Molson Coors Beverage Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. There are currently 2 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Molson Coors Beverage stock. 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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Wall Street analysts have given Molson Coors Beverage a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Molson Coors Beverage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Molson Coors Beverage saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 13,220,000 shares, an increase of 27.2% from the January 28th total of 10,390,000 shares. Based on an average daily trading volume, of 2,400,000 shares, the short-interest ratio is currently 5.5 days. Currently, 7.5% of the shares of the stock are sold short.
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Molson Coors Beverage is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Molson Coors Beverage.

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings results on Wednesday, February, 10th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.37. Molson Coors Beverage had a net margin of 4.86% and a trailing twelve-month return on equity of 7.35%.
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Molson Coors Beverage's stock was trading at $40.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TAP stock has increased by 9.8% and is now trading at $44.97.
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14 brokerages have issued 12-month target prices for Molson Coors Beverage's stock. Their forecasts range from $31.00 to $62.00. On average, they anticipate Molson Coors Beverage's share price to reach $48.54 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
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30 employees have rated Molson Coors Beverage CEO Gavin Hattersley on Glassdoor.com. Gavin Hattersley has an approval rating of 63% among Molson Coors Beverage's employees. This puts Gavin Hattersley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Molson Coors Beverage include Carlsberg A/S (CABGY), Kirin (KNBWY), The Boston Beer (SAM), Tsingtao Brewery (TSGTY), San Miguel (SMGBY), Compañía Cervecerías Unidas (CCU), NewAge (NBEV), Big Rock Brewery (BRBMF), Athena Silver (AHNR), China New Borun (BORNY) and Mendocino Brewing (MENB).
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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), The 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 number of institutional and retail investors. Top institutional shareholders include Dodge & Cox (7.29%), BlackRock Inc. (3.62%), Principal Financial Group Inc. (0.93%), Thompson Siegel & Walmsley LLC (0.59%), Northern Trust Corp (0.52%) and Norges Bank (0.89%). Company insiders that own Molson Coors Beverage stock include Andrew Thomas Molson, Brian Tabolt, James A Winnefeld Jr, Louis Vachon, Mark Hunter, Peter H Coors and Simon Cox.
View institutional ownership trends for Molson Coors Beverage.

TAP stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Dodge & Cox, Thompson Siegel & Walmsley LLC, Sumitomo Mitsui Trust Holdings Inc., New York State Common Retirement Fund, Panagora Asset Management Inc., and Mackenzie Financial Corp. Company insiders that have sold Molson Coors Beverage company stock in the last year include Andrew Thomas Molson, Peter H Coors, and Simon Cox.
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TAP stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Norges Bank, BlackRock Inc., Alliancebernstein L.P., Los Angeles Capital Management LLC, Renaissance Technologies LLC, Schroder Investment Management Group, and Russell Investments Group Ltd.. Company insiders that have bought Molson Coors Beverage stock in the last two years include James A Winnefeld Jr, and Louis Vachon.
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Shares of TAP 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 $44.97.

Molson Coors Beverage has a market capitalization of $9.75 billion and generates $13.01 billion in revenue each year. The company earns $241.70 million in net income (profit) each year or $4.54 on an earnings per share basis.

Molson Coors Beverage employs 17,000 workers across the globe.

The official website for Molson Coors Beverage is www.molsoncoors.com.

Molson Coors Beverage is headquartered at 1801 CALIFORNIA STREET SUITE 4600, DENVER CO, 80202.

Molson Coors Beverage's mailing address is 1801 CALIFORNIA STREET SUITE 4600, DENVER CO, 80202. The company can be reached via phone at 303-927-2337 or via email at [email protected]