Molson Coors Beverage Company (NYSE:TAP) Stock Has Consensus Price Target of $44.06

Shares of Molson Coors Beverage Company (NYSE:TAP) have earned an average rating of “Hold” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $44.06.

A number of equities analysts have recently weighed in on TAP shares. Deutsche Bank Aktiengesellschaft set a $41.00 price target on Molson Coors Beverage in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Molson Coors Beverage in a research note on Friday, August 7th. UBS Group upped their target price on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group decreased their price target on shares of Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th.

Institutional Trading of Molson Coors Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of TAP. Dimensional Fund Advisors LP boosted its stake in 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 worth $360,117,000 after buying an additional 790,314 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Molson Coors Beverage by 16.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,326,427 shares of the company’s stock valued at $143,236,000 after acquiring an additional 469,607 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Molson Coors Beverage by 265.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,922,022 shares of the company’s stock worth $136,400,000 after acquiring an additional 2,122,085 shares during the period. Norges Bank purchased a new position in shares of Molson Coors Beverage during the 4th quarter worth about $125,755,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Molson Coors Beverage by 152.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,531,145 shares of the company’s stock worth $118,154,000 after acquiring an additional 1,528,004 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $36.28 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $6.80 billion, a P/E ratio of -3.14 and a beta of 0.42. The firm has a 50-day moving average price of $40.52 and a two-hundred day moving average price of $41.21. Molson Coors Beverage has a twelve month low of $35.52 and a twelve month high of $54.82.

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 business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The company’s quarterly revenue 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, research analysts expect that Molson Coors Beverage will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 28th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.92 annualized dividend and a dividend yield of 5.3%. Molson Coors Beverage’s dividend payout ratio is presently -16.64%.

About Molson Coors Beverage

Molson Coors Beverage Company is a global brewer headquartered in Golden, Colorado, and Montreal, Canada. The company produces, markets and distributes beer and other alcoholic beverages through operations in North America, Europe and other international markets.

Its portfolio includes well-known brands such as Coors, Miller, Molson, Carling, Blue Moon, Leinenkugel’s, Peroni Nastro Azzurro, Staropramen and Cobra. Molson Coors also offers a range of flavored alcoholic beverages, hard seltzers and other beverages designed to serve changing consumer preferences.

The company traces its history to the founding of Molson Brewery in Montreal in 1786 and the establishment of Coors Brewing Company in Colorado in 1873.