Molson Coors Beverage (NYSE:TAP) Stock Price Target Lowered at JPMorgan Chase & Co.

Molson Coors Beverage (NYSE:TAP) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $42.00 to $41.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.17% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TAP. Zacks Research cut Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Wells Fargo & Company dropped their target price on shares of Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Molson Coors Beverage in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on shares of Molson Coors Beverage in a report on Wednesday, July 22nd. Finally, Barclays decreased their price target on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating on the stock in a research report on Friday, October 16th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Molson Coors Beverage has a consensus rating of “Reduce” and an average price target of $43.06.

Molson Coors Beverage Stock Performance

TAP stock traded down $1.47 during mid-day trading on Monday, reaching $39.74. 821,975 shares of the stock traded hands, compared to its average volume of 3,342,056. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. Molson Coors Beverage has a 52 week low of $35.52 and a 52 week high of $54.82. The business has a 50-day moving average of $39.16 and a two-hundred day moving average of $40.61. The firm has a market capitalization of $8.33 billion, a PE ratio of -3.44 and a beta of 0.43.

Molson Coors Beverage (NYSE:TAP) last issued 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 for the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts predict that Molson Coors Beverage will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Molson Coors Beverage

Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its stake in shares of Molson Coors Beverage by 84.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock valued at $36,000 after buying an additional 455 shares in the last quarter. CX Institutional boosted its position in shares of Molson Coors Beverage by 496.8% during the 2nd quarter. CX Institutional now owns 1,325 shares of the company’s stock valued at $52,000 after acquiring an additional 1,103 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Molson Coors Beverage by 39.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after acquiring an additional 436 shares during the period. Root Financial Partners LLC acquired a new position in Molson Coors Beverage in the third quarter worth about $86,000. Finally, Signaturefd LLC raised its position in Molson Coors Beverage by 71.0% in the third quarter. Signaturefd LLC now owns 2,430 shares of the company’s stock worth $89,000 after purchasing an additional 1,009 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

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.