S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Big climate bill: Spending green bucks to spur green energy
Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Big climate bill: Spending green bucks to spur green energy
Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Big climate bill: Spending green bucks to spur green energy
Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Big climate bill: Spending green bucks to spur green energy
Russia Ignites West's Battle for Energy Independence (Ad)

Molson Coors Beverage - TAP Stock Forecast, Price & News

$56.70
+0.98 (+1.76%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$55.71
$57.59
50-Day Range
$50.37
$59.75
52-Week Range
$42.46
$60.12
Volume
1.27 million shs
Average Volume
1.64 million shs
Market Capitalization
$12.30 billion
P/E Ratio
16.82
Dividend Yield
2.73%
Price Target
$53.44

Molson Coors Beverage MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.7% Downside
$53.44 Price Target
Short Interest
Healthy
3.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.52
Upright™ Environmental Score
News Sentiment
-0.04mentions of Molson Coors Beverage in the last 14 days
Based on 19 Articles This Week
Insider Trading
Acquiring Shares
$10,690 Bought Last Quarter
Proj. Earnings Growth
6.78%
From $3.98 to $4.25 Per Share

Overall MarketRank

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

2.18 out of 5 stars

Consumer Staples Sector

73rd out of 147 stocks

Malt Beverages Industry

2nd out of 5 stocks

TAP stock logo

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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TAP shares. TheStreet cut shares of Molson Coors Beverage from a "b" rating to a "c+" rating in a research note on Thursday, August 4th. Sanford C. Bernstein cut their target price on Molson Coors Beverage to $57.00 in a research note on Tuesday. The Goldman Sachs Group upgraded Molson Coors Beverage from a "sell" rating to a "neutral" rating and increased their price target for the stock from $46.00 to $54.00 in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Molson Coors Beverage from $54.00 to $52.00 in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group dropped their price target on shares of Molson Coors Beverage from $50.00 to $49.00 and set an "underperform" rating for the company in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.44.

Molson Coors Beverage Stock Up 1.8 %

NYSE:TAP traded up $0.98 during trading hours on Thursday, hitting $56.70. 1,274,044 shares of the company were exchanged, compared to its average volume of 1,635,811. The company has a 50 day moving average of $55.19 and a two-hundred day moving average of $53.24. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.48. Molson Coors Beverage has a 52-week low of $42.46 and a 52-week high of $60.12. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 3.26 and a beta of 0.82.

Molson Coors Beverage (NYSE:TAP - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. Molson Coors Beverage had a net margin of 5.73% and a return on equity of 6.46%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business posted $1.58 EPS. The firm's revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Molson Coors Beverage will post 3.98 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 1st. This represents a $1.52 annualized dividend and a dividend yield of 2.68%. Molson Coors Beverage's dividend payout ratio is currently 45.10%.

Receive TAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Molson Coors Beverage and its competitors with MarketBeat's FREE daily newsletter.

TAP Stock News Headlines

Is it Time to Tap Molson Coors or Will Beer Sales Turn Flat?
In this article, we look at why Molson Coors held firm on their full year forecast and how investors should factor that in on their decision to buy TAP stock
Hall of Fame Village Announces Agreement With Molson Coors
Coca-Cola Stock Looks Unstoppable
Why Molson Coors Stock Dropped Today
Molson Coors Beverage Falls On Lower Q2 Sales Below View
See More Headlines
Receive TAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Molson Coors Beverage and its competitors with MarketBeat's FREE daily newsletter.

TAP Company Calendar

Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Last Earnings
8/02/2022
Today
8/12/2022
Ex-Dividend for 9/15 Dividend
9/01/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,300
Year Founded
1786

Price Target and Rating

Average Stock Price Forecast
$53.44
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
-5.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
6.41%

Debt

Sales & Book Value

Annual Sales
$12.45 billion
Cash Flow
$8.03 per share
Book Value
$62.72 per share

Miscellaneous

Free Float
211,907,000
Market Cap
$12.30 billion
Optionable
Optionable
Beta
0.82

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













TAP Stock - Frequently Asked Questions

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last year. 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.
View TAP analyst ratings
or view top-rated stocks.

What is Molson Coors Beverage's stock price forecast for 2022?

10 analysts have issued 12-month price targets for Molson Coors Beverage's shares. Their TAP share price forecasts range from $46.00 to $61.00. On average, they expect the company's share price to reach $53.44 in the next year. This suggests that the stock has a possible downside of 5.7%.
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 start of the year. Since then, TAP shares have increased by 22.3% and is now trading at $56.70.
View the best growth stocks for 2022 here
.

Are investors shorting Molson Coors Beverage?

Molson Coors Beverage saw a drop in short interest during the month of 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 daily trading volume, of 1,560,000 shares, the short-interest ratio is presently 5.4 days. Currently, 4.4% of the shares of the company are short sold.
View Molson Coors Beverage's Short Interest
.

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) announced its quarterly earnings data on Tuesday, August, 2nd. The company reported $1.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.19. The company had revenue of $2.92 billion for 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 quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $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 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 yield of 2.68%. 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 2.73%. 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.

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 number of retail and institutional investors. Top institutional shareholders include Clarkston Capital Partners LLC (2.75%), River Road Asset Management LLC (0.79%), Thompson Siegel & Walmsley LLC (0.66%), Artemis Investment Management LLP (0.61%), Private Management Group Inc. (0.43%) and Deutsche Bank AG (0.40%). Insiders that own company stock include Andrew Thomas Molson, Brian Tabolt, James A Winnefeld Jr, Louis Vachon, Peter H Coors 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 $56.70.

How much money does Molson Coors Beverage make?

Molson Coors Beverage (NYSE:TAP) has a market capitalization of $12.30 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

When was Molson Coors Beverage founded?

Molson Coors Beverage was founded in 1786.

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 8/12/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.