Molson Coors Beverage Company (NYSE: TAP) is -0.45% lower on its value in year-to-date trading and has touched a low of $49.19 and a high of $64.66 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 $56.70 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $57.06, the stock is -4.03% and -4.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 0.63% at the moment leaves the stock 0.13% off its SMA200. TAP registered -9.17% loss for a year compared to 6-month gain of 1.71%. The firm has a 50-day simple moving average (SMA 50) of $59.908 and a 200-day simple moving average (SMA200) of $56.98635.
The stock witnessed a -5.73% loss in the last 1 month and extending the period to 3 months gives it a 3.93%, and is -3.29% 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 2.28% over the week and 3.23% over the month.
Molson Coors Beverage Company (TAP) has around 16800 employees, a market worth around $11.56B and $11.63B in sales. Current P/E ratio is 10.67 and Fwd P/E is 8.51. Profit margin for the company is 9.65%. Distance from 52-week low is 16.00% and -11.75% 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 6.17% this year.
Molson Coors Beverage Company (TAP) Top Institutional Holders
1019.0 institutions hold shares in Molson Coors Beverage Company (TAP), with institutional investors hold 102.19% of the company’s shares. The shares outstanding are 190.70M, and float is at 166.72M with Short Float at 6.60%. Institutions hold 89.89% 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 10.4609% 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 6.9326% and valued at over $740.01 million, while STATE STREET CORP holds 3.8621 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.
