Molson Coors Beverage Company (NYSE:TAP) Given Consensus Rating of “Hold” by Brokerages

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

TAP has been the subject of a number of recent analyst reports. BNP Paribas Exane decreased their target price on Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating for the company in a research report on Wednesday, June 3rd. Piper Sandler dropped their price target on shares of Molson Coors Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Jefferies Financial Group reduced their price objective on shares of Molson Coors Beverage from $43.00 to $41.00 in a research note on Friday, June 12th. Citigroup decreased their price objective on shares of Molson Coors Beverage from $47.00 to $42.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research note on Wednesday, June 24th.

Hedge Funds Weigh In On Molson Coors Beverage

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in shares of Molson Coors Beverage by 84.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 534 shares of the company’s stock worth $25,000 after buying an additional 244 shares in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Molson Coors Beverage in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Molson Coors Beverage by 64.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 565 shares of the company’s stock worth $27,000 after acquiring an additional 221 shares in the last quarter. Larson Financial Group LLC grew its position in Molson Coors Beverage by 551.1% during the 4th quarter. Larson Financial Group LLC now owns 612 shares of the company’s stock worth $29,000 after acquiring an additional 518 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in Molson Coors Beverage by 223.0% during the 4th quarter. Clearstead Advisors LLC now owns 659 shares of the company’s stock worth $31,000 after acquiring an additional 455 shares during the last quarter. 78.46% of the stock is currently owned by institutional investors.

Molson Coors Beverage Stock Performance

Shares of TAP stock opened at $40.56 on Tuesday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of -3.51 and a beta of 0.42. Molson Coors Beverage has a 1-year low of $38.04 and a 1-year high of $54.82. 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 stock’s fifty day simple moving average is $41.04 and its 200-day simple moving average is $42.30.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, sell-side analysts predict that Molson Coors Beverage will post 4.81 earnings per share for the current fiscal year.

Molson Coors Beverage Announces Dividend

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

Molson Coors Beverage Company Profile

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.