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

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TAP earnings forecast.

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.
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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.

ETFs with the largest weight of Molson Coors Beverage (NYSE:TAP) stock in their portfolio include AdvisorShares Vice ETF (VICE), VegTech Plant-based Innovation & Climate ETF (EATV), First Trust Consumer Staples AlphaDEX Fund (FXG), B.A.D. Etf (BAD), Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), First Trust Dorsey Wright Momentum & Value ETF (DVLU) and iShares Focused Value Factor ETF (FOVL).

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.

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 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.
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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 $66.15.

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.

The company employs 16,600 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.