Molson Coors Beverage (NYSE:TAP) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Molson Coors Beverage (NYSE:TAP) from a hold rating to a strong sell rating in a report published on Monday,Zacks reports.

Other equities analysts have also recently issued reports about the stock. Barclays decreased their target price on shares of Molson Coors Beverage from $41.00 to $36.00 and set an “underweight” rating for the company in a research note on Friday. BNP Paribas Exane lowered 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. 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. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Molson Coors Beverage in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $43.12.

Molson Coors Beverage Trading Up 2.3%

Shares of NYSE:TAP opened at $40.25 on Monday. Molson Coors Beverage has a 12-month low of $35.52 and a 12-month high of $54.82. The company has a market capitalization of $8.43 billion, a PE ratio of -3.49 and a beta of 0.43. The business has a 50 day moving average of $39.24 and a two-hundred day moving average of $40.68. 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 released its quarterly earnings data on Thursday, August 6th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.51 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, analysts forecast that Molson Coors Beverage will post 4.79 EPS for the current year.

Institutional Trading of Molson Coors Beverage

A number of institutional investors and hedge funds have recently made changes to their positions in TAP. V Square Quantitative Management LLC raised its position in shares of Molson Coors Beverage by 5.4% during the 1st quarter. V Square Quantitative Management LLC now owns 6,373 shares of the company’s stock worth $274,000 after purchasing an additional 327 shares during the last quarter. Procyon Advisors LLC lifted its stake in Molson Coors Beverage by 4.9% in the 1st quarter. Procyon Advisors LLC now owns 7,730 shares of the company’s stock valued at $333,000 after buying an additional 358 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in 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 buying an additional 362 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Molson Coors Beverage by 7.6% in the 1st quarter. Apollon Wealth Management LLC now owns 5,564 shares of the company’s stock valued at $240,000 after buying an additional 393 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Molson Coors Beverage by 5.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 9,199 shares of the company’s stock worth $393,000 after buying an additional 436 shares during the last quarter. 78.46% of the stock is currently 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.