NYSE:TAP

Molson Coors Beverage - TAP Stock Forecast, Price & News

$47.99

-0.18 (-0.37%)

(As of 09/30/2022 09:02 PM ET)

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Today's Range: $47.95
▼
$48.88
50-Day Range: $47.49
▼
$59.75
52-Week Range: $42.46
▼
$60.12

Volume: 1.42 million shs
Average Volume: 1.55 million shs
Market Capitalization: $10.40 billion

P/E Ratio: 14.24
Dividend Yield: 3.17%
Price Target: $53.56

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating: Hold
1.90 Rating Score
Upside/Downside: 11.6% Upside
$53.56 Price Target
Short Interest: Bearish
4.50% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.52
Upright™ Environmental Score
News Sentiment: 0.58
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$10,690 Bought Last Quarter
Proj. Earnings Growth: 8.18%
From $3.91 to $4.23 Per Share

Overall MarketRank^™

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

2.12 out of 5 stars

Consumer Staples Sector

85th out of 144 stocks

Malt Beverages Industry

3rd out of 4 stocks

2.0

Analyst's Opinion

Consensus Rating
Molson Coors Beverage has received a consensus rating of Hold. The company's average rating score is 1.90, and is based on 1 buy rating, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $53.56, Molson Coors Beverage has a forecasted upside of 11.6% from its current price of $47.99.
Amount of Analyst Coverage
Molson Coors Beverage has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.50% of the float of Molson Coors Beverage has been sold short.
Short Interest Ratio / Days to Cover
Molson Coors Beverage has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Molson Coors Beverage has recently increased by 6.52%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Molson Coors Beverage pays a meaningful dividend of 3.16%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Molson Coors Beverage has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Molson Coors Beverage is 45.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Molson Coors Beverage will have a dividend payout ratio of 35.93% next year. This indicates that Molson Coors Beverage will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Molson Coors Beverage has received a -186.05% net impact score from Upright. The largest negative impact of Molson Coors Beverage in category "Physical diseases" seems to be driven mostly by its "Beer in a glass bottle made of virgin materials", "Beer in a plastic bottle made of virgin materials", and "Beer in a can made of virgin materials" products. See details.
Environmental Sustainability
The Environmental Impact score for Molson Coors Beverage is -2.52.

2.5

News and Social Media Coverage

News Sentiment
Molson Coors Beverage has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Molson Coors Beverage this week, compared to 4 articles on an average week.
Search Interest
5 people have searched for TAP on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
8 people have added Molson Coors Beverage to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Molson Coors Beverage insiders have bought more of their company's stock than they have sold. Specifically, they have bought $10,690.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Molson Coors Beverage is held by insiders.
Percentage Held by Institutions
79.22% of the stock of Molson Coors Beverage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Molson Coors Beverage are expected to grow by 8.18% in the coming year, from $3.91 to $4.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Molson Coors Beverage is 14.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Molson Coors Beverage is 14.24, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 13.72.
Price to Earnings Growth Ratio
Molson Coors Beverage has a PEG Ratio of 4.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Molson Coors Beverage has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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TAP Stock News Headlines

September 29, 2022 | finance.yahoo.com

Molson Coors, Coca-Cola Plan New Line Of Spirit-Based, Ready-To-Drink Cocktails

September 29, 2022 | finance.yahoo.com

Molson Coors expands Coca-Cola partnership with new spirits drink

September 29, 2022 | marketwatch.com

Coca-Cola, Molson Coors Plan Topo Chico Canned Cocktails >KO TAP

September 29, 2022 | finance.yahoo.com

MOLSON COORS EXPANDS EXCLUSIVE AGREEMENT WITH THE COCA-COLA COMPANY TO LAUNCH TOPO CHICO SPIRITED LINE OF CANNED COCKTAILS

September 23, 2022 | nasdaq.com

Molson Coors Beverage Enters Oversold Territory

September 19, 2022 | finance.yahoo.com

Institutional owners may ignore Molson Coors Beverage Company's (NYSE:TAP) recent US$375m market cap decline as longer-term profits stay in the green

September 14, 2022 | morningstar.com

Molson Coors Beverage Co Shs -B- Non-Voting

September 13, 2022 | finance.yahoo.com

EXCLUSIVE: Anticipated Legalization A Catalyst For Consolidation, Cannabis Companies Are Preparing

September 6, 2022 | seekingalpha.com

Molson Coors: Time To Tap Some Tipple?

September 2, 2022 | finance.yahoo.com

Molson Coors CEO leads turnaround during period of incredible hurdles

September 1, 2022 | finance.yahoo.com

Why Is Molson Coors (TAP) Down 4.7% Since Last Earnings Report?

August 29, 2022 | nasdaq.com

Is Molson Coors Beverage Company's (NYSE:TAP) Recent Price Movement Underpinned By Its Weak Fundamentals?

August 25, 2022 | finance.yahoo.com

Miller High Life, Tipsy Scoop team up for ‘Dive Bar’ ice cream

August 4, 2022 | nz.finance.yahoo.com

Hall of Fame Village Announces Agreement With Molson Coors

August 4, 2022 | finance.yahoo.com

Coca-Cola Stock Looks Unstoppable

August 2, 2022 | finance.yahoo.com

Molson Coors stock fizzles following second-quarter earnings miss

August 2, 2022 | nasdaq.com

Why Molson Coors Stock Dropped Today

August 2, 2022 | cnbc.com

Molson Coors stock falls as company cites split in consumer spending on beer

August 2, 2022 | markets.businessinsider.com

Molson Coors Beverage Falls On Lower Q2 Sales Below View

August 2, 2022 | finance.yahoo.com

Molson Coors Brewing (TAP) Q2 Earnings Surpass Estimates

July 30, 2022 | nasdaq.com

Molson Coors Beverage (NYSE:TAP) investors are sitting on a loss of 28% if they invested five years ago

July 29, 2022 | finance.yahoo.com

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Consumer Staples Names

July 27, 2022 | finance.yahoo.com

Shareholders in Molson Coors Beverage (NYSE:TAP) are in the red if they invested five years ago

July 22, 2022 | bizjournals.com

Molson Coors out as Fiserv Forum's main beer sponsor. Anheuser-Busch set to take over.

July 21, 2022 | finance.yahoo.com

Boston Beer (SAM) Q2 Earnings and Revenues Lag Estimates

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30 days | 90 days | 365 days | Advanced Chart

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TAP Company Calendar

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Malt beverages
Sub-Industry: Brewers
Sector: Consumer Staples
Current Symbol: NYSE:TAP
CUSIP: 60871R20
CIK: 24545
Web: www.molsoncoors.com
Phone: (303) 279-6565
Fax: 302-655-5049
Employees: 16,300
Year Founded: 1786

Price Target and Rating

Average Stock Price Forecast: $53.56
High Stock Price Forecast: $61.00
Low Stock Price Forecast: $46.00
Forecasted Upside/Downside: +11.6%
Consensus Rating: Hold
Rating Score (0-4): 1.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.37
Trailing P/E Ratio: 14.24
Forward P/E Ratio: 12.27
P/E Growth: 4.91
Net Income: $1.01 billion
Net Margins: 5.73%
Pretax Margin: 6.41%
Return on Equity: 6.46%
Return on Assets: 3.19%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 0.82
Quick Ratio: 0.57

Sales & Book Value

Annual Sales: $12.45 billion
Price / Sales: 0.84
Cash Flow: $7.78 per share
Price / Cash Flow: 6.17
Book Value: $62.97 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 216,735,000
Free Float: 211,750,000
Market Cap: $10.40 billion
Optionable: Optionable
Beta: 0.85

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TAP Stock - Frequently Asked Questions

Should I buy or sell Molson Coors Beverage stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 2 sell ratings, 7 hold ratings and 1 buy rating 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 2022?: 10 brokers 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 anticipate the company's stock price to reach $53.56 in the next year. This suggests a possible upside of 11.6% 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 2022?: Molson Coors Beverage's stock was trading at $46.35 at the beginning of 2022. Since then, TAP shares have increased by 3.5% and is now trading at $47.99.
View the best growth stocks for 2022 here.
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) released its quarterly earnings data on Tuesday, August, 2nd. The company reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The firm 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%. Molson Coors Beverage's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous 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 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend 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 3.16%. 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 35.93% 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."
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 $47.99.
How much money does Molson Coors Beverage make?: Molson Coors Beverage (NYSE:TAP) has a market capitalization of $10.40 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
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 10/3/2022 by MarketBeat.com Staff

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Molson Coors Beverage - TAP Stock Forecast, Price & News

Molson Coors Beverage MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Molson Coors Beverage (NYSE:TAP) Stock

TAP Stock News Headlines

TAP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

TAP Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™