Molson Coors Beverage (NYSE:TAP) Updates FY 2025 Earnings Guidance

Molson Coors Beverage (NYSE:TAP) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.360-5.360 for the period, compared to the consensus earnings per share estimate of 5.420. The company issued revenue guidance of $11.2 billion-$11.2 billion, compared to the consensus revenue estimate of $11.3 billion.

Molson Coors Beverage Trading Up 3.0%

Molson Coors Beverage stock traded up $1.33 during trading on Wednesday, reaching $45.00. 916,722 shares of the company were exchanged, compared to its average volume of 2,451,913. Molson Coors Beverage has a 52-week low of $42.94 and a 52-week high of $64.66. The company has a market capitalization of $8.90 billion, a P/E ratio of 8.84, a PEG ratio of 1.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $46.80 and its two-hundred day simple moving average is $50.23.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.05). The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. Molson Coors Beverage had a net margin of 7.81% and a return on equity of 8.61%. Molson Coors Beverage has set its FY 2025 guidance at 5.360-5.360 EPS. On average, equities research analysts expect that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on TAP. Wells Fargo & Company cut their price target on shares of Molson Coors Beverage from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley cut their price target on shares of Molson Coors Beverage from $58.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Evercore ISI cut their price target on shares of Molson Coors Beverage from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday. Sanford C. Bernstein cut their price target on shares of Molson Coors Beverage from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 9th. Finally, Barclays reiterated an “underweight” rating and set a $50.00 price target (up from $49.00) on shares of Molson Coors Beverage in a research note on Friday, September 12th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.93.

Hedge Funds Weigh In On Molson Coors Beverage

Several hedge funds have recently added to or reduced their stakes in TAP. Caxton Associates LLP purchased a new position in Molson Coors Beverage in the first quarter valued at approximately $202,000. United Services Automobile Association purchased a new position in Molson Coors Beverage in the first quarter valued at approximately $215,000. Woodline Partners LP increased its stake in Molson Coors Beverage by 38.7% in the first quarter. Woodline Partners LP now owns 14,546 shares of the company’s stock valued at $885,000 after purchasing an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Molson Coors Beverage by 32.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 800 shares of the company’s stock valued at $49,000 after buying an additional 198 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Molson Coors Beverage by 4.7% in the 2nd quarter. First Trust Advisors LP now owns 413,578 shares of the company’s stock valued at $19,889,000 after purchasing an additional 18,566 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 manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.