Molson Coors Beverage Company (NYSE:TAP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Molson Coors Beverage Company (NYSE:TAP) have received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $52.4059.

TAP has been the subject of a number of recent research reports. Sanford C. Bernstein reduced their price objective on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Piper Sandler dropped their target price on Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Evercore ISI decreased their price target on Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Barclays reaffirmed an “underweight” rating and set a $49.00 price target on shares of Molson Coors Beverage in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 29th.

Molson Coors Beverage Stock Down 3.3%

Shares of Molson Coors Beverage stock opened at $48.95 on Monday. The firm has a market cap of $9.67 billion, a PE ratio of -4.58 and a beta of 0.45. The business’s 50 day simple moving average is $46.90 and its 200 day simple moving average is $47.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. Molson Coors Beverage has a 52-week low of $42.94 and a 52-week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.05). The business had revenue of $2.97 billion for 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. On average, analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

Insider Transactions at Molson Coors Beverage

In other news, Director David S. Coors bought 2,245 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $44.47 per share, for a total transaction of $99,835.15. Following the purchase, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew Thomas Molson purchased 7,500 shares of the stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $46.79 per share, for a total transaction of $350,925.00. Following the transaction, the director owned 22,654 shares of the company’s stock, valued at approximately $1,059,980.66. The trade was a 49.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage during the 1st quarter worth about $202,000. United Services Automobile Association bought a new position in Molson Coors Beverage in the 1st quarter valued at about $215,000. Woodline Partners LP lifted its position in Molson Coors Beverage by 38.7% during the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock worth $885,000 after acquiring an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after acquiring an additional 198 shares during the period. Finally, Fulton Bank N.A. bought a new stake in shares of Molson Coors Beverage during the second quarter worth approximately $215,000. 78.46% of the stock is owned by 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.