Molson Coors Beverage Company (NYSE: TAP) is -3.02% 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 $55.19 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $55.59, the stock is -4.72% and -6.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing 0.72% at the moment leaves the stock -2.04% off its SMA200. TAP registered -10.77% loss for a year compared to 6-month gain of 10.23%. The firm has a 50-day simple moving average (SMA 50) of $59.159 and a 200-day simple moving average (SMA200) of $56.7462.
The stock witnessed a -9.06% loss in the last 1 month and extending the period to 3 months gives it a 3.00%, and is -3.02% 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 2.51% over the week and 1.87% over the month.
Molson Coors Beverage Company (TAP) has around 16500 employees, a market worth around $11.46B and $11.68B in sales. Current P/E ratio is 12.54 and Fwd P/E is 9.30. Profit margin for the company is 8.03%. Distance from 52-week low is 13.01% and -19.64% from its 52-week high. The company has generated returns on investments over the last 12 months (4.76%).
The EPS is expected to grow by 6.72% this year
960.0 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 98.71% of the company’s shares. The shares outstanding are 194.00M, and float is at 170.23M with Short Float at 5.32%. Institutions hold 87.11% 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.
