Molson Coors Beverage Company (NYSE: TAP) is 5.82% higher on its value in year-to-date trading and has touched a low of $54.17 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 $66.34 in the last trading session, with the day’s loss setting it -1.57%.
Currently trading at $64.77, the stock is -3.84% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing -2.37% at the moment leaves the stock 2.60% off its SMA200. TAP registered 15.19% gain for a year compared to 6-month gain of 11.56%.
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The stock witnessed a -1.76% loss in the last 1 month and extending the period to 3 months gives it a 2.48%, and is -2.79% down 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 2.52% over the week and 1.70% over the month.
Molson Coors Beverage Company (TAP) has around 16500 employees, a market worth around $13.77B and $11.70B in sales. Current P/E ratio is 14.85 and Fwd P/E is 10.85. Profit margin for the company is 8.11%. Distance from 52-week low is 19.57% and -8.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.08%).
The EPS is expected to grow by 4.38% this year.
Molson Coors Beverage Company (TAP) Top Institutional Holders
The shares outstanding are 198.60M, and float is at 190.00M with Short Float at 4.76%.
Molson Coors Beverage Company (TAP) Insider Activity
The most recent transaction is an insider sale by Joubert Tracey,the company’sChief Financial Officer. SEC filings show that Joubert Tracey sold 2,771 shares of the company’s common stock on Feb 12 ’24 at a price of $60.37 per share for a total of $0.17 million. Following the sale, the insider now owns 60538.0 shares.
Molson Coors Beverage Company disclosed in a document filed with the SEC on Nov 03 ’23 that Winnefeld James A Jr (Director) bought a total of 100 shares of the company’s common stock. The trade occurred on Nov 03 ’23 and was made at $59.02 per share for $5902.0. Following the transaction, the insider now directly holds 16093.0 shares of the TAP stock.
Still, SEC filings show that on Aug 03 ’23, Winnefeld James A Jr (Director) acquired 100 shares at an average price of $67.08 for $6708.0. The insider now directly holds 15,993 shares of Molson Coors Beverage Company (TAP).
