Molson Coors Beverage - TAP Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 1 buy rating 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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10 analysts have issued 1 year target prices for Molson Coors Beverage's stock. Their TAP share price forecasts range from $46.00 to $61.00. On average, they predict the company's stock price to reach $53.44 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
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Molson Coors Beverage's stock was trading at $46.35 at the beginning of 2022. Since then, TAP stock has increased by 22.4% and is now trading at $56.71.
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Molson Coors Beverage saw a drop in short interest in July. As of July 15th, there was short interest totaling 8,430,000 shares, a drop of 21.7% from the June 30th total of 10,760,000 shares. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.4% of the shares of the company are sold short.
View Molson Coors Beverage's Short Interest.

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

Molson Coors Beverage (NYSE:TAP) announced 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 business earned $2.92 billion during the quarter, compared to analyst estimates 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 firm's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS.
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Molson Coors Beverage declared a quarterly dividend on Thursday, July 14th. Shareholders of record on Friday, September 2nd will be paid 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 2.68%. The ex-dividend date is Thursday, September 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 2.68%. 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.

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 Dodge & Cox (13.42%), Clarkston Capital Partners LLC (2.75%), Northern Trust Corp (0.89%), River Road Asset Management LLC (0.79%), Thompson Siegel & Walmsley LLC (0.66%) and Artemis Investment Management LLP (0.61%). Insiders that own company stock include Andrew Thomas Molson, Brian Tabolt, 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 $56.71.

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $12.29 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.

The company employs 16,300 workers across the globe.

Molson Coors Beverage was founded in 1786.

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.