Brokerages Set Molson Coors Beverage Company (NYSE:TAP) Price Target at $53.59

Shares of Molson Coors Beverage Company (NYSE:TAP) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.5933.

Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Molson Coors Beverage from $67.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Piper Sandler reduced their price target on shares of Molson Coors Beverage from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $50.00 price objective (down from $53.00) on shares of Molson Coors Beverage in a research note on Wednesday, November 19th. JPMorgan Chase & Co. began coverage on shares of Molson Coors Beverage in a research note on Wednesday, November 5th. They issued a “neutral” rating and a $49.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, December 22nd.

Molson Coors Beverage Stock Performance

Molson Coors Beverage stock opened at $46.57 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.45 and a current ratio of 0.60. The company has a market capitalization of $9.20 billion, a PE ratio of -4.36 and a beta of 0.45. The company has a 50 day moving average price of $46.07 and a 200-day moving average price of $47.84. Molson Coors Beverage has a fifty-two week low of $42.94 and a fifty-two week high of $64.66.

Molson Coors Beverage (NYSE:TAP) last announced 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). The firm had revenue of $2.97 billion during 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. As a group, equities analysts forecast that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Molson Coors Beverage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.88 dividend on an annualized basis and a yield of 4.0%. Molson Coors Beverage’s dividend payout ratio (DPR) is presently -17.60%.

Insider Activity

In other news, Director David S. Coors acquired 2,245 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average price of $44.47 per share, with a total value of $99,835.15. Following the transaction, the director directly owned 30,586 shares in the company, valued at approximately $1,360,159.42. This represents a 7.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Thomas Molson acquired 7,500 shares of Molson Coors Beverage stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $46.79 per share, with a total value of $350,925.00. Following the purchase, the director owned 22,654 shares in the company, valued at $1,059,980.66. This represents 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 owned by insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dodge & Cox lifted its holdings in shares of 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 purchasing an additional 4,235,029 shares during the last quarter. Norges Bank purchased a new stake in Molson Coors Beverage in the second quarter valued at about $134,289,000. State Street Corp raised 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 valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings 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 acquiring an additional 1,554,851 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Molson Coors Beverage by 22.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,425,043 shares of the company’s stock worth $290,741,000 after acquiring an additional 1,195,249 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

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.