Molson Coors Beverage (NYSE:TAP) Stock Gets Downgrade from Zacks Research

Molson Coors Beverage (NYSE:TAP) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

A number of other equities analysts have also weighed in on TAP. JPMorgan Chase & Co. boosted their price objective on shares of Molson Coors Beverage from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a report on Wednesday, July 22nd. BNP Paribas Exane lowered their price target on Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a report on Friday, September 18th. TD Cowen dropped their target price on Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 13th. Finally, UBS Group raised their price objective on shares of Molson Coors Beverage from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Molson Coors Beverage has a consensus rating of “Reduce” and an average price target of $43.12.

Molson Coors Beverage Stock Up 2.3%

Shares of NYSE:TAP opened at $40.25 on Monday. The firm has a market capitalization of $8.43 billion, a P/E ratio of -3.49 and a beta of 0.43. The stock has a 50 day moving average price of $39.24 and a 200-day moving average price of $40.68. Molson Coors Beverage has a 52-week low of $35.52 and a 52-week high of $54.82. 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 (NYSE:TAP) last released its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share for the quarter, topping 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 firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the firm earned $2.05 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities research analysts anticipate that Molson Coors Beverage will post 4.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Molson Coors Beverage

A number of institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC purchased a new position in shares of Molson Coors Beverage during the third quarter valued at $245,000. TD Waterhouse Canada Inc. increased its holdings in shares of Molson Coors Beverage by 4.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 8,113 shares of the company’s stock valued at $301,000 after acquiring an additional 362 shares during the period. Howard Capital Management LLC lifted its stake in shares of Molson Coors Beverage by 459.5% during the 3rd quarter. Howard Capital Management LLC now owns 148,958 shares of the company’s stock worth $5,432,000 after purchasing an additional 122,334 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Molson Coors Beverage by 17.0% in the third quarter. State of Alaska Department of Revenue now owns 76,923 shares of the company’s stock valued at $2,804,000 after purchasing an additional 11,190 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in Molson Coors Beverage by 18.9% in the third quarter. Mather Group LLC. now owns 22,544 shares of the company’s stock worth $822,000 after purchasing an additional 3,588 shares in the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

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.