After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that MOLSON COORS ANNOUNCES LEADERSHIP TRANSITION IN CANADA.
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Stocks Info
TAP belongs to the Consumer Defensive sector of the NYSE while operating in the Beverages – Brewers industry. At the end of the last regular session, the stock closed at $67.47 and fluctuated between $67.57 as its day high and $65.52 as its day low. The current market capitalization of Molson Coors Beverage Company is $14.34B. A total of 4.43 million shares were traded on the day, compared to an average of 1.63M shares.
In the most recent transaction, Joubert Tracey sold 2,771 shares of TAP for 60.37 per share on Feb 12 ’24. After the transaction, the Chief Financial Officer now owns 60,538 company shares. In a previous transaction on Nov 03 ’23, Winnefeld James A Jr bought 100 shares at 59.02 per share. TAP shares that Director owns now total 16,093.
Among the insiders who bought shares, Winnefeld James A Jr acquired of 100 shares on Aug 03 ’23 at a per-share price of $67.08. This resulted in the Director holding 15,993 shares of TAP after the transaction. In another insider transaction, Molson Geoffrey E. sold 1,840 shares at $60.62 per share on May 25 ’23. Company shares held by the Board Chair now total 25,904.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Molson Coors Beverage Company pays an annual dividend of $1.67, resulting in a dividend yield of 2.48%, and it has a price to earnings (P/E) ratio of 15.47. TAP’s most recent ex-dividend date was 2/29/2024 when it declared a $0.44 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The TAP stock dividend was $0.41 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TAP has a high of $70.90 and a low of $49.32.
As of this writing, TAP has an earnings estimate of $0.72 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.62. The company reported an EPS of $1.92 in the last quarter, which was 22.30% higher than expectations of $1.57.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $61.87, while its Total Shareholder’s Equity was $13.66B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 3.25.
