Tap - XTP

L'intérêt à découvert pour Molson Coors Beverage donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Molson Coors Beverage. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Molson Coors Beverage (NYSE:TAP) Stock, Rapport sur les intérêts à découvert

Molson Coors Beverage

Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling and ranks as the second-largest beer maker in both value and volume terms in the us, Canada, and the United Kingdom. Through licensing agreements, the firm also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The brewer uses independent distributors in the us, given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market, contributing over 80% of total revenue.

Molson Coors Beverage Company Class B Common Stock

Molson Coors Beverage Co

Molson Coors Beverage Company Class A Common Stock

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B of A Securities analyst Bryan Spillane upgrades Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from Neutral to Buy and raises the price target from $57 to $70.

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B of A Securities Upgrades Molson Coors Beverage to Buy, Raises Price Target to $70

Following sluggishness during the summer months, trends in the U.S. beer market are showing signs of improvement, according to Needham.
There is a great deal of uncertainty around potential tariffs, which will likely create a near-term overhang, beer is "better positioned than distilled spirits" in the current environment, says <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6304db77e4a8c500019458fb/gerald-pascarelli">analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6304db77e4a8c500019458fb/gerald-pascarelli">Gerald Pascarelli</a>.
The analyst initiated coverage of these two better stocks:
<h1 class="wp-block-heading">Constellation Brands</h1>
Pascarelli initiated coverage of Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy rating and a price target of $280.
While tariffs will remain a concern, Constellation Brands recently gained market share, which should enable the company to meet its revised guidance for fiscal 2025, Pascarelli said in the initiation note.
Constellation Brands is "the best company" in the Beverage space, the analyst stated. Within beer, the company continues to generate "the best revenue growth and operating margins," he added.
The stock is likely to trade higher, "given their historical and consistent relative levels of outperformance, combined with improved capital allocation and corporate governance," the analyst further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Molson Coors Beverage</h1>
In a separate note, Pascarelli initiated coverage of Molson Coors Beverage Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Buy rating and a price target of $72.
The brewing contract with Pabst coming to an end positions Molson Coors Beverage to improve its volumes, the analyst said.
There is upside to the current Street estimates for the company, which imply growth significantly below the company's long-term targets, Pascarelli stated. Molson Coors Beverage should be able to meet its growth targets "through incremental cost savings along with optionality to deploy cash towards share buybacks," he further wrote.
Price Action
At the time of publication Friday:
<ul>
<li>STZ: Shares of Constellation Brands had risen by 0.78% to $241.36</li>
<li>TAP: Molson Coors Beverage's stock had climbed 0.59% to $61.31.</li>
</ul>
Read More: • <a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a>
Photos: Shutterstock

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Trump's Beer Tariffs Cloud Sector: Molson Coors Is Well Positioned, But This Is The 'Best Company In The Beverage Space,' Says Analyst

Needham analyst Gerald Pascarelli initiates coverage on Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Buy rating and announces Price Target of $72.

Needham Initiates Coverage On Molson Coors Beverage with Buy Rating, Announces Price Target of $72

Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Molson Coors Beverage, revealing an average target of $61.0, a high estimate of $74.00, and a low estimate of $51.00. Marking an increase of 12.96%, the current average surpasses the previous average price target of $54.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1732536034_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Molson Coors Beverage by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kevin Grundy</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$64.00</td>
<td>-</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$51.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$74.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Andrea Teixeira</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Vivien Azer</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$56.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Molson Coors Beverage. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Molson Coors Beverage compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Molson Coors Beverage's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Molson Coors Beverage's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Molson Coors Beverage analyst ratings.</a>
<h2>Unveiling the Story Behind Molson Coors Beverage</h2>
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling and ranks as the second-largest beer maker in both value and volume terms in the us, Canada, and the United Kingdom. Through licensing agreements, the firm also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The brewer uses independent distributors in the us, given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market, contributing over 80% of total revenue.
<h3>Unraveling the Financial Story of Molson Coors Beverage</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Molson Coors Beverage faced challenges, resulting in a decline of approximately -7.75% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Molson Coors Beverage's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.57%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Molson Coors Beverage's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.51%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Molson Coors Beverage's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.74%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Molson Coors Beverage's debt-to-equity ratio stands notably higher than the industry average, reaching 0.47. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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Analyst Ratings For Molson Coors Beverage

Exane BNP Paribas analyst Kevin Grundy initiates coverage on Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Neutral rating and announces Price Target of $64.

Exane BNP Paribas Initiates Coverage On Molson Coors Beverage with Neutral Rating, Announces Price Target of $64

Barclays analyst Lauren Lieberman maintains Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Underweight and raises the price target from $49 to $51.

Barclays Maintains Underweight on Molson Coors Beverage, Raises Price Target to $51

WIIM

Molson Coors Beverage shares are trading higher after Wells Fargo upgraded the stock from Underweight to Overweight and raised its price target from $52 to $74.

Wells Fargo analyst Chris Carey upgrades Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from Underweight to Overweight and raises the price target from $52 to $74.

Wells Fargo Upgrades Molson Coors Beverage to Overweight, Raises Price Target to $74

Donald Trump&#8216;s 2024 presidential election win put several sectors in the spotlight, <a href="https://www.benzinga.com/topic/alcohol">including alcohol stocks.</a>
What Happened: Some people watched the outcome of <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">election night</a> on television from their home. Others likely scrolled along with social media on their phone. Some attended watch parties with friends and families, similar to a Super Bowl party or one for <a href="https://www.benzinga.com/top-stories/24/08/40610039/are-nvidia-earnings-wall-streets-super-bowl-super-bulls-arrange-watch-parties-in-new-york-city">Nvidia's quarterly earnings.</a> 
Regardless of who voters wanted to win — Trump or Kamala Harris — they may have bought more alcohol for Election Day this year, at least in New York, with liquor stores reporting a busy day.
One liquor store <a href="https://nypost.com/2024/11/06/us-news/nyc-liquor-stores-were-crazy-busy-on-election-night-workers-say-weve-been-spending-hours-just-restocking/">told </a>the New York Post they were three to four times busier than a regular weekday on Election Day with heavy sales coming in the early afternoon and around 5 p.m. ET. An employee from Brooklyn's Juice Box liquor store told the Post there was also a noticeable trend from many customers.
"People were buying sparkling wine and a bottle of liquor for both (outcomes)," the employee said.
Employees from other New York stores noticed the same trend. Customers were either buying one type of alcohol for a happy outcome or one for a negative outcome.
"I have no idea if people will be drowning their sorrows or celebrating," the Juice Box employee added.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110724">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: While it is only one day of the year, Election Day 2024 could provide a short bump for alcohol stocks like Diageo Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) and Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>). Beer stocks like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Boston Beer Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) and Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) may have also benefitted from Election Day.
Alcohol may be a coping or celebratory item for Election Day in the U.S., but in India the country <a href="https://timesofindia.indiatimes.com/world/us/us-election-2024-does-america-have-dry-days-like-india-during-election-season/articleshow/114945854.cms">has </a>dry days of no alcohol around their elections with residents unable to drink for 48 hours before the vote, on election day or as the vote is being totaled.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/11/41817245/will-trump-be-sentenced-in-hush-money-trial-or-will-his-criminal-problems-go-away">Will Trump Be Sentenced In Hush Money Trial Or Will His &#8216;Criminal Problems Go Away&#8217;?</a></li>
</ul>
Image: Shutterstock

Politics

Alcohol Stocks To Get A Boost From 2024 Election? Busy Liquor Stores Say Voters 'Drowning Their Sorrows Or Celebrating'

Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) reported third-quarter adjusted earnings per share of $1.80, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41801425/molson-coors-beverage-company-reports-2024-third-quarter-results" rel="noreferrer noopener">beating the street view of $1.67.</a>
Quarterly sales of $3.04 billion missed the analyst consensus of $3.13 billion. Net sales decreased 7.8%, driven by lower financial volumes, partially offset by favorable price and sales mix.
Financial volumes dropped 12.3%, mainly due to lower shipments, including reduced contract brewing volumes in the Americas. Brand volumes fell 4.4%, with a 5.4% decline in the Americas and a 1.8% decrease in EMEA &amp; APAC.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic" rel="noreferrer noopener">Elon Musk&#8217;s Net Worth Soars By $26.5 Billion In Single Day After Tesla Stock Surges Post-Trump Victory</a>
Net sales benefited from a 4.5% positive price and sales mix impact, driven by higher net pricing and a favorable sales mix, including the impact of reduced contract brewing volumes in the U.S.
Total debt as of September 30 was $6.2 billion, and cash and equivalents totaled $1.02 billion, resulting in a net debt of $5.219 billion.
In a separate release, Molson Coors said it is acquiring a majority stake in ZOA, the energy brand co-founded by Dwayne Johnson, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41801128/molson-coors-beverage-company-takes-majority-stake-in-zoa-energy" rel="noreferrer noopener">will now lead its marketing and sales efforts</a>. The company expects this move to drive significant growth for ZOA.
&#8220;We&#8217;re building a winning portfolio that offers consumers choices across a wide range of occasions, and non-alc is a key part of that strategy,&#8221; said Molson Coors Chief Commercial Officer Michelle St. Jacques.
Molson Coors and ZOA first struck a partnership when the brand launched in 2021, and Molson Coors increased its stake in ZOA last September while also assuming a presence on ZOA&#8217;s Board of Directors.
Outlook: Molson Coors now expects net sales to decline by about 1% in 2024 compared to 2023 on a constant currency basis. This is a revision from their previous forecast of a low single-digit increase, due to <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">weaker performance in the U.S. beer industry during the peak selling season.</a>
The company now expects its 2024 underlying diluted earnings per share to be at the high end of the prior outlook range&nbsp;of a mid-single-digit increase compared to 2023.
Price Action: TAP shares are trading higher by 0.68% to $56.91 at last check Thursday.
Photo via Shutterstock
Read also:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different" target="_blank" rel="noreferrer noopener">How Did S&amp;P 500 Sectors Perform During Trump&#8217;s First Term? Could This Time Be Different?</a></li>
</ul>

Earnings

Equities

Guidance

Markets

General

Molson Coors' Q3 Mixed Bag: Earnings Win, Sales Drop, And Bold Bet On Non-Alcoholic With Dwayne 'The Rock' Johnson's ZOA

Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $1.67 by 7.78 percent. The company reported quarterly sales of $3.04 billion which missed the analyst consensus estimate of $3.13 billion by 2.84 percent. This is a 7.73 percent decrease over sales of $3.30 billion the same period last year.

Earnings Beats

Earnings Misses

Molson Coors Beverage Q3 2024 Adj EPS $1.80 Beats $1.67 Estimate, Sales $3.04B Miss $3.13B Estimate

Molson Coors Beverage Takes Majority Stake In ZOA Energy; Terms Not Disclosed

Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) remains a cautious investment, according to Zuanic &amp; Associates, despite its solid balance sheet and diverse global assets. With a "Neutral" rating, Zuanic views Tilray as a long-term player in the cannabis sector, though short-term uncertainties cloud its outlook.
Tilray's international presence is expanding, notably in <a href="https://www.benzinga.com/topic/germany-cannabis">Germany</a>, where sales have grown 50%. Yet, headwinds persist, including high operating expenses, rising share count and ongoing market share losses in Canada where Tilray has opted against aggressive discounting in certain product categories.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">U.S. Beverage Expansion Shows Potential</h3>
In the U.S., Tilray has bolstered its beverage portfolio with <a href="https://www.benzinga.com/markets/cannabis/24/09/41009554/tilray-brands-launches-hemp-derived-delta-9-thc-drinks-in-key-u-s-markets">craft beer brands </a>acquired from Molson Coors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), positioning itself to gain ground in the non-alcoholic hemp drink market &#8211; a segment showing explosive growth potential.
Still, <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">Tilray's revenue</a>, at $200 million for the August quarter, trails its $950 million target for FY25, casting doubt on near-term growth momentum.
<h3 class="wp-block-heading">Rising Costs And Dilution</h3>
Tilray's operating expenses remain a point of concern, with Selling, General &amp; Administrative (SGA) costs reaching 34% of sales in the first quarter of FY25 &#8211; an increase from 31% in FY24. This rise in cash SGA expenses has contributed to a 300 basis point drop in Tilray's adjusted EBITDA margin.
Additionally, Tilray's share count has grown significantly, increasing from 657 million in FY23 to 903.3 million by October 2024. While this higher share count bolsters liquidity, it also affects per-share revenue metrics.
Despite the dilution, Tilray's revenue per share has remained stable, reflecting accretive growth from recent acquisitions. However, the increased equity base will require the company to continue driving organic growth to justify valuation metrics and support long-term investor confidence.
Read Also: EXCLUSIVE:<a href="https://www.benzinga.com/markets/cannabis/24/10/41502695/exclusive-tilray-ceo-irwin-simon-on-why-us-cannabis-rescheduling-wont-change-a-billion-dollar-pl"> Tilray CEO Irwin Simon On Why US Cannabis Rescheduling Won&#8217;t Change A Billion-Dollar Play</a>
<h3 class="wp-block-heading">Valuation Premium And Investor Outlook</h3>
Valued at an estimated $1.67 billion, Tilray trades at a 1.7x EV/sales multiple, with its cannabis segment trading at a premium of 4x, well above industry norms.
While Tilray's liquidity and extensive market reach make it a formidable <a href="https://www.benzinga.com/markets/cannabis/24/09/40919186/cannabis-giant-tilray-expands-medical-marijuana-portfolio-with-redecan-launch-in-australia">global contender</a>, Zuanic advises investors to await clearer evidence of sustainable growth across international markets and gains in operational efficiency.
<h3 class="wp-block-heading">Path Ahead: Strategic Global Expansion</h3>
Tilray's journey hinges on its ability to capitalize on international cannabis expansion, reinvigorate its U.S. brands, and improve financial performance. For now, Zuanic &amp; Associates suggests that potential investors stay on the sidelines, with Tilray's future resting on a steady, strategic push through emerging global markets.
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41599546/canadas-cannabis-market-goes-cold-pot-prices-hit-bottom-why-top-producers-are-losin"> Canada&#8217;s Cannabis Market Goes Cold, Pot Prices Hit Bottom: Why Top Producers Are Losing Ground</a>

Cannabis

Retail Sales

TLRY

Beyond Beer, Tilray's $1.67 Billion Market Play: Is This Cannabis Giant Still A Smart Buy?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen raised Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) price target from $133 to $149. TD Cowen analyst Bill Katz maintained a Hold rating. Blackstone shares closed at $169.73 on Thursday. <a href="https://www.benzinga.com/quote/bx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan boosted the price target for Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) from $57 to $60. JP Morgan analyst Andrea Teixeira maintained a Neutral rating. Molson Coors Beverage shares closed at $56.05 on Thursday. <a href="https://www.benzinga.com/quote/tap/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised the price target for Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) from $60 to $63. Barclays analyst Jared Shaw maintained an Overweight rating. Webster Financial shares closed at $54.25 on Thursday. <a href="https://www.benzinga.com/quote/wbs/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) price target from $190 to $216. Goldman Sachs analyst Ryan Nash maintained a Neutral rating. M&amp;T Bank shares settled at $198.87 on Thursday. <a href="https://www.benzinga.com/quote/mtb/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital cut ManpowerGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) price target from $87 to $71. BMO Capital analyst Jeffrey Silber maintained a Market Perform rating. Synchrony Financial shares closed at $67.05 on Thursday. <a href="https://www.benzinga.com/quote/man/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut Great Southern Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) price target from $64 to $62. Piper Sandler analyst Andrew Liesch maintained a Neutral rating. Great Southern Bancorp shares closed at $58.64 on Thursday. <a href="https://www.benzinga.com/quote/gsbc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised the price target for BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) from $2.7 to $2.8. Canaccord Genuity analyst Kingsley Crane maintained a Hold rating. BlackBerry shares settled at $2.58 on Thursday. <a href="https://www.benzinga.com/quote/bb/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $625 to $780. Bernstein analyst Laurent Yoon maintained a Market Perform rating. Netflix shares closed at $687.65 on Thursday. <a href="https://www.benzinga.com/quote/nflx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS increased the price target for Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) from $102 to $114. UBS analyst Lloyd Walmsley maintained a Buy rating. Uber shares closed at $79.90 on Thursday. <a href="https://www.benzinga.com/quote/uber/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) price target from $165 to $190. B of A Securities analyst Vivek Arya maintained a Buy rating. NVIDIA shares closed at $136.93 on Thursday. <a href="https://www.benzinga.com/quote/nvda/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying NVDA stock? Here&#8217;s what analysts think:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41379749/abbvie-is-doing-very-well-but-jim-cramers-favorite-abbott-laboratories">AbbVie Is Doing &#8216;Very Well&#8217; But Jim Cramer&#8217;s Favorite? Abbott Laboratories</a></li>
</ul>

GSBC

NFLX

NVDA

UBER

NVIDIA To Rally Around 39%? Here Are 10 Top Analyst Forecasts For Friday

JP Morgan analyst Andrea Teixeira maintains Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Neutral and raises the price target from $57 to $60.

JP Morgan Maintains Neutral on Molson Coors Beverage, Raises Price Target to $60

Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#TSX">TLRY</a>) announced a series of fall-themed product launches across its craft beer and beverage brands on Wednesday, including Breckenridge Brewery, Montauk Brewing, Blue Point Brewing, Terrapin and Shock Top.
The Canadian cannabis giant has been <a href="https://www.benzinga.com/markets/cannabis/23/09/34579077/tilrays-beer-business-expands-nationally-starting-in-this-state" target="_blank" rel="noreferrer noopener">buying beer brands</a> throughout <a href="https://www.benzinga.com/markets/cannabis/22/01/25017000/tilray-buys-two-california-craft-beer-brands-for-5-1m" target="_blank" rel="noreferrer noopener">recent years</a>, as part of its <a href="https://www.benzinga.com/markets/cannabis/23/08/33612189/tilray-acquires-8-beer-brands-from-struggling-bud-light-parent-anheuser-busch-heres-what-it-mean">ongoing strategy</a> to establish its presence in the U.S. One of its latest moves valued at $2 million was the purchase of <a href="https://www.benzinga.com/markets/cannabis/24/08/40365052/billion-dollar-cannabis-firm-buys-a-brewery-four-actually-in-canadas-backyard">four craft breweries</a> from Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>).
Prinz Pinakatt, chief marketing officer at Tilray Beverages, shed light on what's in the latest offering.
"Our offerings, from Oktoberfest beers to pumpkin ales, are meticulously crafted to embody the essence of the season," he said.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40901036/tilray-acquires-23-8m-promissory-note-in-deal-with-double-diamond-on-heels-of-brewery-acquisitio">Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
New fall brews and spirits from Tilray Beverages include:
<ul>
<li>Shock Top: Twisted Pretzel (ABV: 5%);</li>
<li>Breckenridge Brewery: Oktoberfest (ABV: 6%);</li>
<li>Montauk Brewing: Pumpkin Ale (ABV: 5.7%);</li>
<li>Blue Point Brewing: Mother Pumpkin Ale (ABV: 5.5%); and</li>
<li>Terrapin Beer: Sweater Weather (6.8% ABV).</li>
</ul>
<h3 class="wp-block-heading">Tilray's Recent Updates</h3>
Tilray recently <a href="https://www.benzinga.com/markets/cannabis/24/10/41273594/tilray-reports-200m-q1-net-revenue-up-13-yoy-as-net-loss-improves">reported</a> net revenue of $200 million, up by 13% from $177 million in the prior year quarter, but down from $229.882 million in the previous quarter.
Irwin D. Simon, Tilray Brands&#8217; chairman and chief executive officer, said the company's "investments in the cannabis, wellness, beverage, and distribution industries are focused on shaping the future and staying ahead of the curve."
That said, Tilray has been ramping up its cannabis side of business as well. It recently <a href="https://www.benzinga.com/markets/cannabis/24/09/41009554/tilray-brands-launches-hemp-derived-delta-9-thc-drinks-in-key-u-s-markets">launched</a> a new line of hemp-derived Delta-9 THC beverages across key U.S. markets.&nbsp;The move marked the company&#8217;s strategic expansion into the fast-growing <a href="https://www.benzinga.com/topic/cannabis-beverages">hemp-derived THC beverage category.</a>
"We are dedicated to executing our strategic plan to increase revenue, drive operational efficiencies, and improve margins and profitability while investing in our continued growth," Simon said.
<h3 class="wp-block-heading">TLRY Price Action</h3>
Tilray's shares traded 0.24% higher at $1.5737 per share at the time of writing on Wednesday morning.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41284165/tilray-ceo-irwin-simon-2024-election-likely-to-drive-u-s-cannabis-legalization-no-matter-who-win">Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins</a></li>
</ul>

TSX:TLRY

Billion-Dollar Cannabis And Beverage Giant Brings  Oktoberfest Vibes To Your Glass With New Craft Beers

Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) reported financial results Thursday for its first fiscal quarter ended August 31. The Canadian cannabis giant had a net revenue of $200 million, up by 13% from $177 million in the prior year quarter, but down from $229.882 million in the previous quarter.
"As the chairman and CEO of Tilray Brands, I am excited to lead a company that is disrupting the CPG industry through innovative products that are transforming the way consumers eat, drink and unwind with cannabis, hemp and beverage products," stated Irwin D. Simon, Tilray Brands' chairman and chief executive officer. "Our investments in the cannabis, wellness, beverage, and distribution industries are focused on shaping the future and staying ahead of the curve. We are dedicated to executing our strategic plan to increase revenue, drive operational efficiencies, and improve margins and profitability while investing in our continued growth. Our commitment to innovation and growth is unwavering."
<h2 class="wp-block-heading">Q1 Financial Highlights</h2>
<ul>
<li>Gross profit increased by 35% to $59.7 million in the first quarter compared to $44.2 million in the prior year quarter.</li>
<li>Gross margin increased to 30% in the first quarter compared to 25% in the prior year quarter.</li>
<li>Net loss improved by 38% to $(34.7) million in the first quarter compared to $(55.9) million in the prior year quarter.</li>
<li>Net loss per share improved to $(0.04) in the first quarter compared to $(0.10) in the prior year quarter.</li>
<li>Adjusted EBITDA in the first quarter was $9.3 million compared to $10.7 million in the prior year quarter.</li>
<li>Beverage alcohol net revenue including acquisitions increased 132% to $56.0 million in the first quarter.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41270606/kamala-harris-advises-on-howard-stern-show-dont-get-stoned-before-visiting-the-sphere-in-las-veg">Kamala Harris Advises On Howard Stern Show: Don&#8217;t Get Stoned Before Visiting The Sphere In Las Vegas</a>
<ul>
<li> Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">Recent Milestones</h2>
The earnings report follows up on Tilray's recent launch of a new line of hemp-derived Delta-9 THC beverages across key U.S. markets, marking the company's strategic expansion into the fast-growing hemp-derived THC beverage category.
Among other important milestones, Tilray announced in September that it has completed another brewery acquisition from Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>).
"Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan,&#8221; Simon said at the time. &#8220;This acquisition expands our reach in the Great Lakes region and further strengthens our position in the craft beer industry.
Over the last several months, Tilray, valued at $2 billion, has been expanding its U.S. brewery business but is not giving up on cannabis. In August, it released its latest small-batch flower strain, Milk &amp; Cookies, under its premium cannabis brand Broken Coast, and in September, it published the results of a study focused on cannabis as a potential treatment for pain management and other fibromyalgia-associated symptoms.
<h2 class="wp-block-heading">TLRY Price Action</h2>
Tilray shares were trading 0.31% lower at $1.63 per share during Thursday's pre-market session.
Read Next:
<a href="https://www.benzinga.com/markets/cannabis/24/10/41262320/jim-belushi-compares-passion-for-acting-to-cannabis-business-makes-people-feel-good">Jim Belushi Compares Passion For Acting To Cannabis Business: &#8216;Makes People Feel Good&#8217;</a>
Photo: Courtesy of Plateresca via Shutterstock

Tilray Reports $200M Q1 Net Revenue, Up 13% YoY As Net Loss Improves

Vice President Kamala Harris' media blitz included an interview with Stephen Colbert that saw her drinking beer and taking shots at Donald Trump with one month to go until the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
 What Happened: Over the past several days,<a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el"> Harris has made appearances</a> on the "Call Her Daddy" podcast, "The Howard Stern Show," "The View," "60 Minutes" and "The Late Show With Stephen Colbert."
While each interview has provided memorable moments and quotes from Harris about the 2024 election, her appearance with host Stephen Colbert Tuesday night may have proved the most memorable.
Airing Tuesday night on CBS, which is a unit of Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), Harris and Colbert drank beers together with the vice president opting to have a Miller High Life.
"The last time I had beer was a baseball game with Doug (Emhoff)," Harris told Colbert, as reported by <a href="https://variety.com/2024/tv/news/kamala-harris-stephen-colbert-late-show-miller-high-life-1236172023/">Variety</a>.
Harris quoted Miller High Life's slogan "The champagne of beers" as she took a sip from the beer. Miller High Life, which is owned by Molson Coors Beverage Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), has been around since 1903.
Colbert asked Harris about the upcoming book "War" by Bob Woodward, which alleged Trump <a href="https://www.benzinga.com/general/politics/24/10/41235596/trump-secretly-stayed-in-contact-with-putin-after-leaving-office-upcoming-bob-woodward-book-alle">remained in contact</a> with Russian President Vladimir Putin since leaving the White House.
"I haven't read it. But look, I said even at the debate, Donald Trump — he openly admires dictators and authoritarians. He has said he wants to be a dictator on day one if he were elected again as president," Harris said.
Harris said the president of the U.S. should "stand strong and defend the principles" America holds dear and stand with the country's allies.
"We must stand with our friend Ukraine where Russia is attempting to change borders by force."
Harris also criticized Trump's election efforts and failing effort in the 2020 election.
"People are exhausted by that old tired playbook of Donald Trump's … Folks are ready to turn the page."
Trump lost the 2020 election, Harris added when asked directly by host Colbert.
"You know when you lost millions of jobs, you lost manufacturing, you lost automotive plants, you lost the election. What does that make you? A loser. This is what somebody at my rallies said. I thought it was funny."
Colbert said the statement was accurate to which Harris responded with a joke.
"This is what happens when I drink beer."
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent100924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Harris' recent media blitz comes as she may be losing momentum in election polls as voting day nears.
Users on social media were quick to point out that Harris drinking a beer may have been an attempt to win over male voters and selecting Miller High Life, which is brewed in Wisconsin, may have also had more to do with trying to win over voters in the key 2024 election swing state.
Colbert labeled the drinking of a beer with Harris as part of "the vibe election," as <a href="https://nypost.com/2024/10/08/us-news/kamala-harris-takes-a-sip-of-beer-with-stephen-colbert-during-late-show-appearance-you-asked-for-miller-high-life/">reported </a>by the New York Post.
"Elections, I think, are won on vibes. Because one of the old saws is I — They just want somebody they can have a beer with," Colbert said.
Tuesday's interview on "The Late Show" marked Harris' first time on the program since becoming the Democratic Party nominee for president in the 2024 election. Overall, it was Harris' seventh time on the show, with her first time coming as a U.S. senator on April 19, 2018, and most recently coming as vice president on March 15, 2023.
Read Next: 
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<li><a href="https://www.benzinga.com/general/politics/24/10/41241771/harris-vs-trump-vice-president-hits-record-lead-in-2024-election-poll-but-independent-voters-cou">Harris Vs. Trump: Vice President Hits Record Lead In 2024 Election Poll, But Independent Voters Could Be Worrisome</a></li>
</ul>
Photo: Paramount/CBS Entertainment

Media

PARA

PARAA

Harris Drinks A Miller High Life On 'The Late Show,' Labels Trump Loser, Criticizes Ties To Putin: 'He Openly Admires Dictators And Authoritarians'

Across the recent three months, 13 analysts have shared their insights on Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Molson Coors Beverage, revealing an average target of $55.31, a high estimate of $59.00, and a low estimate of $47.00. This current average has decreased by 4.39% from the previous average price target of $57.85. 
<img src="https://www.benzinga.com/files/images/story/2024/1728406852_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Molson Coors Beverage by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vivien Azer</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$56.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$49.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Vivien Azer</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$58.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Andrea Teixeira</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Steve Powers</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$57.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Peter Grom</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$54.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Michael Lavery</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Steve Powers</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$56.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Michael Lavery</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$57.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Kaumil Gajrawala</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$57.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$47.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Andrea Teixeira</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Molson Coors Beverage. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Molson Coors Beverage compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Molson Coors Beverage's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Molson Coors Beverage's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TAP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Molson Coors Beverage analyst ratings.</a>
<h2>Unveiling the Story Behind Molson Coors Beverage</h2>
Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling and ranks as the second-largest beer maker in both value and volume terms in the us, Canada, and the United Kingdom. Through licensing agreements, the firm also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The brewer uses independent distributors in the us, given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market, contributing over 80% of total revenue.
<h3>Molson Coors Beverage's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Molson Coors Beverage's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -0.44%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Molson Coors Beverage's net margin is impressive, surpassing industry averages. With a net margin of 13.13%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Molson Coors Beverage's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.25% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Molson Coors Beverage's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.6% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Molson Coors Beverage's debt-to-equity ratio stands notably higher than the industry average, reaching 0.54. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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