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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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17 Wall Street research analysts have issued 12-month price targets for Molson Coors Beverage's stock. Their TAP share price targets range from $49.00 to $77.00. On average, they anticipate the company's stock price to reach $65.65 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
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Molson Coors Beverage's stock was trading at $51.52 at the beginning of the year. Since then, TAP shares have increased by 20.9% and is now trading at $62.28.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our TAP earnings forecast.

Molson Coors Beverage (NYSE:TAP) posted its earnings results on Thursday, November, 2nd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.39. The firm earned $3.30 billion during the quarter, compared to analyst estimates of $3.24 billion. Molson Coors Beverage had a trailing twelve-month return on equity of 9.16% and a net margin of 1.86%.

Molson Coors Beverage declared a quarterly dividend on Thursday, November 9th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.41 per share on Friday, December 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for TAP.

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.64 per share and currently has a dividend yield of 2.65%. 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 142.61%. 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 30.31% 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), 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).

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 many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.02%), Clarkston Capital Partners LLC (2.16%), AQR Capital Management LLC (1.61%), Morgan Stanley (1.60%), Invesco Ltd. (1.43%) and Bank of New York Mellon Corp (0.96%). Insiders that own company stock include 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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