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Molson Coors Beverage - TAP Stock Forecast, Price & News

$52.77
-0.15 (-0.28%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$52.51
$53.58
50-Day Range
$49.03
$55.58
52-Week Range
$46.69
$60.12
Volume
2.58 million shs
Average Volume
1.61 million shs
Market Capitalization
$11.43 billion
P/E Ratio
23.14
Dividend Yield
2.87%
Price Target
$54.00

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating
Hold
1.92 Rating Score
Upside/​Downside
2.3% Upside
$54.00 Price Target
Short Interest
Bearish
4.02% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.07
Upright™ Environmental Score
News Sentiment
0.84mentions of Molson Coors Beverage in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.22%
From $3.86 to $4.10 Per Share

Overall MarketRank

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

1.60 out of 5 stars

Consumer Staples Sector

108th out of 141 stocks

Malt Beverages Industry

2nd out of 4 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, the Middle East, Africa, and the 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.

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TAP Stock News Headlines

Molson Coors Is Poised To Profit
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EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
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Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Molson Coors launches nonalcoholic cocktail line
Grubhub: America's top takeout for 2022
COORS LIGHT NAMED OFFICIAL BEER OF LEAGUES CUP
See More Headlines
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TAP Company Calendar

Last Earnings
11/01/2022
Ex-Dividend for 12/15 Dividend
12/01/2022
Dividend Payable
12/15/2022
Today
1/26/2023
Next Earnings (Confirmed)
2/21/2023
Fiscal Year End
12/31/2023

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
$54.00
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+2.3%
Consensus Rating
Hold
Rating Score (0-4)
1.92
Research Coverage
13 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
4.75%

Debt

Sales & Book Value

Annual Sales
$12.45 billion
Cash Flow
$8.01 per share
Book Value
$62.97 per share

Miscellaneous

Free Float
211,529,000
Market Cap
$11.43 billion
Optionable
Optionable
Beta
0.86

Social Links


Key Executives

  • Mr. Gavin D. K. Hattersley (Age 60)
    Pres, CEO & Director
    Comp: $2.99M
  • Ms. Tracey I. Joubert (Age 56)
    Chief Financial Officer
    Comp: $1.62M
  • Ms. Michelle E. St. Jacques (Age 45)
    Chief Marketing Officer
    Comp: $1.26M
  • Mr. Peter John Marino (Age 50)
    Pres of Emerging Growth
    Comp: $999.48k
  • Ms. Roxanne M. Stelter (Age 46)
    VP, Controller, Chief Accounting Officer & Principal Accounting Officer
  • Greg Tierney
    VP of FP&A and Investor Relations
  • Ms. Anne-Marie Wieland D'Angelo (Age 46)
    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 46)
    Pres & CEO of Molson Coors EMEA APAC













TAP Stock - Frequently Asked Questions

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

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.
View TAP analyst ratings
or view top-rated stocks.

What is Molson Coors Beverage's stock price forecast for 2023?

13 Wall Street research analysts have issued 12-month price targets for Molson Coors Beverage's stock. Their TAP share price forecasts range from $45.00 to $61.00. On average, they expect the company's stock price to reach $54.00 in the next year. This suggests a possible upside of 1.5% from the stock's current price.
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 start of the year. Since then, TAP shares have increased by 3.2% and is now trading at $53.19.
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, February 21st 2023.
View our TAP earnings forecast
.

How can I listen to Molson Coors Beverage's earnings call?

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.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) released its quarterly earnings data on Tuesday, November, 1st. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.36 by $0.04. The business had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.86 billion. Molson Coors Beverage had a net margin of 3.85% and a trailing twelve-month return on equity of 5.78%.

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, 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 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, December 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 2.87%. 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.

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 investors include Bank Julius Baer & Co. Ltd Zurich (0.31%), Pendal Group Ltd (0.15%), CHURCHILL MANAGEMENT Corp (0.15%), National Bank of Canada FI (0.08%), Greenwood Capital Associates LLC (0.08%) and Sage Capital Advisors llc (0.05%). Insiders that own company stock include Andrew Thomas Molson, 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 $53.19.

How much money does Molson Coors Beverage make?

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $11.52 billion and generates $12.45 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.

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
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 1/26/2023 by MarketBeat.com Staff