Molson Coors Beverage (NYSE:TAP) Price Target Cut to $40.00 by Analysts at Barclays

Molson Coors Beverage (NYSE:TAP) had its target price reduced by Barclays from $47.00 to $40.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

TAP has been the subject of several other reports. Needham & Company LLC decreased their price objective on shares of Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. UBS Group set a $52.00 target price on shares of Molson Coors Beverage in a report on Friday, February 20th. Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Roth Mkm set a $58.00 price target on Molson Coors Beverage in a report on Thursday, February 19th. Finally, Wells Fargo & Company lowered their price objective on Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.82.

Molson Coors Beverage Trading Up 0.2%

Shares of TAP stock opened at $41.26 on Wednesday. Molson Coors Beverage has a 1-year low of $41.04 and a 1-year high of $63.50. The company has a current ratio of 0.55, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of -3.80 and a beta of 0.49. The stock has a 50-day moving average of $47.96 and a 200-day moving average of $46.97.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.17 by $0.04. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts forecast that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a dividend of $0.48 per share. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, March 6th. Molson Coors Beverage’s dividend payout ratio is presently -17.70%.

Insider Buying and Selling at Molson Coors Beverage

In other news, Director Andrew Thomas Molson bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the acquisition, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.71% of the stock is owned by insiders.

Institutional Trading of Molson Coors Beverage

A number of hedge funds and other institutional investors have recently bought and sold shares of TAP. Dodge & Cox grew its holdings in shares of Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after buying an additional 4,235,029 shares during the last quarter. Norges Bank acquired a new stake in shares of Molson Coors Beverage in the 2nd quarter worth about $134,289,000. Goldman Sachs Group Inc. raised its holdings in shares of Molson Coors Beverage by 265.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock worth $136,400,000 after acquiring an additional 2,122,085 shares during the last quarter. State Street Corp lifted its position in Molson Coors Beverage by 19.2% in the 3rd quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after acquiring an additional 1,693,682 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in Molson Coors Beverage by 317.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock valued at $98,297,000 after acquiring an additional 1,554,851 shares in the last quarter. 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.