Molson Coors Beverage (NYSE:TAP) Price Target Cut to $45.00 by Analysts at Wells Fargo & Company

Molson Coors Beverage (NYSE:TAP) had its target price reduced by Wells Fargo & Company from $52.00 to $45.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Molson Coors Beverage from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, March 30th. TD Cowen decreased their target price on Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Needham & Company LLC decreased their target price on Molson Coors Beverage from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Jefferies Financial Group set a $45.00 target price on Molson Coors Beverage in a research report on Thursday, February 19th. Finally, Bank of America lowered Molson Coors Beverage from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $50.00 to $42.00 in a research report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five 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 price target of $47.29.

Molson Coors Beverage Price Performance

TAP opened at $43.91 on Wednesday. The stock has a 50-day moving average price of $46.80 and a 200-day moving average price of $46.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.55 and a quick ratio of 0.42. The firm has a market cap of $8.25 billion, a PE ratio of -4.05 and a beta of 0.50. Molson Coors Beverage has a 1 year low of $41.04 and a 1 year high of $61.61.

Molson Coors Beverage (NYSE:TAP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.71 billion. Molson Coors Beverage had a positive return on equity of 9.04% and a negative net margin of 16.41%.Molson Coors Beverage’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. Sell-side analysts predict that Molson Coors Beverage will post 6.35 earnings per share for the current fiscal year.

Molson Coors Beverage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.47. Molson Coors Beverage’s payout ratio is currently -17.70%.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, Director Andrew Thomas Molson purchased 2,000 shares of Molson Coors Beverage stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $46.67 per share, with a total value of $93,340.00. Following the transaction, the director directly owned 24,654 shares of the company’s stock, valued at $1,150,602.18. This trade represents a 8.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Molson Coors Beverage

Hedge funds and other institutional investors have recently made changes to their positions in the business. Polianta Ltd bought a new position in shares of Molson Coors Beverage during the 3rd quarter valued at approximately $1,543,000. Wilsey Asset Management Inc. grew its stake in shares of Molson Coors Beverage by 4.9% during the 3rd quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock valued at $26,754,000 after acquiring an additional 27,819 shares during the period. Invesco Ltd. grew its stake in shares of Molson Coors Beverage by 3.6% during the 3rd quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock valued at $200,482,000 after acquiring an additional 152,859 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Molson Coors Beverage by 182.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 84,290 shares of the company’s stock valued at $4,054,000 after acquiring an additional 54,410 shares during the period. Finally, Capital Management Corp VA grew its stake in shares of Molson Coors Beverage by 38.4% during the 3rd quarter. Capital Management Corp VA now owns 139,657 shares of the company’s stock valued at $6,319,000 after acquiring an additional 38,754 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.

Molson Coors Beverage Company Profile

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.