1 week Ago By ABMN Staff
Molson Coors Beverage ( NYSE:TAP – Get Free Report ) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday. TAP has been the subject of a number of other research reports.
JPMorgan Chase & Co. upped their price objective on shares of Molson Coors Beverage from $57.00 to $60.
00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Barclays upped their price target on Molson Coors Beverage from $49.00 to $51.
00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. Wells Fargo & Company upgraded Molson Coors Beverage from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $74.
00 in a report on Friday, November 8th. BNP Paribas assumed coverage on Molson Coors Beverage in a research report on Monday, November 25th. They set a “neutral” rating and a $64.
00 price target on the stock. Finally, Needham & Company LLC initiated coverage on Molson Coors Beverage in a report on Friday, December 6th. They issued a “buy” rating and a $72.
00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.
com, Molson Coors Beverage currently has a consensus rating of “Hold” and a consensus price target of $62.00. View Our Latest Report on Molson Coors Beverage Molson Coors Beverage Price Performance Molson Coors Beverage ( NYSE:TAP – Get Free Report ) last announced its quarterly earnings data on Thursday, November 7th.
The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.
13. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.
13 billion. Molson Coors Beverage had a return on equity of 9.24% and a net margin of 6.
78%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year.
During the same period in the previous year, the business posted $1.92 EPS. Sell-side analysts forecast that Molson Coors Beverage will post 5.
78 EPS for the current fiscal year. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC increased its holdings in Molson Coors Beverage by 66.
9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,542 shares of the company’s stock worth $282,000 after purchasing an additional 2,221 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Molson Coors Beverage by 4.
9% during the second quarter. Commonwealth Equity Services LLC now owns 120,424 shares of the company’s stock worth $6,121,000 after purchasing an additional 5,579 shares during the period. TD Asset Management Inc increased its holdings in Molson Coors Beverage by 8.
0% in the second quarter. TD Asset Management Inc now owns 53,346 shares of the company’s stock valued at $2,712,000 after purchasing an additional 3,936 shares during the period. Impact Partnership Wealth LLC acquired a new position in Molson Coors Beverage during the 2nd quarter worth about $364,000.
Finally, National Bank of Canada FI increased its stake in shares of Molson Coors Beverage by 3.2% in the second quarter. National Bank of Canada FI now owns 243,402 shares of the company’s stock valued at $12,315,000 after buying an additional 7,580 shares during the period.
Institutional investors and hedge funds own 78.46% of the company’s stock. About Molson Coors Beverage ( Get Free Report ) 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 Receive News & Ratings for Molson Coors Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molson Coors Beverage and related companies with MarketBeat.com's FREE daily email newsletter .
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