIFORNIA STREET SUITE 4600, DENVER CO, 80202. The official website for the company is www.molsoncoors.com. The company can be reached via phone at (303) 279-6565, via email at mcbcinvestorrelations@molsoncoors.com, or via fax at 302-655-5049.

This page (NYSE:TAP) was last updated on 9/22/2023 by MarketBeat.com Staff

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