Molson Coors Beverage (NYSE:TAP – Get Rating) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.
Other equities analysts have also issued reports about the stock. Redburn Partners upgraded shares of Molson Coors Beverage from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 13th. UBS Group lifted their price objective on shares of Molson Coors Beverage from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Molson Coors Beverage from $58.00 to $61.00 in a research report on Friday, May 6th. Sanford C. Bernstein lowered shares of Molson Coors Beverage from an “outperform” rating to a “market perform” rating and set a $59.00 target price on the stock. in a research report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Molson Coors Beverage from $54.00 to $52.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.67.
Molson Coors Beverage Stock Performance
NYSE:TAP opened at $54.07 on Thursday. The firm’s fifty day moving average price is $55.19 and its 200 day moving average price is $53.12. Molson Coors Beverage has a 1-year low of $42.46 and a 1-year high of $60.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.82 and a quick ratio of 0.54. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 3.12 and a beta of 0.82.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Win Advisors Inc. raised its stake in shares of Molson Coors Beverage by 51.8% during the 2nd quarter. Win Advisors Inc. now owns 516 shares of the company’s stock worth $29,000 after buying an additional 176 shares during the last quarter. CX Institutional acquired a new position in shares of Molson Coors Beverage during the 2nd quarter worth $33,000. Retirement Planning Co of New England Inc. acquired a new position in shares of Molson Coors Beverage during the 4th quarter worth $28,000. Global Retirement Partners LLC raised its stake in shares of Molson Coors Beverage by 304.9% during the 2nd quarter. Global Retirement Partners LLC now owns 664 shares of the company’s stock worth $36,000 after buying an additional 500 shares during the last quarter. Finally, Tobam acquired a new position in shares of Molson Coors Beverage during the 1st quarter worth $37,000. Institutional investors and hedge funds own 79.62% of the company’s stock.
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, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020.
- Get a free copy of the StockNews.com research report on Molson Coors Beverage (TAP)
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