Molson Coors Beverage Company which can be found using ticker (TAP) now have 17 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 68 and 47 calculating the average target price we see $54.62. Given that the stocks previous close was at $49.56 and the analysts are correct then there would likely be a percentage uptick in value of 10.2%. The day 50 moving average is $51.97 while the 200 day moving average is $52.52. The market cap for the company is $11,010m. Company Website: https://www.molsoncoors.com
The potential market cap would be $12,134m 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 3.22% with the ex dividend date set at 2-3-2023 (DMY).
