Molson Coors Beverage - TAP Stock Forecast, Price & News

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 4 sell ratings, 6 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.
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13 Wall Street research analysts have issued 1 year price objectives for Molson Coors Beverage's shares. Their TAP share price forecasts range from $45.00 to $61.00. On average, they predict the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
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Molson Coors Beverage's stock was trading at $51.52 at the beginning of 2023. Since then, TAP shares have increased by 4.1% and is now trading at $53.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our TAP earnings forecast.

Molson Coors Beverage will be holding an earnings conference call on Tuesday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Molson Coors Beverage (NYSE:TAP) released its earnings results on Wednesday, October, 27th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.53 by $0.22. The company had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $2.91 billion. Molson Coors Beverage had a trailing twelve-month return on equity of 5.78% and a net margin of 3.85%. Molson Coors Beverage's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share.
Read the conference call transcript.

Molson Coors Beverage announced a quarterly dividend on Thursday, November 10th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.38 per share on Thursday, December 15th. This represents a $1.52 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for TAP.

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAP will have a dividend payout ratio of 37.07% 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 institutional and retail investors. Top institutional investors include River Road Asset Management LLC (0.86%), Private Management Group Inc. (0.39%), Bank Julius Baer & Co. Ltd Zurich (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Wilsey Asset Management Inc. (0.23%) and Keybank National Association OH (0.20%). Insiders that own company stock include Andrew Thomas Molson, James A Winnefeld Jr, Louis Vachon, Peter H Coors 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 $53.62.

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $11.61 billion and generates $10.69 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $2.28 on an earnings per share basis.

The company employs 16,300 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.