Free Trial

Molson Coors Beverage (TAP) Stock Price, News & Analysis

$55.53
-0.80 (-1.42%)
(As of 10/3/2024 ET)

About Molson Coors Beverage Stock (NYSE:TAP)

Key Stats

Today's Range
$55.05
$56.22
50-Day Range
$51.13
$57.52
52-Week Range
$49.19
$69.18
Volume
1.38 million shs
Average Volume
1.96 million shs
Market Capitalization
$11.77 billion
P/E Ratio
11.11
Dividend Yield
3.17%
Price Target
$60.53
Consensus Rating
Hold

Company Overview

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. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

Molson Coors Beverage Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

TAP MarketRank™: 

Molson Coors Beverage scored higher than 77% of companies evaluated by MarketBeat, and ranked 53rd out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Molson Coors Beverage has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 9 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    Molson Coors Beverage has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Molson Coors Beverage's stock forecast and price target.
  • Earnings Growth

    Earnings for Molson Coors Beverage are expected to grow by 1.91% in the coming year, from $5.75 to $5.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Molson Coors Beverage is 11.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.36.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Molson Coors Beverage is 11.11, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.23.

  • Price to Earnings Growth Ratio

    Molson Coors Beverage has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Molson Coors Beverage has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Molson Coors Beverage's valuation and earnings.
  • Percentage of Shares Shorted

    5.06% of the float of Molson Coors Beverage has been sold short.
  • Short Interest Ratio / Days to Cover

    Molson Coors Beverage has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Molson Coors Beverage has recently increased by 0.47%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Molson Coors Beverage pays a meaningful dividend of 3.18%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Molson Coors Beverage does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Molson Coors Beverage is 35.20%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Molson Coors Beverage will have a dividend payout ratio of 30.03% next year. This indicates that Molson Coors Beverage will be able to sustain or increase its dividend.

  • Read more about Molson Coors Beverage's dividend.
  • Percentage of Shares Shorted

    5.06% of the float of Molson Coors Beverage has been sold short.
  • Short Interest Ratio / Days to Cover

    Molson Coors Beverage has a short interest ratio ("days to cover") of 4.3.
  • Change versus previous month

    Short interest in Molson Coors Beverage has recently increased by 0.47%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Molson Coors Beverage has a news sentiment score of 1.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Molson Coors Beverage this week, compared to 7 articles on an average week.
  • Search Interest

    11 people have searched for TAP on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Molson Coors Beverage to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Molson Coors Beverage insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.71% of the stock of Molson Coors Beverage is held by insiders.

  • Percentage Held by Institutions

    78.46% of the stock of Molson Coors Beverage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Molson Coors Beverage's insider trading history.

TAP Stock News Headlines

Molson Coors (TAP) Gets a Sell from Barclays
The only candlestick pattern worth a darn
It’s widely known that 80% of daily market action is driven by Wall Street algorithms… Now, most people think of the algorithms are “bad” When in reality, they are neither good nor bad… They are simply programmed to buy and sell certain stocks over and over again… But here is the thing… They are predictable… They typically buy the same stocks at the same levels over and over again…
TAP.A Molson Coors Beverage Company
See More Headlines

TAP Stock Analysis - Frequently Asked Questions

Molson Coors Beverage's stock was trading at $61.21 at the beginning of 2024. Since then, TAP stock has decreased by 9.3% and is now trading at $55.53.
View the best growth stocks for 2024 here
.

Molson Coors Beverage (NYSE:TAP) posted its quarterly earnings results on Tuesday, August, 6th. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.24. The business's revenue for the quarter was down .4% on a year-over-year basis.
Read the conference call transcript
.

The following companies are subsidiaries of Molson Coors Beverage: Alwater Brewery, Clearly Komucha, Starbev Netherlands, 3230600 Nova Scotia Company, CBC Holdco 2 LLC, CBC Holdco 3 Inc., CBC Holdco LLC, and more.

Top institutional shareholders of Molson Coors Beverage include Alpha Omega Wealth Management LLC (0.03%), Czech National Bank (0.02%), SG Americas Securities LLC (0.01%) and Doliver Advisors LP. Insiders that own company stock include Tracey Joubert, Geoffrey E Molson and James A Winnefeld Jr.
View institutional ownership trends
.

Shares of TAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Molson Coors Beverage investors own include AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Bank of America (BAC), Intel (INTC), CVS Health (CVS) and Walt Disney (DIS).

Company Calendar

Last Earnings
8/06/2024
Ex-Dividend for 9/20 Dividend
8/30/2024
Dividend Payable
9/20/2024
Today
10/03/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,500
Year Founded
1786

Price Target and Rating

Average Stock Price Target
$60.53
High Stock Price Target
$77.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
15 Analysts

Profitability

Net Income
$948.90 million
Pretax Margin
10.86%

Debt

Sales & Book Value

Annual Sales
$11.94 billion
Cash Flow
$8.76 per share
Book Value
$62.86 per share

Miscellaneous

Free Float
206,130,000
Market Cap
$11.68 billion
Optionable
Optionable
Beta
0.81

Social Links


This page (NYSE:TAP) was last updated on 10/3/2024 by MarketBeat.com Staff
From Our Partners