Molson Coors Beverage Company (NYSE: TAP) is -1.39% 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 $60.47 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $60.36, the stock is 2.61% and 6.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing -0.18% at the moment leaves the stock 5.11% off its SMA200. TAP registered 0.60% gain for a year compared to 6-month gain of 12.82%. The firm has a 50-day simple moving average (SMA 50) of $56.8332 and a 200-day simple moving average (SMA200) of $57.42375.
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The stock witnessed a 7.59% loss in the last 1 month and extending the period to 3 months gives it a 12.03%, and is -3.30% 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 1.57% over the week and 2.61% over the month.
Molson Coors Beverage Company (TAP) has around 16500 employees, a market worth around $12.41B and $11.68B in sales. Current P/E ratio is 13.62 and Fwd P/E is 10.15. Profit margin for the company is 8.03%. Distance from 52-week low is 22.71% and -12.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.76%).
with sales reaching $2.71B over the same period.The EPS is expected to grow by 6.73% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to shrink -2.78% in year-over-year returns.
Molson Coors Beverage Company (TAP) Top Institutional Holders
963.0 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 98.59% of the company’s shares. The shares outstanding are 198.60M, and float is at 170.11M with Short Float at 4.26%. Institutions hold 87.00% 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.
