Molson Coors Beverage (NYSE:TAP) Given New $45.00 Price Target at UBS Group

Molson Coors Beverage (NYSE:TAP) had its target price lowered by UBS Group from $50.00 to $45.00 in a report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group set a $45.00 price objective on Molson Coors Beverage in a research report on Thursday, February 19th. TD Cowen dropped their price objective on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, February 20th. Needham & Company LLC dropped their price objective on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Roth Mkm set a $58.00 price objective on Molson Coors Beverage in a research report on Thursday, February 19th. Finally, Bank of America downgraded Molson Coors Beverage from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $47.71.

Molson Coors Beverage Price Performance

NYSE TAP opened at $45.08 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. The firm’s 50 day moving average price is $46.88 and its 200-day moving average price is $46.67. Molson Coors Beverage has a 52-week low of $41.04 and a 52-week high of $62.14. The company has a market cap of $8.47 billion, a PE ratio of -4.15 and a beta of 0.50.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm earned $1.30 earnings per share. The company’s quarterly 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. Sell-side analysts forecast that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. Molson Coors Beverage’s payout ratio is presently -17.70%.

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 2,000 shares of the stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of $46.67 per share, for a total transaction of $93,340.00. Following the completion of the purchase, the director owned 24,654 shares of the company’s stock, valued at approximately $1,150,602.18. This represents a 8.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Molson Coors Beverage

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caxton Associates LLP acquired a new stake in shares of Molson Coors Beverage during the first quarter worth about $202,000. United Services Automobile Association acquired a new stake in shares of Molson Coors Beverage during the first quarter worth about $215,000. Woodline Partners LP lifted its holdings in shares of 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 purchasing an additional 4,056 shares during the period. Geneos Wealth Management Inc. lifted 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 purchasing an additional 198 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Molson Coors Beverage by 5.8% during the second quarter. Guggenheim Capital LLC now owns 43,351 shares of the company’s stock worth $2,085,000 after purchasing an additional 2,377 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

About Molson Coors Beverage

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.