Molson Coors Beverage (NYSE:TAP) Rating Lowered to “Underperform” at Bank of America

Molson Coors Beverage (NYSE:TAP) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, Marketbeat reports. They currently have a $42.00 price target on the stock, down from their prior price target of $50.00. Bank of America‘s price objective would indicate a potential downside of 15.82% from the stock’s current price.

Several other analysts have also issued reports on TAP. TD Cowen reduced their price objective on shares of Molson Coors Beverage from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, February 20th. UBS Group set a $52.00 price objective on shares of Molson Coors Beverage in a report on Friday. BNP Paribas Exane downgraded shares of Molson Coors Beverage from a “hold” rating to a “strong sell” rating and set a $40.00 target price for the company. in a report on Friday, January 16th. Barclays reissued an “underweight” rating and issued a $49.00 target price on shares of Molson Coors Beverage in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Molson Coors Beverage in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Molson Coors Beverage presently has an average rating of “Hold” and a consensus price target of $51.35.

Molson Coors Beverage Stock Up 0.9%

Shares of TAP opened at $49.89 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.55 and a debt-to-equity ratio of 0.37. Molson Coors Beverage has a 52-week low of $42.94 and a 52-week high of $64.66. The stock has a fifty day simple moving average of $48.97 and a two-hundred day simple moving average of $47.85. The company has a market capitalization of $9.86 billion, a PE ratio of -4.60 and a beta of 0.48.

Molson Coors Beverage (NYSE:TAP) last issued its earnings results on Wednesday, February 18th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.71 billion. Molson Coors Beverage had a negative net margin of 16.41% and a positive return on equity of 9.04%. Molson Coors Beverage’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. As a group, equities analysts forecast that Molson Coors Beverage will post 6.35 EPS for the current year.

Institutional Investors Weigh In On Molson Coors Beverage

Several large investors have recently bought and sold shares of TAP. Polianta Ltd acquired a new position in shares of Molson Coors Beverage during the third quarter worth $1,543,000. JPMorgan Chase & Co. increased its holdings in shares of Molson Coors Beverage by 20.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,036,110 shares of the company’s stock valued at $49,828,000 after acquiring an additional 175,587 shares during the last quarter. Swiss National Bank raised its position in shares of Molson Coors Beverage by 5.5% during the 2nd quarter. Swiss National Bank now owns 537,600 shares of the company’s stock worth $25,853,000 after acquiring an additional 27,900 shares in the last quarter. Wilsey Asset Management Inc. lifted its stake in Molson Coors Beverage by 4.9% during the third quarter. Wilsey Asset Management Inc. now owns 591,259 shares of the company’s stock worth $26,754,000 after purchasing an additional 27,819 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Molson Coors Beverage by 3.6% in the third quarter. Invesco Ltd. now owns 4,430,544 shares of the company’s stock valued at $200,482,000 after purchasing an additional 152,859 shares in the last quarter. Hedge funds and other institutional investors own 78.46% of the company’s stock.

About Molson Coors Beverage

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.