Molson Coors Beverage Company (NYSE:TAP) Receives $44.18 Average Target Price from Brokerages

Shares of Molson Coors Beverage Company (NYSE:TAP) have received a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $44.1765.

A number of analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Molson Coors Beverage in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Molson Coors Beverage in a research report on Wednesday, July 22nd. Wall Street Zen downgraded Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, TD Cowen upgraded shares of Molson Coors Beverage to a “hold” rating in a research note on Friday, June 26th.

Molson Coors Beverage Stock Down 0.0%

Shares of Molson Coors Beverage stock opened at $40.56 on Tuesday. The stock has a market capitalization of $7.61 billion, a PE ratio of -3.51 and a beta of 0.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.72 and a current ratio of 0.88. The company has a 50-day simple moving average of $41.02 and a two-hundred day simple moving average of $42.44. Molson Coors Beverage has a 52-week low of $38.04 and a 52-week high of $54.82.

Molson Coors Beverage (NYSE:TAP) last released its quarterly earnings data 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 business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, analysts anticipate that Molson Coors Beverage will post 4.81 EPS for the current fiscal year.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.7%. Molson Coors Beverage’s payout ratio is presently -16.64%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP bought a new stake in shares of Molson Coors Beverage during the 1st quarter valued at $202,000. United Services Automobile Association purchased a new stake in shares of Molson Coors Beverage during the first quarter worth about $215,000. Woodline Partners LP grew its holdings in Molson Coors Beverage by 38.7% during the 1st quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after buying an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Molson Coors Beverage by 32.9% during the first quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Molson Coors Beverage by 4.7% during the second quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock valued at $19,889,000 after buying an additional 18,566 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.

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.