#3 - Molson Coors (NYSE:TAP)
The Molson Coors Beverage Company (NYSE: TAP) is the home of iconic brands such as Coors/Coors Light, and Miller/Miller Lite. As part of the company’s forward strategy, it plans to take steps to expand its premium beer category.
Molson Coors's market capitalization is nearly 1/10th of Anheuser-Busch. However, TAP stock has been one of the better performing stocks in the category. It's up nearly 2% in 2024 after a strong run since its October 2024 earnings report.
In that report, the company delivered mixed results, beating on the bottom line but coming in slightly light on the top line. The results reflected some softening volume but not in the company’s core power brands, which showed an increase in volume.
Analysts have mixed opinions about TAP stock after earnings. The consensus price of $60.31 suggests a 2% downside. However, Molson Coors has been delivering a solid total return over the last five years of 33.7%, which has been a shining star in a sector that has been under some pressure.
About Molson Coors Beverage
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.
Read More - Current Price
- $60.47
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 8 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $60.31 (0.3% Downside)
