Molson Coors Beverage (NYSE:TAP) Stock Gets Price Target Reduction from Needham & Company LLC

Molson Coors Beverage (NYSE:TAP) had its price target lowered by stock analysts at Needham & Company LLC from $50.00 to $46.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 13.76% from the stock’s previous close.

TAP has been the subject of several other research reports. Citigroup lowered their target price on shares of Molson Coors Beverage from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. BNP Paribas Exane cut their price target on shares of Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a report on Friday, September 18th. Zacks Research lowered shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. TD Cowen decreased their price objective on shares of Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $42.65.

Molson Coors Beverage Trading Down 4.2%

Shares of NYSE TAP traded down $1.79 during trading hours on Friday, hitting $40.44. 2,495,440 shares of the company traded hands, compared to its average volume of 3,365,721. The company’s 50 day moving average price is $38.98 and its 200 day moving average price is $42.36. Molson Coors Beverage has a 12 month low of $35.52 and a 12 month high of $54.82. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of -3.51 and a beta of 0.45. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.44 by $0.02. Molson Coors Beverage had a negative net margin of 17.83% and a positive return on equity of 9.46%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Molson Coors Beverage’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Molson Coors Beverage will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of Molson Coors Beverage

A number of large investors have recently modified their holdings of the company. Jacobi Capital Management LLC bought a new stake in Molson Coors Beverage during the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. lifted its holdings in shares of Molson Coors Beverage by 84.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 992 shares of the company’s stock worth $36,000 after buying an additional 455 shares during the period. CX Institutional grew its position in shares of Molson Coors Beverage by 496.8% during the 2nd quarter. CX Institutional now owns 1,325 shares of the company’s stock worth $52,000 after buying an additional 1,103 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Molson Coors Beverage by 39.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock valued at $66,000 after buying an additional 436 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Molson Coors Beverage during the third quarter valued at $86,000. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Trending Headlines about Molson Coors Beverage

Here are the key news stories impacting Molson Coors Beverage this week:

• Neutral Sentiment: Third-quarter EPS of $1.46 narrowly beat some consensus estimates, though it was below the year-ago $1.67; revenue of $2.93 billion fell short of estimates and declined 1.6% year over year. Earnings results
• Neutral Sentiment: Piper Sandler lowered its price target from $44 to $43 but maintained a neutral rating. Piper Sandler rating
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings forecasts, citing continued soft beer demand and a difficult economic backdrop. The outlook reset is a key risk for investors. Company cuts outlook
• Negative Sentiment: Rising costs are weighing on results and margins, while Wells Fargo sees sales pressure and increased inflation risks extending into 2027. Wells Fargo outlook
• Negative Sentiment: Wells Fargo downgraded TAP from equal weight to underweight and cut its target from $38 to $36, signaling expectations of further downside. Wells Fargo downgrade

About Molson Coors Beverage

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.