Molson Coors Beverage (NYSE:TAP) Given “Underperform” Rating at BNP Paribas Exane

BNP Paribas Exane restated their underperform rating on shares of Molson Coors Beverage (NYSE:TAP) in a research note published on Friday, Marketbeat.com reports. The firm currently has a $40.00 price target on the stock.

Other research analysts also recently issued reports about the company. Citigroup reduced their price objective on Molson Coors Beverage from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Barclays decreased their price target on shares of Molson Coors Beverage from $46.00 to $45.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research raised shares of Molson Coors Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. started coverage on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, UBS Group upped their price target on Molson Coors Beverage from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Molson Coors Beverage currently has a consensus rating of “Hold” and a consensus target price of $52.41.

Molson Coors Beverage Stock Down 3.3%

TAP stock opened at $48.95 on Friday. Molson Coors Beverage has a 52 week low of $42.94 and a 52 week 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. The firm has a 50-day simple moving average of $46.90 and a 200-day simple moving average of $47.79. The stock has a market capitalization of $9.67 billion, a P/E ratio of -4.58 and a beta of 0.45.

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

Molson Coors Beverage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 annualized dividend and a yield of 3.8%. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.60%.

Insiders Place Their Bets

In other Molson Coors Beverage news, Director Andrew Thomas Molson bought 7,500 shares of Molson Coors Beverage stock in a transaction on Monday, November 10th. The shares were bought at an average price of $46.79 per share, for a total transaction of $350,925.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David S. Coors purchased 2,245 shares of the stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average price of $44.47 per share, with a total value of $99,835.15. Following the completion of the acquisition, the director owned 30,586 shares in the company, valued at approximately $1,360,159.42. This trade represents a 7.92% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Polianta Ltd acquired a new position in shares of Molson Coors Beverage during the 3rd quarter worth about $1,543,000. JPMorgan Chase & Co. lifted its stake in Molson Coors Beverage by 20.4% during the second quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock worth $49,828,000 after purchasing an additional 175,587 shares during the last quarter. Swiss National Bank boosted its holdings in Molson Coors Beverage by 5.5% in the second quarter. Swiss National Bank now owns 537,600 shares of the company’s stock valued at $25,853,000 after purchasing an additional 27,900 shares in the last quarter. Signaturefd LLC increased its stake in Molson Coors Beverage by 79.8% in the second quarter. Signaturefd LLC now owns 2,861 shares of the company’s stock valued at $138,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Molson Coors Beverage by 182.1% during the second quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,410 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

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.