Molson Coors Beverage Company (NYSE: TAP) is -7.16% lower on its value in year-to-date trading and has touched a low of $49.19 and a high of $69.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TAP stock was last observed hovering at around $55.34 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $56.83, the stock is 3.14% and 5.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 2.69% at the moment leaves the stock -2.77% off its SMA200. TAP registered -8.94% loss for a year compared to 6-month loss of -15.49%. The firm has a 50-day simple moving average (SMA 50) of $54.002 and a 200-day simple moving average (SMA200) of $58.41755.
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The stock witnessed a 6.30% gain in the last 1 month and extending the period to 3 months gives it a 11.80%, and is 4.29% 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 1.80% over the week and 2.43% over the month.
Molson Coors Beverage Company (TAP) has around 16500 employees, a market worth around $11.77B and $11.94B in sales. Current P/E ratio is 10.42 and Fwd P/E is 9.69. Profit margin for the company is 9.79%. Distance from 52-week low is 15.53% and -17.85% from its 52-week high. The company has generated returns on investments over the last 12 months (5.99%).
with sales reaching $3.15B over the same period.The EPS is expected to grow by 5.28% this year, but quarterly earnings will post 0.40% year-over-year. Quarterly sales are estimated to shrink -4.70% in year-over-year returns.
Molson Coors Beverage Company (TAP) Top Institutional Holders
954.0 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 101.95% of the company’s shares. The shares outstanding are 198.60M, and float is at 169.26M with Short Float at 5.06%. Institutions hold 89.91% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.97 million shares valued at $1.12 billion. The investor’s holdings represent 10.3281% of the TAP Shares outstanding. As of 2024-06-30, the second largest holder is DODGE & COX with 14.57 million shares valued at $740.85 million to account for 6.8524 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 14.56 million shares representing 6.8446% and valued at over $740.01 million, while STATE STREET CORP holds 3.8131 of the shares totaling 8.11 million with a market value of $412.31 million.
Molson Coors Beverage Company (TAP) Insider Activity
The most recent transaction is an insider sale by Joubert Tracey, the company’s Chief 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.
