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Molson Coors Beverage (TAP) Stock Forecast, Price & News

$66.40
+0.25 (+0.38%)
(As of 05:22 PM ET)
Compare
Today's Range
$65.84
$66.65
50-Day Range
$51.68
$66.15
52-Week Range
$46.69
$66.67
Volume
2.37 million shs
Average Volume
1.99 million shs
Market Capitalization
$14.36 billion
P/E Ratio
N/A
Dividend Yield
2.47%
Price Target
$57.87

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating
Hold
1.93 Rating Score
Upside/​Downside
9.4% Downside
$60.19 Price Target
Short Interest
Healthy
3.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.71
Upright™ Environmental Score
News Sentiment
0.62mentions of Molson Coors Beverage in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$111,541 Sold Last Quarter
Proj. Earnings Growth
2.95%
From $4.40 to $4.53 Per Share

Overall MarketRank

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

1.33 out of 5 stars

Consumer Staples Sector

131st out of 139 stocks

Malt Beverages Industry

4th out of 4 stocks


TAP stock logo

About Molson Coors Beverage (NYSE:TAP) Stock

Molson Coors Beverage Co. is a holding company, which engages in the production and sale of beer. It operates through the following segments: Americas, and EMEA and APAC. The Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin, and South America. The EMEA and APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the UK, various other European countries, and certain countries within the Middle East, Africa, and Asia Pacific. The company was founded in 1786 and is headquartered in Golden, CO.

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TAP Stock News Headlines

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But the analyst who called the Lehman Collapse says to expect a "Cash Frenzy" instead.
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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Molson Coors Beverage (NYSE:TAP) Upgraded at Bank of America
TAP - Molson Coors Beverage Company
TAP Molson Coors Beverage Company
See More Headlines

TAP Price History

TAP Company Calendar

Ex-Dividend for 3/17 Dividend
3/02/2023
Dividend Payable
3/17/2023
Last Earnings
5/02/2023
Ex-Dividend for 6/15 Dividend
6/01/2023
Today
6/08/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,600
Year Founded
1786

Price Target and Rating

Average Stock Price Forecast
$59.33
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
-12.5%
Consensus Rating
Hold
Rating Score (0-4)
1.93
Research Coverage
15 Analysts

Profitability

Net Income
$-175,300,000.00
Pretax Margin
-1.04%

Debt

Sales & Book Value

Annual Sales
$12.81 billion
Cash Flow
$11.41 per share
Book Value
$59.71 per share

Miscellaneous

Free Float
211,261,000
Market Cap
$14.30 billion
Optionable
Optionable
Beta
0.85

Social Links


Key Executives

  • Gavin D. K. Hattersley
    President, Chief Executive Officer & Director
  • Tracey I. Joubert
    Chief Financial Officer
  • Roxanne Stelter
    Vice President & Controller
  • Rahul Goyal
    Chief Strategy Officer
  • Brian Erhardt
    Chief Supply Chain Officer













TAP Stock - Frequently Asked Questions

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 4 sell ratings, 8 hold ratings and 3 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.
View TAP analyst ratings
or view top-rated stocks.

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

15 brokers have issued 12-month price objectives for Molson Coors Beverage's stock. Their TAP share price forecasts range from $48.00 to $75.00. On average, they expect the company's stock price to reach $59.33 in the next year. This suggests that the stock has a possible downside of 10.3%.
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 28.4% and is now trading at $66.15.
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, August 1st 2023.
View our TAP earnings forecast
.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) released its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.28. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.23 billion. Molson Coors Beverage had a positive trailing twelve-month return on equity of 7.16% and a negative net margin of 1.97%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 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, May 18th. Investors of record on Friday, June 2nd will be paid a dividend of $0.41 per share on Thursday, June 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, June 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 $1.64 per share and currently has a dividend yield of 2.52%.
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 retail and institutional investors. Top institutional shareholders include Dodge & Cox (13.00%), BlackRock Inc. (7.10%), State Street Corp (3.85%), LSV Asset Management (3.42%), Geode Capital Management LLC (1.78%) and Dimensional Fund Advisors LP (1.51%). Insiders that own company stock include Andrew Thomas Molson, Geoffrey E Molson, James A Winnefeld Jr, Louis Vachon 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 $66.15.

How much money does Molson Coors Beverage make?

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $14.30 billion and generates $12.81 billion in revenue each year. The company earns $-175,300,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis.

How many employees does Molson Coors Beverage have?

The company employs 16,600 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 6/8/2023 by MarketBeat.com Staff

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