Molson Coors Beverage (NYSE:TAP) Upgraded at Zacks Research

Zacks Research upgraded shares of Molson Coors Beverage (NYSE:TAP) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other research firms also recently commented on TAP. Wells Fargo & Company lowered their target price on Molson Coors Beverage from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Bank of America downgraded Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $42.00 in a research report on Wednesday, February 25th. BNP Paribas Exane downgraded Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price for the company. in a research report on Friday, January 16th. Piper Sandler lowered their target price on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, UBS Group lowered their target price on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.47.

Molson Coors Beverage Stock Up 1.4%

NYSE TAP opened at $44.28 on Monday. 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 company has a market capitalization of $8.32 billion, a P/E ratio of -4.08 and a beta of 0.50. Molson Coors Beverage has a one year low of $41.04 and a one year high of $60.84. The stock has a 50 day moving average price of $46.36 and a 200-day moving average price of $46.64.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts predict that Molson Coors Beverage will post 6.35 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

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

Insiders Place Their Bets

In related news, Director Andrew Thomas Molson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $46.67 per share, for a total transaction of $93,340.00. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.27% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of TAP. Dodge & Cox raised its holdings in Molson Coors Beverage by 29.4% during the 3rd 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 period. Norges Bank purchased a new stake in Molson Coors Beverage in the fourth quarter worth $125,755,000. Goldman Sachs Group Inc. increased its stake in Molson Coors Beverage by 265.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock worth $136,400,000 after purchasing an additional 2,122,085 shares during the period. State Street Corp increased its stake in Molson Coors Beverage by 19.2% in the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock worth $475,886,000 after purchasing an additional 1,693,682 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Molson Coors Beverage by 317.9% in the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock worth $98,297,000 after purchasing an additional 1,554,851 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

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.