Molson Coors Beverage Company (NYSE:TAP) Receives $51.35 Average PT from Analysts

Molson Coors Beverage Company (NYSE:TAP) has received a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.3471.

A number of research firms have recently weighed in on TAP. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, December 29th. Piper Sandler lowered their price objective on shares of 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. Wells Fargo & Company dropped their price objective on shares of Molson Coors Beverage from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Barclays restated an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a research report on Friday, January 16th. Finally, Jefferies Financial Group set a $45.00 target price on shares of Molson Coors Beverage in a research note on Thursday, February 19th.

Insiders Place Their Bets

In other news, Director Andrew Thomas Molson bought 2,000 shares of the stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $46.67 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Large investors have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its stake in shares of Molson Coors Beverage by 27.6% during the fourth quarter. Corient Private Wealth LLC now owns 110,700 shares of the company’s stock valued at $5,168,000 after purchasing an additional 23,953 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Molson Coors Beverage by 254.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,580 shares of the company’s stock valued at $214,000 after buying an additional 3,287 shares during the period. Pacer Advisors Inc. raised its holdings in Molson Coors Beverage by 3,664.4% in the 4th quarter. Pacer Advisors Inc. now owns 908,166 shares of the company’s stock valued at $42,393,000 after buying an additional 884,041 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Molson Coors Beverage in the 4th quarter valued at approximately $229,000. Finally, Virtu Financial LLC acquired a new stake in Molson Coors Beverage during the 4th quarter worth approximately $958,000. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Price Performance

Molson Coors Beverage stock opened at $43.62 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. Molson Coors Beverage has a 52 week low of $42.94 and a 52 week high of $63.50. The stock has a market capitalization of $8.20 billion, a P/E ratio of -4.02 and a beta of 0.49. The stock has a fifty day moving average of $48.91 and a 200-day moving average of $47.44.

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

Molson Coors Beverage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.48 per share. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.92 annualized dividend and a dividend yield of 4.4%. Molson Coors Beverage’s dividend payout ratio (DPR) is -17.70%.

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.