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Monday, June 5, 2023

Analyst Expects Molson Coors Beverage Company (NYSE: TAP) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Molson Coors Beverage Company (TAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.25, or 0.41%, to $60.98. The Molson Coors Beverage Company has recorded 50,481 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Molson Coors Beverage Company Announces Regular Quarterly Dividend.

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Stocks Info

As a NYSE listed company, TAP falls under the Consumer Defensive sector while operating within the Beverages – Brewers industry segment. At the end of the last regular session, the stock closed at $60.73 and fluctuated between $61.10 as its day high and $60.03 as its day low. The current market capitalization of Molson Coors Beverage Company is $12.19B. A total of 1.96 million shares were traded on the day, compared to an average of 2.08M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TAP has seen 10 BUY and 6 SELL insider trades, representing the acquisition of 70,683 and the disposition of 14,622 shares. Over the last 12 months, there were 23 BUYs and 8 SELLs from insiders. Insiders purchased 76,530 shares during that period but sold 21,531.

In the most recent transaction, Winnefeld James A Jr bought 200 shares of TAP for 53.45 per share on Aug 03. After the transaction, the Director now owns 13,226 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. TAP’s most recent ex-dividend date was 6/1/2023 when it declared a $0.41 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/17/2023 with an ex-dividend date of 3/2/2023. The TAP stock dividend was $0.41 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TAP in the last 3 months, the mean price target is $63.19 with high estimates of $75.00 and low estimates of $50.00. In terms of 52-week highs and lows, TAP has a high of $66.67 and a low of $46.69.

As of this writing, TAP has an earnings estimate of $1.39 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.56 per share and a lower estimate of $1.15. The company reported an EPS of $1.3 in the last quarter, which was 21.50% higher than expectations of $1.07.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TAP’s latest balance sheet shows that the firm has $637.40M in Cash & Short Term Investments as of fiscal 2021. There were $7.16B in debt and $3.62B in liabilities at the time. Its Book Value Per Share was $58.64, while its Total Shareholder’s Equity was $13.66B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TAP is Buy with a score of 3.08.

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