Bank of America Downgrades Molson Coors Beverage (NYSE:TAP) to Underperform

Molson Coors Beverage (NYSE:TAP) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, Marketbeat.com reports. They presently have a $42.00 target price on the stock, down from their prior target price of $50.00. Bank of America‘s target price indicates a potential downside of 15.82% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Roth Mkm set a $58.00 price target on shares of Molson Coors Beverage in a research report on Thursday, February 19th. Sanford C. Bernstein lowered their price objective on shares of Molson Coors Beverage from $54.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. UBS Group set a $52.00 price objective on shares of Molson Coors Beverage in a research note on Friday. Finally, Needham & Company LLC decreased their target price on shares of Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.35.

Molson Coors Beverage Stock Performance

NYSE TAP opened at $49.89 on Wednesday. The company has a fifty day moving average of $48.97 and a two-hundred day moving average of $47.85. The company has a market capitalization of $9.86 billion, a PE ratio of -4.60 and a beta of 0.48. Molson Coors Beverage has a 1 year low of $42.94 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42.

Molson Coors Beverage (NYSE:TAP) last posted its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations 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 business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts expect that Molson Coors Beverage will post 6.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of Molson Coors Beverage during the 3rd quarter valued at approximately $25,000. GoalVest Advisory LLC acquired a new position in Molson Coors Beverage during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. grew its position in shares of Molson Coors Beverage by 84.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock valued at $25,000 after purchasing an additional 244 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of Molson Coors Beverage during the 4th quarter worth approximately $26,000. Finally, Clearstead Trust LLC lifted its stake in Molson Coors Beverage by 952.8% in the 2nd quarter. Clearstead Trust LLC now owns 558 shares of the company’s stock valued at $27,000 after buying an additional 505 shares in the last quarter. 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.