Molson Coors Beverage (NYSE:TAP) Given New $43.00 Price Target at Piper Sandler

Molson Coors Beverage (NYSE:TAP) had its target price cut by Piper Sandler from $44.00 to $43.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on TAP. UBS Group lifted their price target on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Molson Coors Beverage in a report on Friday, August 7th. BNP Paribas Exane decreased their price objective on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a research report on Friday, September 18th. Wells Fargo & Company downgraded Molson Coors Beverage from an “equal weight” rating to a “strong sell” rating and lowered their target price for the company from $38.00 to $36.00 in a research note on Friday. Finally, Barclays lowered their target price on Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating for the company in a research note on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $42.65.

Molson Coors Beverage Stock Down 4.7%

NYSE TAP traded down $1.97 on Friday, reaching $40.26. The company had a trading volume of 4,610,956 shares, compared to its average volume of 3,086,604. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.72. Molson Coors Beverage has a 1 year low of $35.52 and a 1 year high of $54.82. The firm has a 50-day moving average of $38.95 and a 200-day moving average of $42.31. The firm has a market capitalization of $8.44 billion, a PE ratio of 8.57 and a beta of 0.45.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Molson Coors Beverage will post 4.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors have recently modified their holdings of the stock. McKinney Capital Management LLC grew its stake in Molson Coors Beverage by 19.3% in the third quarter. McKinney Capital Management LLC now owns 25,873 shares of the company’s stock worth $944,000 after purchasing an additional 4,182 shares in the last quarter. Aberdeen Group plc increased its holdings in Molson Coors Beverage by 143.1% in the third quarter. Aberdeen Group plc now owns 24,990 shares of the company’s stock valued at $911,000 after buying an additional 14,709 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Molson Coors Beverage by 4.9% in the third quarter. William Blair Investment Management LLC now owns 8,009 shares of the company’s stock valued at $292,000 after buying an additional 375 shares during the last quarter. Fifth Third Bancorp raised its stake in Molson Coors Beverage by 29.6% during the third quarter. Fifth Third Bancorp now owns 70,902 shares of the company’s stock valued at $2,586,000 after buying an additional 16,179 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Molson Coors Beverage by 444.1% during the third quarter. Maryland State Retirement & Pension System now owns 43,456 shares of the company’s stock valued at $1,585,000 after buying an additional 35,469 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.

Molson Coors Beverage News Roundup

Here are the key news stories impacting Molson Coors Beverage this week:

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

Molson Coors Beverage Company Profile

Molson Coors Beverage Company is a global beverage company best known for brewing and marketing beer. Its portfolio includes widely recognized brands such as Coors, Coors Light, Miller Lite, Miller High Life, Molson Canadian, Carling, Blue Moon, Staropramen and Peroni Nastro Azzurro, along with hard seltzers, flavored alcoholic beverages and other adjacent products.

The company serves consumers through a broad network of breweries, distributors and retailers across North America, Europe and other international markets.