Molson Coors Beverage Company (NYSE:TAP) Given Average Recommendation of “Hold” by Analysts

Molson Coors Beverage Company (NYSE:TAP) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.5933.

Several analysts recently commented on the company. Jefferies Financial Group cut their price objective on Molson Coors Beverage from $51.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. UBS Group dropped their target price on Molson Coors Beverage from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Sanford C. Bernstein reduced their price target on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Evercore ISI cut their target price on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th.

Molson Coors Beverage Stock Up 0.7%

TAP opened at $46.33 on Thursday. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of -4.34 and a beta of 0.45. The firm has a 50 day moving average price of $46.11 and a 200-day moving average price of $47.98. Molson Coors Beverage has a twelve month low of $42.94 and a twelve month high of $64.66. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.37.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Tuesday, November 4th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.05). The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Molson Coors Beverage had a positive return on equity of 8.78% and a negative net margin of 15.89%.Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. Equities research analysts forecast that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, December 5th. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -17.60%.

Insiders Place Their Bets

In related news, Director David S. Coors bought 2,245 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the completion of the transaction, the director owned 30,586 shares of the company’s stock, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Thomas Molson purchased 7,500 shares of the business’s stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $46.79 per share, with a total value of $350,925.00. Following the acquisition, the director directly owned 22,654 shares of the company’s stock, valued at $1,059,980.66. This trade represents a 49.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Molson Coors Beverage by 32.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 198 shares during the period. Signet Financial Management LLC raised its stake in Molson Coors Beverage by 3.7% during the 2nd quarter. Signet Financial Management LLC now owns 5,757 shares of the company’s stock worth $277,000 after acquiring an additional 208 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Molson Coors Beverage by 1.1% in the second quarter. Yousif Capital Management LLC now owns 19,531 shares of the company’s stock worth $939,000 after purchasing an additional 222 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Molson Coors Beverage by 1.7% in the second quarter. Penserra Capital Management LLC now owns 15,699 shares of the company’s stock worth $754,000 after purchasing an additional 257 shares during the period. Institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada’s Molson and the United States’ Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.