Molson Coors Beverage Company (NYSE: TAP) is 4.01% higher 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 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 $58.76 in the last trading session, with the day’s gains setting it 0.86%.
Currently trading at $59.62, the stock is -1.56% and 4.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 1.46% at the moment leaves the stock 7.00% off its SMA200. TAP registered -9.07% loss for a year compared to 6-month loss of 10.74%. The firm has a 50-day simple moving average (SMA 50) of $57.142 and a 200-day simple moving average (SMA200) of $55.7214.
The stock witnessed a 11.54% gain in the last 1 month and extending the period to 3 months gives it a -3.20%, and is -3.62% 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 3.04% over the week and 2.79% over the month.
Molson Coors Beverage Company (TAP) has around 16800 employees, a market worth around $12.09B and $11.63B in sales. Current P/E ratio is 11.14 and Fwd P/E is 8.89. Profit margin for the company is 9.65%. Distance from 52-week low is 21.20% and -13.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
The EPS is expected to grow by 6.52% this year.
Molson Coors Beverage Company (TAP) Top Institutional Holders
991.0 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 100.98% of the company’s shares. The shares outstanding are 190.70M, and float is at 166.69M with Short Float at 7.18%. Institutions hold 88.83% 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 6.9405 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 Whitehead Philip M, the company’s Pres&CEO, MCBC EMEA&APAC. SEC filings show that Whitehead Philip M sold 3,491 shares of the company’s common stock on Mar 13 ’25 at a price of $59.61 per share for a total of $0.21 million. Following the sale, the insider now owns 9653.0 shares.
