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In the latest session, Molson Coors Beverage Company (NYSE: TAP) closed at $53.97 down -1.94% from its previous closing price of $55.04. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 1.94 million shares were traded. TAP stock price reached its highest trading level at $54.545 during the session, while it also had its lowest trading level at $53.545.
Ratios:
For a deeper understanding of Molson Coors Beverage Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on Oct-09-24, Reiterated its Hold rating but revised its target price to $56 from $58 previously.
On August 07, 2024, TD Cowen Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $68 to $58.
Barclays Downgraded its Equal Weight to Underweight on July 18, 2024, whereas the target price for the stock was revised from $55 to $47.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 12 ’24 when Joubert Tracey sold 2,771 shares for $60.37 per share. The transaction valued at 167,285 led to the insider holds 60,538 shares of the business.
Winnefeld James A Jr bought 100 shares of TAP for $5,902 on Nov 03 ’23. The Director now owns 16,093 shares after completing the transaction at $59.02 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TAP now has a Market Capitalization of 11190788096 and an Enterprise Value of 17211351040. As of this moment, Molson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.90, and their Forward P/E ratio for the next fiscal year is 9.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.442 whereas that against EBITDA is 6.726.
Stock Price History:
Over the past 52 weeks, TAP has reached a high of $69.18, while it has fallen to a 52-week low of $49.19. The 50-Day Moving Average of the stock is -0.76%, while the 200-Day Moving Average is calculated to be -7.25%.
Shares Statistics:
For the past three months, TAP has traded an average of 1.94M shares per day and 1679790 over the past ten days. A total of 198.60M shares are outstanding, with a floating share count of 169.26M. Insiders hold about 18.31% of the company’s shares, while institutions hold 81.71% stake in the company. Shares short for TAP as of 1726185600 were 8560265 with a Short Ratio of 4.41, compared to 1723680000 on 7787068. Therefore, it implies a Short% of Shares Outstanding of 8560265 and a Short% of Float of 5.92.
Dividends & Splits
According to the company, the forward annual dividend rate for TAP is 1.73, from 1.7 in the trailing year. Against a Trailing Annual Dividend Yield of 0.030886628The stock’s 5-year Average Dividend Yield is 2.65.
