Molson Coors Beverage (NYSE:TAP) Price Target Raised to $42.00

Molson Coors Beverage (NYSE:TAP) had its price target upped by JPMorgan Chase & Co. from $41.00 to $42.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also weighed in on TAP. TD Cowen upgraded shares of Molson Coors Beverage to a “hold” rating in a research report on Friday, June 26th. Wall Street Zen downgraded shares of Molson Coors Beverage from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Molson Coors Beverage in a research note on Wednesday, July 22nd. BNP Paribas Exane reduced their target price on shares of Molson Coors Beverage from $36.00 to $35.00 and set an “underperform” rating for the company in a report on Wednesday, June 3rd. Finally, Piper Sandler decreased 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. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Molson Coors Beverage currently has an average rating of “Hold” and an average target price of $44.18.

Molson Coors Beverage Trading Down 0.9%

Shares of TAP stock opened at $41.61 on Monday. The stock has a 50-day simple moving average of $40.54 and a 200 day simple moving average of $43.44. Molson Coors Beverage has a fifty-two week low of $38.04 and a fifty-two week high of $54.82. The stock has a market capitalization of $7.80 billion, a P/E ratio of -3.61 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last released its 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. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company earned $2.05 earnings per share. Molson Coors Beverage’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. On average, sell-side analysts expect that Molson Coors Beverage will post 4.83 earnings per share for the current fiscal year.

Molson Coors Beverage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.92 dividend on an annualized basis and a yield of 4.6%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently -16.64%.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $42.50, for a total transaction of $52,912.50. Following the sale, the director owned 9,871 shares in the company, valued at approximately $419,517.50. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TAP. Foster & Motley Inc. acquired a new stake in shares of Molson Coors Beverage during the second quarter valued at approximately $3,080,000. Wedge Capital Management L L P NC boosted its stake in Molson Coors Beverage by 9.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 102,543 shares of the company’s stock worth $3,995,000 after purchasing an additional 8,862 shares during the period. Fulton Bank N.A. grew its position in Molson Coors Beverage by 22.1% during the 2nd quarter. Fulton Bank N.A. now owns 6,027 shares of the company’s stock worth $235,000 after purchasing an additional 1,089 shares in the last quarter. Wilsey Asset Management Inc. grew its position in Molson Coors Beverage by 11.8% during the 2nd quarter. Wilsey Asset Management Inc. now owns 755,639 shares of the company’s stock worth $29,440,000 after purchasing an additional 79,913 shares in the last quarter. Finally, Red Spruce Capital LLC raised its stake in Molson Coors Beverage by 68.0% during the 2nd quarter. Red Spruce Capital LLC now owns 40,036 shares of the company’s stock valued at $1,560,000 after purchasing an additional 16,202 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.

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.