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

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.

Key Stats

• Today's Range: $55.56 to $56.15
• 50-Day Range: $53.25 to $57.52
• 52-Week Range: $49.19 to $69.18
• Volume: 748,738 shs
• Average Volume: 1.91 million shs
• Market Capitalization: $11.86 billion
• P/E Ratio: 10.25
• Dividend Yield: 3.14%
• Price Target: $59.43
• Consensus Rating: Reduce

Molson Coors Beverage Stock Analysis - MarketRank™

Molson Coors Beverage scored higher than 82% of companies evaluated by MarketBeat, and ranked 37th out of 137 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Molson Coors Beverage has received a consensus rating of Reduce. The company's average rating score is 1.93, and is based on 2 buy ratings, 9 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Molson Coors Beverage has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 1.39%

Earnings Growth

Earnings for Molson Coors Beverage are expected to grow by 1.39% in the coming year, from $5.74 to $5.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Molson Coors Beverage is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Molson Coors Beverage is 10.25, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.01.

Price to Earnings Growth Ratio

Molson Coors Beverage has a PEG Ratio of 2.35. 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 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.26% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Molson Coors Beverage has recently decreased by 15.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Molson Coors Beverage pays a meaningful dividend of 3.16%, 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 30.24% next year. This indicates that Molson Coors Beverage will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -2.96

Percentage of Shares Shorted

4.26% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Molson Coors Beverage has recently decreased by 15.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.36

News Sentiment

Molson Coors Beverage has a news sentiment score of 0.36. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Molson Coors Beverage this week, compared to 7 articles on an average week.

Search Interest

Only 4 people have searched for TAP on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

MarketBeat Follows

4 people have added Molson Coors Beverage to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

TAP Stock Analysis - Frequently Asked Questions

How have TAP shares performed this year?

Molson Coors Beverage's stock was trading at $61.21 at the beginning of the year. Since then, TAP shares have decreased by 8.5% and is now trading at $55.98.
View the best growth stocks for 2024 here.

How were Molson Coors Beverage's earnings last quarter?

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

Does Molson Coors Beverage have any subsidiaries?

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 others.

Who are Molson Coors Beverage's major shareholders?

Molson Coors Beverage's top institutional shareholders include Wedge Capital Management L L P NC (0.31%), Raymond James & Associates (0.22%), Allspring Global Investments Holdings LLC (0.19%) and Randolph Co Inc (0.18%). Insiders that own company stock include Tracey Joubert, Geoffrey E Molson and James A Winnefeld Jr.
View institutional ownership trends.

How do I buy shares of Molson Coors Beverage?

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.

What other stocks do shareholders of Molson Coors Beverage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Molson Coors Beverage investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), General Electric (GE), Adobe (ADBE) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/20 Dividend: 8/30/2024
• Dividend Payable: 9/20/2024
• Today: 10/24/2024
• Next Earnings (Confirmed): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Malt beverages
• Sub-Industry: Brewers
• Current Symbol: NYSE:TAP
• CUSIP: 60871R20
• CIK: 24545
• Web: www.molsoncoors.com
• Phone: (303) 279-6565
• Fax: 302-655-5049
• Employees: 16,500
• Year Founded: 1786

Price Target and Rating

• Average Stock Price Target: $59.43
• High Stock Price Target: $75.00
• Low Stock Price Target: $47.00
• Potential Upside/Downside: +6.0%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.93
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.00
• Trailing P/E Ratio: 10.26
• Forward P/E Ratio: 9.76
• P/E Growth: 2.35
• Net Income: $948.90 million
• Net Margins: 8.27%
• Pretax Margin: 10.86%
• Return on Equity: 9.58%
• Return on Assets: 4.82%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 0.95
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $11.94 billion
• Price / Sales: 0.99
• Cash Flow: $9.04 per share
• Price / Cash Flow: 6.20
• Book Value: $62.86 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 211,872,000
• Free Float: 201,570,000
• Market Cap: $11.87 billion
• Optionable: Optionable
• Beta: 0.81