NYSE:TAP Molson Coors Beverage (TAP) Stock Forecast, Price & News $63.87 +1.54 (+2.47%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$62.54▼$64.3150-Day Range$50.70▼$65.0852-Week Range$46.69▼$66.67Volume2.65 million shsAverage Volume1.96 million shsMarket Capitalization$13.81 billionP/E RatioN/ADividend Yield2.57%Price Target$57.87 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Molson Coors Beverage MarketRank™ ForecastAnalyst RatingHold1.93 Rating ScoreUpside/Downside9.4% Downside$57.87 Price TargetShort InterestHealthy3.65% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.71Upright™ Environmental ScoreNews Sentiment0.53Based on 7 Articles This WeekInsider TradingSelling Shares$111,541 Sold Last QuarterProj. Earnings Growth3.46%From $4.34 to $4.49 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.33 out of 5 starsConsumer Staples Sector133rd out of 140 stocksMalt Beverages Industry4th out of 4 stocks 1.0 Analyst's Opinion Consensus RatingMolson Coors Beverage has received a consensus rating of Hold. The company's average rating score is 1.93, and is based on 3 buy ratings, 7 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $57.87, Molson Coors Beverage has a forecasted downside of 9.4% from its current price of $63.87.Amount of Analyst CoverageMolson Coors Beverage has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.65% of the float of Molson Coors Beverage has been sold short.Short Interest Ratio / Days to CoverMolson Coors Beverage has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Molson Coors Beverage has recently increased by 6.31%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldMolson Coors Beverage pays a meaningful dividend of 2.72%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMolson Coors Beverage has only been increasing its dividend for 2 years.Dividend SustainabilityBased on earnings estimates, Molson Coors Beverage will have a dividend payout ratio of 36.53% next year. This indicates that Molson Coors Beverage will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMolson Coors Beverage has received a -131.60% net impact score from Upright. The largest negative impact of Molson Coors Beverage in category "Physical diseases" seems to be driven mostly by its "Wine-based premixed drinks", "Beer in a plastic bottle made of virgin materials", and "Beer in a can made of virgin materials" products. See details.Environmental SustainabilityThe Environmental Impact score for Molson Coors Beverage is -2.71. Previous Next 2.0 News and Social Media Coverage News SentimentMolson Coors Beverage has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Molson Coors Beverage this week, compared to 6 articles on an average week.Search InterestOnly 27 people have searched for TAP on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Molson Coors Beverage to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Molson Coors Beverage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $111,541.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Molson Coors Beverage is held by insiders.Percentage Held by Institutions76.24% of the stock of Molson Coors Beverage is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Molson Coors Beverage are expected to grow by 3.46% in the coming year, from $4.34 to $4.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Molson Coors Beverage is -53.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Molson Coors Beverage is -53.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioMolson Coors Beverage has a PEG Ratio of 3.38. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMolson Coors Beverage has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Molson Coors Beverage (NYSE:TAP) StockMolson Coors Beverage Co. is a holding company, which engages in the production and sale of beer. It operates through the following segments: Americas, and EMEA and APAC. The Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin, and South America. The EMEA and APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the UK, various other European countries, and certain countries within the Middle East, Africa, and Asia Pacific. The company was founded in 1786 and is headquartered in Golden, CO.Read More Receive TAP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Molson Coors Beverage and its competitors with MarketBeat's FREE daily newsletter. Email Address TAP Stock News HeadlinesJune 1, 2023 | finance.yahoo.comTAP - Molson Coors Beverage CompanyMay 31, 2023 | americanbankingnews.comMolson Coors Beverage Declares Quarterly Dividend of $0.41 (NYSE:TAP)June 2, 2023 | Chaikin Analytics (Ad)Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks"He called the 2020 crash and 2022 bear market. Now he says the next 90 days will determine your financial life for a decade. It doesn't matter if you have money in stocks right now, or are waiting on the sidelines. The short period we're about to enter changes everything.May 29, 2023 | americanbankingnews.comMolson Coors Beverage (NYSE:TAP) Insider Sells $111,540.80 in StockMay 27, 2023 | finance.yahoo.comIt Might Not Be A Great Idea To Buy Molson Coors Beverage Company (NYSE:TAP) For Its Next DividendMay 26, 2023 | seekingalpha.comTAP Molson Coors Beverage CompanyMay 25, 2023 | americanbankingnews.comMolson Coors Beverage (NYSE:TAP) Receives $57.87 Average Price Target from AnalystsMay 24, 2023 | msn.comMolson Coors Lands New Analyst SupportJune 2, 2023 | Chaikin Analytics (Ad)Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks"He called the 2020 crash and 2022 bear market. Now he says the next 90 days will determine your financial life for a decade. It doesn't matter if you have money in stocks right now, or are waiting on the sidelines. The short period we're about to enter changes everything.May 24, 2023 | msn.comMolson Coors a new long idea at Hedgeye, key beneficiary of Bud Light controversyMay 22, 2023 | finance.yahoo.comIs Molson Coors Beverage Company (NYSE:TAP) Potentially Undervalued?May 21, 2023 | msn.comMolson Coors Beverage Company - Class B (TAP) Declares $0.41 DividendMay 20, 2023 | msn.comMolson Coors Beverage Company - (TAP.A) Declares $0.41 DividendMay 18, 2023 | finance.yahoo.comMiller Lite Defends Marketing Chief Over Satirical Ad Criticized as ‘Woke’May 18, 2023 | finance.yahoo.comMolson Coors Canada's (TSE:TPX.B) investors will be pleased with their decent 66% return over the last three yearsMay 17, 2023 | finance.yahoo.comMolson Coors Brewing (TAP) is a Top-Ranked Momentum Stock: Should You Buy?May 15, 2023 | americanbankingnews.comMolson Coors Beverage (NYSE:TAP) Price Target Raised to $74.00May 13, 2023 | americanbankingnews.comMolson Coors Beverage (NYSE:TAP) Upgraded to Buy at StockNews.comMay 12, 2023 | msn.comJefferies Maintains Molson Coors Beverage Company - Class B (TAP) Buy RecommendationMay 12, 2023 | markets.businessinsider.comJefferies Sticks to Their Buy Rating for Molson Coors (TAP)May 11, 2023 | seekingalpha.comMolson Coors: Monitor Upcoming Market Share TrendsMay 10, 2023 | marketwatch.comMolson Coors Beverage Co. Cl B stock falls Wednesday, underperforms marketMay 10, 2023 | finance.yahoo.comFounded in 1873 - Coors Celebrates 150th AnniversaryMay 10, 2023 | finance.yahoo.com‘Shocking Deterioration’: Bud Light Sales Hit Hard in April Amid Dylan Mulvaney Controversy — Here Are 2 Stocks That Are Poised to BenefitMay 10, 2023 | americanbankingnews.comMolson Coors Beverage Expected to Post Q2 2023 Earnings of $1.40 Per Share (NYSE:TAP)May 7, 2023 | americanbankingnews.comWedbush Raises Molson Coors Beverage (NYSE:TAP) Price Target to $60.00May 7, 2023 | americanbankingnews.comMolson Coors Beverage (NYSE:TAP) Expected to Earn Q4 2023 Earnings of $1.02 Per ShareSee More Headlines TAP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TAP Company Calendar Ex-Dividend for 3/17 Dividend3/02/2023Dividend Payable3/17/2023Last Earnings5/02/2023Ex-Dividend for 6/15 Dividend6/01/2023Today6/02/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Malt beverages Sub-IndustryBrewers SectorConsumer Staples Current SymbolNYSE:TAP CUSIP60871R20 CIK24545 Webwww.molsoncoors.com Phone(303) 279-6565Fax302-655-5049Employees16,600Year Founded1786Price Target and Rating Average Stock Price Forecast$57.87 High Stock Price Forecast$74.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside-9.4%Consensus RatingHold Rating Score (0-4)1.93 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)($1.19) Trailing P/E RatioN/A Forward P/E Ratio14.72 P/E Growth3.38Net Income$-175,300,000.00 Net Margins-1.97% Pretax Margin-1.04% Return on Equity7.16% Return on Assets3.57% Debt Debt-to-Equity Ratio0.48 Current Ratio0.77 Quick Ratio0.49 Sales & Book Value Annual Sales$10.83 billion Price / Sales1.27 Cash Flow$11.59 per share Price / Cash Flow5.51 Book Value$59.74 per share Price / Book1.07Miscellaneous Outstanding Shares216,234,000Free Float211,261,000Market Cap$13.81 billion OptionableOptionable Beta0.84 Social Links Key ExecutivesGavin D. K. HattersleyPresident, Chief Executive Officer & DirectorTracey I. JoubertChief Financial OfficerRoxanne StelterVice President & ControllerRahul GoyalChief Strategy OfficerBrian ErhardtChief Supply Chain OfficerKey CompetitorsBoston BeerNYSE:SAMChewyNYSE:CHWYAlbertsons CompaniesNYSE:ACICampbell SoupNYSE:CPBJ. M. SmuckerNYSE:SJMView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 2,687 shares on 6/1/2023Ownership: 0.046%Ontario Teachers Pension Plan BoardBought 11,441 shares on 6/1/2023Ownership: 0.017%Prelude Capital Management LLCSold 3,781 shares on 6/1/2023Ownership: 0.003%ProShare Advisors LLCBought 4,113 shares on 5/26/2023Ownership: 0.013%Brandywine Global Investment Management LLCSold 4,271 shares on 5/25/2023Ownership: 0.058%View All Insider TransactionsView All Institutional Transactions TAP Stock - Frequently Asked Questions Should I buy or sell Molson Coors Beverage stock right now? 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last twelve months. There are currently 4 sell ratings, 7 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 forecast for 2023? 14 analysts have issued 12-month target prices for Molson Coors Beverage's shares. Their TAP share price forecasts range from $48.00 to $74.00. On average, they predict the company's stock price to reach $57.87 in the next twelve months. This suggests that the stock has a possible downside of 9.4%. 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 24.0% and is now trading at $63.87. 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, August 1st 2023. View our TAP earnings forecast. How were Molson Coors Beverage's earnings last quarter? Molson Coors Beverage (NYSE:TAP) posted its earnings results on Tuesday, May, 2nd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.26 by $0.28. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.23 billion. Molson Coors Beverage had a positive trailing twelve-month return on equity of 7.16% and a negative net margin of 1.97%. Molson Coors Beverage's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. 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 declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.41 per share on Thursday, June 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 1st. Read our dividend analysis for TAP. What ETFs hold Molson Coors Beverage's stock? ETFs with the largest weight of Molson Coors Beverage (NYSE:TAP) stock in their portfolio include AdvisorShares Vice ETF (VICE), VegTech Plant-based Innovation & Climate ETF (EATV), First Trust Consumer Staples AlphaDEX Fund (FXG), B.A.D. Etf (BAD), Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and iShares Focused Value Factor ETF (FOVL). 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 2.72%. 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 variety of institutional and retail investors. Top institutional shareholders include Dodge & Cox (13.00%), BlackRock Inc. (7.10%), State Street Corp (3.85%), LSV Asset Management (3.42%), Geode Capital Management LLC (1.78%) and Dimensional Fund Advisors LP (1.51%). 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 $63.87. How much money does Molson Coors Beverage make? Molson Coors Beverage (NYSE:TAP) has a market capitalization of $13.81 billion and generates $10.83 billion in revenue each year. The company earns $-175,300,000.00 in net income (profit) each year or ($1.19) 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 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Molson Coors Beverage Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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