Molson Coors Beverage (NYSE:TAP) Sets New 52-Week Low Following Analyst Downgrade

Molson Coors Beverage Company (NYSE:TAP)’s stock price reached a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from $43.00 to $41.00. Barclays currently has an underweight rating on the stock. Molson Coors Beverage traded as low as $40.97 and last traded at $40.90, with a volume of 2122717 shares. The stock had previously closed at $42.14.

Several other research analysts have also recently issued reports on TAP. Morgan Stanley increased their price objective on Molson Coors Beverage from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. The Goldman Sachs Group upped their target price on Molson Coors Beverage from $48.00 to $50.00 in a report on Friday. UBS Group lowered their target price on Molson Coors Beverage from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price on shares of Molson Coors Beverage in a report on Friday. Finally, Bank of America lowered Molson Coors Beverage from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $42.00 in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.71.

Insider Activity at Molson Coors Beverage

In related news, Director Andrew Thomas Molson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average price of $46.67 per share, with a total value of $93,340.00. Following the completion of the purchase, the director directly owned 24,654 shares in the company, valued at approximately $1,150,602.18. The trade was a 8.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Molson Coors Beverage

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock worth $49,000 after buying an additional 198 shares during the period. UMB Bank n.a. lifted its position in Molson Coors Beverage by 16.5% during the fourth quarter. UMB Bank n.a. now owns 1,467 shares of the company’s stock worth $68,000 after buying an additional 208 shares during the period. New York Life Investment Management LLC lifted its position in Molson Coors Beverage by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 22,904 shares of the company’s stock worth $1,069,000 after buying an additional 210 shares during the period. Smartleaf Asset Management LLC lifted its position in Molson Coors Beverage by 64.2% during the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after buying an additional 221 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after buying an additional 244 shares during the period. 78.46% of the stock is currently owned by hedge funds and other institutional investors.

Molson Coors Beverage Price Performance

The company has a 50-day moving average of $44.46 and a two-hundred day moving average of $46.42. The stock has a market capitalization of $7.65 billion, a PE ratio of -3.82 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.38.

Molson Coors Beverage (NYSE:TAP) last released its earnings results on Thursday, April 30th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.26. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.33 billion. Molson Coors Beverage had a positive return on equity of 9.79% and a negative net margin of 16.14%.The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Sell-side analysts predict that Molson Coors Beverage Company will post 4.72 EPS for the current fiscal year.

Molson Coors Beverage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a $0.48 dividend. This is a positive change from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, March 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.7%. Molson Coors Beverage’s dividend payout ratio (DPR) is -18.05%.

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.