Molson Coors Beverage Company (NYSE:TAP) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Molson Coors Beverage Company (NYSE:TAP) have been assigned a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $44.06.

A number of research firms have issued reports on TAP. JPMorgan Chase & Co. boosted their target price on Molson Coors Beverage from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. UBS Group raised their price target on Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a report on Monday, September 21st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Molson Coors Beverage in a report on Friday, August 7th. Finally, Wells Fargo & Company decreased their price objective on Molson Coors Beverage from $43.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TAP. Norges Bank acquired a new position in Molson Coors Beverage during the 4th quarter worth approximately $125,755,000. Goldman Sachs Group Inc. grew its stake in shares of Molson Coors Beverage by 265.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock worth $136,400,000 after acquiring an additional 2,122,085 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Molson Coors Beverage by 152.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company’s stock valued at $118,154,000 after purchasing an additional 1,528,004 shares during the last quarter. Nykredit A S acquired a new stake in shares of Molson Coors Beverage in the second quarter valued at approximately $58,423,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Molson Coors Beverage by 13,331.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 900,692 shares of the company’s stock worth $42,044,000 after purchasing an additional 893,986 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage Trading Up 1.4%

TAP opened at $36.53 on Friday. The firm’s fifty day moving average is $40.33 and its two-hundred day moving average is $41.10. The firm has a market cap of $6.85 billion, a PE ratio of -3.17 and a beta of 0.42. Molson Coors Beverage has a twelve month low of $35.52 and a twelve month high of $54.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts anticipate that Molson Coors Beverage will post 4.81 EPS for the current year.

Molson Coors Beverage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 5.3%. Molson Coors Beverage’s payout ratio is presently -16.64%.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer that produces, markets and distributes beer and other beverage products. Its portfolio includes well-known brands such as Coors, Miller, Molson, Coors Light, Miller Lite, Blue Moon, Leinenkugel’s, Carling, Staropramen and Peroni Nastro Azzurro, along with a range of craft, premium, flavored and non-alcoholic beverages.

The company serves consumers through retail, hospitality and other distribution channels across North America, Europe and selected international markets.