Molson Coors Beverage Company (NYSE:TAP) Stock Has Consensus Price Target of $43.12

Molson Coors Beverage Company (NYSE:TAP) has been assigned an average rating of “Reduce” from the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.12.

A number of research analysts have recently issued reports on TAP shares. Wells Fargo & Company lowered their price target on Molson Coors Beverage from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on Molson Coors Beverage in a research report on Wednesday, July 22nd. UBS Group increased their price target on Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Citigroup reduced 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 report on Wednesday, October 14th. Finally, Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th.

Hedge Funds Weigh In On Molson Coors Beverage

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

Molson Coors Beverage Stock Performance

Molson Coors Beverage stock opened at $41.19 on Wednesday. The stock’s 50 day simple moving average is $39.16 and its two-hundred day simple moving average is $40.61. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of -3.57 and a beta of 0.43. 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 has a fifty-two week low of $35.52 and a fifty-two week high of $54.82.

Molson Coors Beverage (NYSE:TAP) last announced its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The business’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. As a group, analysts expect that Molson Coors Beverage will post 4.78 earnings per share for the current fiscal year.

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.