Molson Coors Beverage (NYSE:TAP) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Molson Coors Beverage Company (NYSE:TAP) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.47 and traded as high as $43.38. Molson Coors Beverage shares last traded at $43.3570, with a volume of 7,098,189 shares.

Wall Street Analyst Weigh In

TAP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a report on Wednesday, July 22nd. Citigroup cut their price target on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Monday, September 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Molson Coors Beverage presently has a consensus rating of “Reduce” and an average target price of $43.06.

Molson Coors Beverage Stock Up 3.3%

The business’s fifty day moving average price is $38.97 and its 200 day moving average price is $42.39. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of -3.75 and a beta of 0.45. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.51 by $0.07. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Molson Coors Beverage’s revenue for the quarter was down 3.3% on a year-over-year basis. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities analysts expect that Molson Coors Beverage Company will post 4.77 EPS for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Molson Coors Beverage by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,363,157 shares of the company’s stock valued at $360,117,000 after purchasing an additional 790,314 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Molson Coors Beverage by 16.4% during the first quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock worth $143,236,000 after buying an additional 469,607 shares in the last quarter. Nykredit A S purchased a new stake in Molson Coors Beverage during the second quarter worth about $58,423,000. Bank of America Corp DE grew its position in Molson Coors Beverage by 36.5% during the first quarter. Bank of America Corp DE now owns 1,187,921 shares of the company’s stock worth $51,152,000 after buying an additional 317,387 shares during the period. Finally, Squarepoint Ops LLC grew its position in Molson Coors Beverage by 8.1% during the second quarter. Squarepoint Ops LLC now owns 1,190,275 shares of the company’s stock worth $46,373,000 after buying an additional 89,398 shares during the period. 78.46% of the stock is owned by hedge funds and other institutional investors.

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.