After Hours
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. After-hours trades for Molson Coors Beverage Company (TAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.29, or 0.46%, to $63.49. The Molson Coors Beverage Company has recorded 46,894 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Molson Coors Beverage Company to Webcast 2023 Fourth Quarter and Full Year Earnings Conference Call.
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Stocks Info
The company is listed on the NYSE and operates within the Beverages – Brewers industry segment. At the end of the last regular session, the stock closed at $63.20 and fluctuated between $64.01 as its day high and $63.12 as its day low. The current market capitalization of Molson Coors Beverage Company is $13.64B. A total of 1.04 million shares were traded on the day, compared to an average of 1.53M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TAP has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 100 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 13 SELLs from insiders. Insiders purchased 124,176 shares during that period but sold 25,806.
In the most recent transaction, Winnefeld James A Jr bought 100 shares of TAP for 59.02 per share on Nov 03. After the transaction, the Director now owns 16,093 company shares. In a previous transaction on Aug 03, Winnefeld James A Jr bought 100 shares at 67.08 per share. TAP shares that Director owns now total 15,993.
Among the insiders who sold shares, Molson Geoffrey E. disposed of 1,840 shares on May 25 at a per-share price of $60.62. This resulted in the Board Chair holding 25,904 shares of TAP after the transaction.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Molson Coors Beverage Company pays an annual dividend of $1.63, resulting in a dividend yield of 2.59%, and it has a price to earnings (P/E) ratio of 54.54. TAP’s most recent ex-dividend date was 11/30/2023 when it declared a $0.41 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The TAP stock dividend was $0.41 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TAP in the last 3 months, the mean price target is $66.78 with high estimates of $77.00 and low estimates of $58.00. In terms of 52-week highs and lows, TAP has a high of $70.90 and a low of $48.49.
As of this writing, TAP has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.21 per share and a lower estimate of $1.09. The company reported an EPS of $1.78 in the last quarter, which was 9.20% higher than expectations of $1.63.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TAP’s latest balance sheet shows that the firm has $637.40M in Cash & Short Term Investments as of fiscal 2021. There were $7.21B in debt and $3.62B in liabilities at the time. Its Book Value Per Share was $61.38, while its Total Shareholder’s Equity was $13.66B.
Analysts Opinion
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. 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 3.25.
