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Molson Coors Beverage - TAP Stock Forecast, Price & News

$55.68
-0.80 (-1.42%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$55.17
$56.35
50-Day Range
$50.37
$59.75
52-Week Range
$42.46
$60.12
Volume
1.36 million shs
Average Volume
1.62 million shs
Market Capitalization
$12.07 billion
P/E Ratio
16.52
Dividend Yield
2.69%
Price Target
$53.44

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.0% Downside
$53.44 Price Target
Short Interest
Healthy
3.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
-0.03mentions of Molson Coors Beverage in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$10,690 Bought Last Quarter
Proj. Earnings Growth
6.78%
From $3.98 to $4.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Consumer Staples Sector

124th out of 149 stocks

Malt Beverages Industry

3rd out of 5 stocks

TAP stock logo

About Molson Coors Beverage (NYSE:TAP) Stock

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. 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.

Molson Coors Beverage Stock Down 1.4 %

Shares of Molson Coors Beverage stock traded down $0.80 during trading on Wednesday, reaching $55.68. The company's stock had a trading volume of 1,355,727 shares, compared to its average volume of 1,623,519. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.48. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 3.33 and a beta of 0.82. Molson Coors Beverage has a 1-year low of $42.46 and a 1-year high of $60.12. The company has a 50-day simple moving average of $55.43 and a two-hundred day simple moving average of $53.50.

Molson Coors Beverage (NYSE:TAP - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.19 earnings per share for the quarter, meeting analysts' consensus estimates of $1.19. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Molson Coors Beverage had a return on equity of 6.46% and a net margin of 5.73%. The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. As a group, equities analysts forecast that Molson Coors Beverage will post 3.98 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.73%. Molson Coors Beverage's payout ratio is currently 45.10%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Molson Coors Beverage from a "sell" rating to a "neutral" rating and upped their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft cut their target price on Molson Coors Beverage from $54.00 to $52.00 in a research note on Wednesday, August 3rd. Sanford C. Bernstein dropped their price target on Molson Coors Beverage to $57.00 in a research note on Tuesday, August 9th. Citigroup raised their price target on Molson Coors Beverage from $58.00 to $61.00 in a research note on Friday, May 6th. Finally, UBS Group raised their target price on Molson Coors Beverage from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.44.

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TAP Stock News Headlines

Is it Time to Tap Molson Coors or Will Beer Sales Turn Flat?
In this article, we look at why Molson Coors held firm on their full year forecast and how investors should factor that in on their decision to buy TAP stock
Hall of Fame Village Announces Agreement With Molson Coors
Coca-Cola Stock Looks Unstoppable
Why Molson Coors Stock Dropped Today
Molson Coors Beverage Falls On Lower Q2 Sales Below View
See More Headlines
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TAP Company Calendar

Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Last Earnings
8/02/2022
Today
8/17/2022
Ex-Dividend for 9/15 Dividend
9/01/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,300
Year Founded
1786

Price Target and Rating

Average Stock Price Forecast
$53.44
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
6.41%

Debt

Sales & Book Value

Annual Sales
$12.45 billion
Cash Flow
$7.70 per share
Book Value
$62.76 per share

Miscellaneous

Free Float
211,750,000
Market Cap
$12.07 billion
Optionable
Optionable
Beta
0.82

Social Links


Key Executives

  • Mr. Gavin D. K. Hattersley (Age 59)
    Pres, CEO & Director
    Comp: $2.99M
  • Ms. Tracey I. Joubert (Age 55)
    Chief Financial Officer
    Comp: $1.62M
  • Ms. Michelle E. St. Jacques (Age 44)
    Chief Marketing Officer
    Comp: $1.26M
  • Mr. Peter John Marino (Age 49)
    Pres of Emerging Growth
    Comp: $999.48k
  • Ms. Roxanne M. Stelter (Age 45)
    VP, Controller, Chief Accounting Officer & Principal Accounting Officer
  • Greg Tierney
    VP of FP&A and Investor Relations
  • Ms. Anne-Marie Wieland D'Angelo (Age 45)
    Chief Legal & Gov. Affairs Officer and Sec.
  • Mr. Adam Collins
    Chief Communications & Corp. Affairs Officer
  • Mr. Dave Osswald
    Chief People & Diversity Officer
  • Mr. Sergey K. Yeskov (Age 45)
    Pres & CEO of Molson Coors EMEA APAC













TAP Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 1 sell rating, 8 hold ratings and 1 buy rating 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.

What is Molson Coors Beverage's stock price forecast for 2022?

10 analysts have issued 12 month price targets for Molson Coors Beverage's stock. Their TAP share price forecasts range from $46.00 to $61.00. On average, they expect the company's share price to reach $53.44 in the next year. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for TAP
or view top-rated stocks among Wall Street analysts.

How have TAP shares performed in 2022?

Molson Coors Beverage's stock was trading at $46.35 on January 1st, 2022. Since then, TAP stock has increased by 20.1% and is now trading at $55.68.
View the best growth stocks for 2022 here
.

Are investors shorting Molson Coors Beverage?

Molson Coors Beverage saw a decline in short interest in July. As of July 15th, there was short interest totaling 8,430,000 shares, a decline of 21.7% from the June 30th total of 10,760,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is presently 5.4 days. Currently, 4.4% of the shares of the stock are short sold.
View Molson Coors Beverage's Short Interest
.

When is Molson Coors Beverage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TAP earnings forecast
.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings results on Tuesday, August, 2nd. The company reported $1.19 earnings per share for the quarter, meeting analysts' consensus estimates of $1.19. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. Molson Coors Beverage had a net margin of 5.73% and a trailing twelve-month return on equity of 6.46%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 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, July 14th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.38 per share on Thursday, September 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for TAP
.

Is Molson Coors Beverage a good dividend stock?

Molson Coors Beverage (NYSE:TAP) pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAP will have a dividend payout ratio of 35.76% 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).

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 many different institutional and retail investors. Top institutional investors include Dodge & Cox (13.42%), State Street Corp (3.90%), Clarkston Capital Partners LLC (2.75%), Northern Trust Corp (0.89%), River Road Asset Management LLC (0.79%) and AQR Capital Management LLC (0.74%). Insiders that own company stock include Andrew Thomas Molson, Brian Tabolt, James A Winnefeld Jr, Louis Vachon, Peter H Coors 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 $55.68.

How much money does Molson Coors Beverage make?

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $12.07 billion and generates $12.45 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $3.37 on an earnings per share basis.

How many employees does Molson Coors Beverage have?

The company employs 16,300 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
When was Molson Coors Beverage founded?

Molson Coors Beverage was founded in 1786.

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 8/17/2022 by MarketBeat.com Staff

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