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

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.

14 Wall Street research analysts have issued 1-year price objectives 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 share price to reach $62.40 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for TAP or view top-rated stocks among Wall Street analysts.

Molson Coors Beverage's stock was trading at $51.52 at the beginning of the year. Since then, TAP stock has increased by 21.1% and is now trading at $62.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TAP earnings forecast.

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings data on Tuesday, August, 1st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.15. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate 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%.

Molson Coors Beverage announced 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 yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 31st.
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), WBI BullBear Yield 3000 ETF (WBIG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), VegTech Plant-based Innovation & Climate ETF (EATV), Invesco Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and B.A.D. Etf (BAD).

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.64 per share and currently has a dividend yield of 2.59%. 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.

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

Molson Coors Beverage's stock is owned by a variety of retail and institutional 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.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TAP stock can currently be purchased for approximately $62.41.

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $13.49 billion and generates $11.18 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.

The company employs 16,600 workers across the globe.

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.