According to Bloomberg Ratings, the thirteen financial professionals following Molson Coors Beverage (NYSE: TAP) have given the stock a consensus rating of “Hold.” Seven financial professionals categorized the company as a hold, while two gave the business a sell recommendation. The brokerage firms that have covered the stock over the previous year have issued an average price objective for the stock of $53.50 per share for the next twelve months. Several analysts from the relevant industry have expressed their opinions on the topic of the company. Bryan, Garnier & Co. lowered their recommendation for Molson Coors Beverage from a “buy” rating to a “sell” rating and set their price objective for the stock at $54.00. In addition, the business currently advises customers to sell their shares. on September 1, within a report of research completed earlier. In a research report published on Tuesday, August 9, Sanford C. Bernstein lowered their price objective on Molson Coors Beverage to $57.00 from their previous level of $60.00.
Due to a research report released on Wednesday, August 3, Deutsche Bank Aktiengesellschaft has lowered the price goal it has established for Molson Coors Beverage from $54.00 to $52.00. This price objective was previously set at $54.00. In a research report distributed on Wednesday, August 3, by Credit Suisse Group, the company was assigned a rating of “underperform,” which means that the company is expected to perform poorly. In addition, the target price of the stock projected by Credit Suisse Group fell from $50.00 to $49.00. In a research note published on Wednesday, August 3, UBS Group boosted their target price on Molson Coors Beverage from $54.00 to $58.00 and assigned the stock a “neutral” rating. The research note was issued. Many institutional investors and hedge funds were involved in recent transactions involving the buying and selling of TAP shares. These transactions have taken place in recent times. During the second quarter of the fiscal year, Win Advisors Inc. boosted the percentage of Molson Coors Beverage stock, which is owned by 51.8%.
After making an additional purchase of 176 shares during the most recent quarter, Win Advisors Inc. now has 516 shares of the company’s stock in its possession. According to the most recent information available on the market, the total worth of Win Advisors Inc.’s stock holdings is $29,000. A new stake in Molson Coors Beverage, estimated to be worth about $31,000, was acquired by Dark Forest Capital Management LP during the second quarter of the fiscal year. CX Institutional was successful in completing the acquisition of a new interest in Molson Coors Beverage during the second quarter. The new investment was estimated to be worth approximately $33,000. During the second quarter, Global Retirement Partners LLC saw an increase in the share of ownership in Molson Coors Beverage, bringing its total share to 304.9%. In the most recent quarter, Global Retirement Partners LLC grew its holdings in the company by purchasing an additional 500 shares of stock at a total cost of $36,000. This brought the total number of shares purchased to 664, increasing the value of those shares to the same amount. The size of Jones Financial Companies LLLP’s investment in Molson Coors Beverage increased by 529.5% during the year’s second quarter. Following acquiring an additional 556 shares during the most recent quarter, Jones Financial Companies LLLP now holds 661 shares of the corporation’s stock in its portfolio.
The stock holdings of Jones Financial Companies LLP have a value of $36,000, according to the market. Individual hedge funds and institutional investors control a combined total of 79.22% of the corporation’s outstanding shares. TAP began trading on Monday at $52.17. The company has a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.14, and a beta value of 0.85. The market capitalization of the company is presently lying at $11.31 billion. The stock price has a moving average for the last 50 days of $55.59, and the price has a moving average for the past 200 days of $54.11. The company’s current ratio is 0.82, its quick ratio is 0.57, and its debt-to-equity ratio is 0.48. All three ratios are positive. In addition to that, the quick ratio for the company is 0.57. Throughout the year, the price of a Molson Coors Beverage can range anywhere from $42.46 to $60.12. Molson Coors Beverage (NYSE: TAP) disclosed its most recent earnings report to the general public on Tuesday, August 2, 2018.
This report was made available to the public for the first time. Earnings per share (EPS) for the quarter reported by the company came in at $1.19, which was exactly in line with what the vast majority of market professionals had anticipated would be the case. The revenues for the company for the quarter came in at $2.92 billion, which is lower than the industry analysts’ consensus prediction of $2.94 billion, which was issued for the period. In the case of Molson Coors Beverage, the return on equity was 6.46 percent, and the company’s net margin was 5.73 percent. The company’s revenue was down by.6% compared to the prior fiscal year. The company reported earnings per share of $1.58 for the same quarter that occurred the year before. According to the forecasts of the vast majority of financial analysts, Molson Coors Beverage is expected to record earnings of 3.91 Canadian dollars per share for the current fiscal year. In addition, the company has declared a quarterly dividend, which will be paid out on September 15 as previously scheduled. On September 2, shareholders of record will be eligible to receive a dividend payment of $0.38 per share. This payment will be made available to them.
On September 1, shareholders will no longer be eligible to receive a dividend payment. This translates into a dividend payment of $1.52 per year and an investment yield of 2.91%. The dividend payout ratio for Molson Coors Beverage comes in at 45.10 percent in this particular instance. The Molson Coors Beverage Company creates, promotes, and sells beer and other malt beverage products under several different brands across multiple continents and oceans, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. These regions include Africa, the Americas, and the Asia Pacific region. It provides a selection of malt beverages, some of which are crafted, while others are ready to drink, and still, others are flavored. The Molson Coors Brewing Company became renamed the Molson Coors Beverage Company in January of 2020, after completing the transition from being known as the Molson Coors Brewing Company.