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

$56.47
-0.98 (-1.71%)
(As of 05/17/2024 ET)
Today's Range
$56.31
$57.58
50-Day Range
$56.47
$68.19
52-Week Range
$55.67
$70.90
Volume
1.48 million shs
Average Volume
1.79 million shs
Market Capitalization
$11.96 billion
P/E Ratio
11.29
Dividend Yield
3.12%
Price Target
$65.53

Molson Coors Beverage MarketRank™ Stock Analysis

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
16.0% Upside
$65.53 Price Target
Short Interest
Bearish
5.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
1.10mentions of Molson Coors Beverage in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.04%
From $5.69 to $5.92 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.25 out of 5 stars

Consumer Staples Sector

33rd out of 137 stocks

Malt Beverages Industry

2nd out of 3 stocks

TAP stock logo

About Molson Coors Beverage Stock (NYSE:TAP)

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, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, 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, 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 based in Golden, Colorado.

TAP Stock Price History

TAP Stock News Headlines

Molson Coors: Q1 Earnings Snapshot
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/30/2024
Today
5/17/2024
Ex-Dividend for 6/21 Dividend
6/07/2024
Dividend Payable
6/21/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,500
Year Founded
1786

Price Target and Rating

Average Stock Price Target
$65.53
High Stock Price Target
$77.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
15 Analysts

Profitability

Net Income
$948.90 million
Pretax Margin
10.00%

Debt

Sales & Book Value

Annual Sales
$13.88 billion
Cash Flow
$8.69 per share
Book Value
$62.92 per share

Miscellaneous

Free Float
206,130,000
Market Cap
$11.96 billion
Optionable
Optionable
Beta
0.86

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Key Executives

  • Mr. Gavin D. K. Hattersley (Age 61)
    President, CEO & Director
    Comp: $5M
  • Ms. Tracey I. Joubert (Age 57)
    Chief Financial Officer
    Comp: $2.41M
  • Ms. Natalie Maciolek (Age 45)
    Chief Legal & Government Affairs Officer and Secretary
    Comp: $656.56k
  • Mr. Sergey K. Yeskov (Age 47)
    President & CEO of Molson Coors EMEA APAC
    Comp: $1.23M
  • Ms. Michelle E. St. Jacques (Age 46)
    Chief Commercial Officer
    Comp: $1.95M
  • Ms. Roxanne M. Stelter (Age 47)
    VP, Controller, Chief Accounting Officer & Principal Accounting Officer
  • Greg Tierney
    Vice President of FP&A and Investor Relations
  • Mr. Adam Collins
    Chief Communications & Corporate Affairs Officer
  • Ms. Sofia Colucci
    Chief Marketing Officer
  • Mr. Dave Osswald
    Chief People & Diversity Officer

TAP Stock Analysis - Frequently Asked Questions

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

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 2 sell ratings, 10 hold ratings and 3 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.

What is Molson Coors Beverage's stock price target for 2024?

15 equities research analysts have issued 1-year price targets for Molson Coors Beverage's shares. Their TAP share price targets range from $53.00 to $77.00. On average, they predict the company's stock price to reach $65.53 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for TAP
or view top-rated stocks among Wall Street analysts.

How have TAP shares performed in 2024?

Molson Coors Beverage's stock was trading at $61.21 on January 1st, 2024. Since then, TAP stock has decreased by 7.7% and is now trading at $56.47.
View the best growth stocks for 2024 here
.

When is Molson Coors Beverage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our TAP earnings forecast
.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings data on Tuesday, April, 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.21. The company earned $2.60 billion during the quarter, compared to the consensus estimate of $2.50 billion. Molson Coors Beverage had a net margin of 7.66% and a trailing twelve-month return on equity of 9.47%. Molson Coors Beverage's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS.
Read the conference call transcript
.

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

Molson Coors Beverage announced a quarterly dividend on Thursday, May 16th. Investors of record on Friday, June 7th will be given a dividend of $0.44 per share on Friday, June 21st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, June 7th.
Read our dividend analysis for TAP
.

Is Molson Coors Beverage a good dividend stock?

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.76 per share and currently has a dividend yield of 3.09%. 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 35.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAP will have a dividend payout ratio of 29.73% 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).

Who are Molson Coors Beverage's major shareholders?

Molson Coors Beverage's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.23%), Capital International Investors (4.57%), LSV Asset Management (2.98%), Bank of New York Mellon Corp (0.93%), Jupiter Asset Management Ltd. (0.72%) and Ilex Capital Partners UK LLP (0.37%). Insiders that own company stock include Geoffrey E Molson, James A Winnefeld Jr, Louis Vachon and Tracey Joubert.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:TAP) was last updated on 5/17/2024 by MarketBeat.com Staff

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