Molson Coors Beverage (NYSE:TAP) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Molson Coors Beverage (NYSE:TAP) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other brokerages have also weighed in on TAP. BNP Paribas Exane lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 price objective for the company. in a report on Friday, January 16th. Wells Fargo & Company reduced their target price on shares of Molson Coors Beverage from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Jefferies Financial Group set a $45.00 price target on shares of Molson Coors Beverage in a research note on Thursday, February 19th. Barclays boosted their price target on Molson Coors Beverage from $40.00 to $43.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Needham & Company LLC lowered their price target on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.47.

Molson Coors Beverage Trading Up 0.5%

TAP stock traded up $0.24 during mid-day trading on Monday, reaching $43.90. 159,855 shares of the stock traded hands, compared to its average volume of 3,007,033. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.42 and a current ratio of 0.55. Molson Coors Beverage has a one year low of $41.04 and a one year high of $60.84. The stock has a market capitalization of $8.25 billion, a PE ratio of -4.04 and a beta of 0.50. The business has a 50-day moving average price of $46.50 and a two-hundred day moving average price of $46.65.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.04. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Equities research analysts expect that Molson Coors Beverage will post 6.35 EPS for the current year.

Molson Coors Beverage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.4%. This is a boost from Molson Coors Beverage’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, March 6th. Molson Coors Beverage’s payout ratio is currently -17.70%.

Insider Activity at Molson Coors Beverage

In other news, Director Andrew Thomas Molson purchased 2,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of $46.67 per share, with a total value of $93,340.00. Following the completion of the transaction, the director owned 24,654 shares in the company, valued at $1,150,602.18. This represents a 8.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.27% of the company’s stock.

Institutional Trading of Molson Coors Beverage

Several hedge funds have recently modified their holdings of TAP. Dodge & Cox lifted its position in shares of Molson Coors Beverage by 29.4% during the third quarter. Dodge & Cox now owns 18,631,224 shares of the company’s stock valued at $843,063,000 after buying an additional 4,235,029 shares during the last quarter. Norges Bank purchased a new stake in shares of Molson Coors Beverage during the fourth quarter valued at about $125,755,000. Goldman Sachs Group Inc. lifted its position in shares of Molson Coors Beverage by 265.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock valued at $136,400,000 after buying an additional 2,122,085 shares during the last quarter. State Street Corp lifted its position in shares of Molson Coors Beverage by 19.2% during the third quarter. State Street Corp now owns 10,516,810 shares of the company’s stock valued at $475,886,000 after buying an additional 1,693,682 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Molson Coors Beverage by 317.9% during the second quarter. Royal London Asset Management Ltd. now owns 2,044,028 shares of the company’s stock valued at $98,297,000 after buying an additional 1,554,851 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

About Molson Coors Beverage

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.