Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Molson Coors Beverage Company (NYSE: TAP) closed at $62.82 down -1.38% from its previous closing price of $63.70. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 1.79 million shares were traded. TAP stock price reached its highest trading level at $63.89 during the session, while it also had its lowest trading level at $62.32.
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 15.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.41.
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 the company, Citigroup on April 24, 2024, Downgraded its rating to Sell and sets its target price to $56 from $66 previously.
On April 09, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $66 to $75.
On March 22, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $69.Piper Sandler initiated its Neutral rating on March 22, 2024, with a $69 target price.
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. On Aug 03 ’23, another insider, Winnefeld James A Jr, who serves as the Director of the company, bought 100 shares for $67.08 each. As a result, the insider paid 6,708 and bolstered with 15,993 shares of the company.
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 13337753600 and an Enterprise Value of 19160862720. As of this moment, Molson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.40, and their Forward P/E ratio for the next fiscal year is 10.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 1.637 whereas that against EBITDA is 8.397.
Stock Price History:
Over the past 52 weeks, TAP has reached a high of $70.90, while it has fallen to a 52-week low of $55.67. The 50-Day Moving Average of the stock is -3.35%, while the 200-Day Moving Average is calculated to be -0.36%.
Shares Statistics:
For the past three months, TAP has traded an average of 1.76M shares per day and 1806350 over the past ten days. A total of 198.60M shares are outstanding, with a floating share count of 190.00M. Insiders hold about 10.63% of the company’s shares, while institutions hold 81.76% stake in the company. Shares short for TAP as of 1713139200 were 9479070 with a Short Ratio of 5.37, compared to 1710460800 on 10032411. Therefore, it implies a Short% of Shares Outstanding of 9479070 and a Short% of Float of 6.34.
Dividends & Splits
According to the company, the forward annual dividend rate for TAP is 1.67, from 1.64 in the trailing year. Against a Trailing Annual Dividend Yield of 0.025745682The stock’s 5-year Average Dividend Yield is 2.65.
