Molson Coors Beverage (NYSE:TAP) Stock Rating Cut to Strong Sell at Wells Fargo & Company

Wells Fargo & Company cut shares of Molson Coors Beverage (NYSE:TAP) from an equal weight rating to a strong sell rating in a report issued on Friday, Marketbeat reports. They currently have $36.00 target price on the stock, down from their previous target price of $38.00.

A number of other equities research analysts have also issued reports on the company. BNP Paribas Exane cut their target price on Molson Coors Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research report on Friday, September 18th. TD Cowen decreased their price target on Molson Coors Beverage from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, September 21st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Molson Coors Beverage in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on Molson Coors Beverage from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, October 26th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $42.65.

Molson Coors Beverage Price Performance

Shares of NYSE TAP traded down $1.97 during trading on Friday, hitting $40.26. The company had a trading volume of 4,610,956 shares, compared to its average volume of 3,086,604. The company has a market cap of $8.44 billion, a P/E ratio of 8.57 and a beta of 0.45. Molson Coors Beverage has a 52 week low of $35.52 and a 52 week high of $54.82. The business’s 50-day moving average is $38.95 and its 200 day moving average is $42.31. 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 announced its quarterly earnings data on Thursday, November 5th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.94 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS. Equities research analysts predict that Molson Coors Beverage will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of Molson Coors Beverage

Several large investors have recently added to or reduced their stakes in TAP. Jacobi Capital Management LLC bought a new position in shares of Molson Coors Beverage during the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. increased its position in Molson Coors Beverage by 84.7% during the third 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 last quarter. CX Institutional increased its position in Molson Coors Beverage by 496.8% during the second quarter. CX Institutional now owns 1,325 shares of the company’s stock worth $52,000 after buying an additional 1,103 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Molson Coors Beverage by 39.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,540 shares of the company’s stock worth $66,000 after buying an additional 436 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Molson Coors Beverage during the third quarter valued at about $86,000. 78.46% of the stock is owned by institutional investors.

Molson Coors Beverage News Summary

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

• Positive Sentiment: Needham & Company maintained a “buy” rating, despite lowering its price target from $50 to $46. The revised target still implies potential upside from the reference price. Needham analyst recommendations
• Neutral Sentiment: Piper Sandler cut its target from $44 to $43 and kept a “neutral” rating, signaling limited conviction in a near-term recovery. Piper Sandler analyst recommendations
• Negative Sentiment: Wells Fargo downgraded TAP from “equal weight” to “underweight” and lowered its target to $36 from $38, citing sales pressure and greater inflation risks extending into 2027. Wells Fargo analyst recommendations Wells Fargo sales and inflation outlook
• Negative Sentiment: Third-quarter revenue was about $2.93 billion, below estimates and down 1.6% year over year. EPS of $1.46 was lower than the $1.67 reported a year earlier and narrowly missed some estimates, though it topped other consensus figures. Weak demand and cost inflation are squeezing results. Q3 earnings and cost inflation
• Negative Sentiment: Molson Coors cut its 2026 sales and earnings outlook and expects soft beer demand to persist, raising concerns about continued revenue and profit pressure. Molson Coors cuts outlook

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.