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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

13 brokerages have issued twelve-month price targets for Molson Coors Beverage's shares. Their TAP share price targets range from $58.00 to $77.00. On average, they expect the company's stock price to reach $68.27 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for TAP or view top-rated stocks among Wall Street analysts.

Molson Coors Beverage's stock was trading at $61.21 on January 1st, 2024. Since then, TAP shares have increased by 4.7% and is now trading at $64.08.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our TAP earnings forecast.

Molson Coors Beverage will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings results on Tuesday, February, 13th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.07. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.78 billion. Molson Coors Beverage had a net margin of 6.83% and a trailing twelve-month return on equity of 8.89%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS.
Read the conference call transcript.

Molson Coors Beverage declared a quarterly dividend on Tuesday, February 13th. Investors of record on Friday, March 1st will be paid a dividend of $0.44 per share on Friday, March 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for TAP.

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.76 per share and currently has a dividend yield of 2.65%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAP will have a dividend payout ratio of 29.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAP.

ETFs with the largest weight of Molson Coors Beverage (NYSE:TAP) stock in their portfolio include AdvisorShares Vice ETF (VICE), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco Food & Beverage ETF (PBJ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), B.A.D. Etf (BAD) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS).

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.

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).

Molson Coors Beverage's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wilsey Asset Management Inc. (0.24%), Centre Asset Management LLC (0.07%), Transform Wealth LLC (0.04%), Sound Income Strategies LLC (0.03%), Los Angeles Capital Management LLC (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include Geoffrey E Molson, James A Winnefeld Jr, Louis Vachon and Tracey Joubert.
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Shares of TAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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