Molson Coors Beverage Company with ticker code (TAP) have now 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 68 and 47 calculating the mean target price we have $55.41. Now with the previous closing price of $57.70 this would imply there is a potential downside of -4.0%. The 50 day MA is $52.91 while the 200 day moving average is $52.59. The company has a market cap of $12,612m. You can visit the company’s website by visiting: https://www.molsoncoors.com
The potential market cap would be $12,112m based on the market consensus.
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel’s, Miller Genuine Draft, Molson Ultra, Sharp’s, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian Lager, Molson Dry, Molson Export, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee’s Best, and Steel Reserve under the economy brands. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is headquartered in Golden, Colorado.
The company has a dividend yield of 2.84% with the ex dividend date set at 2-3-2023 (DMY).
