Molson Coors Beverage Company (TAP): These Numbers Show Where NYSE:TAP Stock Is Going Next

Molson Coors Beverage Company (NYSE: TAP) is 1.47% higher on its value in year-to-date trading and has touched a low of $49.32 and a high of $70.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TAP stock was last observed hovering at around $60.23 in the last trading session, with the day’s gains setting it 1.88%.

Currently trading at $62.11, the stock is -0.06% and 0.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.09 million and changing 3.12% at the moment leaves the stock -1.21% off its SMA200. TAP registered 21.26% gain for a year compared to 6-month loss of -3.29%. The firm has a 50-day simple moving average (SMA 50) of $1.63 and a 200-day simple moving average (SMA200) of $13.25.

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The stock witnessed a -2.50% gain in the last 1 month and extending the period to 3 months gives it a 6.75%, and is 1.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 1.84% over the month.

Molson Coors Beverage Company (TAP) has around Nov 30 2023 employees, a market worth around $13.40B and $11.54B in sales. Current P/E ratio is 53.60 and Fwd P/E is 11.19. Profit margin for the company is 2.21%. Distance from 52-week low is 25.93% and -12.40% from its 52-week high. The company has generated returns on investments over the last 12 months (1.36%).

Molson Coors Beverage Company quarterly earnings per share for the current quarter are estimated at $1.12 with sales reaching $2.77B over the same period.The EPS is expected to grow by 30.58% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 5.50% in year-over-year returns.

Molson Coors Beverage Company (TAP) Top Institutional Holders

960 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 98.42% of the company’s shares. The shares outstanding are 200.00M, and float is at 193.07M with Short Float at 3.96%. Institutions hold 87.31% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 21.97 million shares valued at $1.45 billion. The investor’s holdings represent 10.93% of the TAP Shares outstanding. As of Jun 29, 2023, the second largest holder is Dodge & Cox Inc with 18.15 million shares valued at $1.2 billion to account for 9.03% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.7 million shares representing 7.31% and valued at over $967.68 million, while State Street Corporation holds 4.19% of the shares totaling 8.42 million with a market value of $554.23 million.

Molson Coors Beverage Company (TAP) Insider Activity

A total of 5 insider transactions have happened at Molson Coors Beverage Company (TAP) in the last six months, with sales accounting for 0 and purchases happening 5 times. The most recent transaction is an insider purchase by Winnefeld James A Jr,the company’sDirector. SEC filings show that Winnefeld James A Jr bought 100 shares of the company’s common stock on Nov 03 at a price of $59.02 per share for a total of $5902.0. Following the purchase, the insider now owns 16093.0 shares.

Molson Coors Beverage Company disclosed in a document filed with the SEC on Aug 03 that Winnefeld James A Jr (Director) bought a total of 100 shares of the company’s common stock. The trade occurred on Aug 03 and was made at $67.08 per share for $6708.0. Following the transaction, the insider now directly holds 15993.0 shares of the TAP stock.

Still, SEC filings show that on May 25, Molson Geoffrey E. (Board Chair) disposed off 1,840 shares at an average price of $60.62 for $0.11 million. The insider now directly holds 25,904 shares of Molson Coors Beverage Company (TAP).

Molson Coors Beverage Company (TAP): Who are the competitors?

The company’s main competitors (and peers) include Heico Corp. Cl A (HEIA) that is trading 8.74% up over the past 12 months. Constellation Brands Inc. Cl A (STZ) that is 8.11% higher over the same period.