Molson Coors Beverage Company (TAP) vs. Its Peers: A Comparison

Molson Coors Beverage Company (NYSE: TAP) has a price-to-earnings ratio of 53.60x that is above its average ratio. Additionally, the 36-month beta value for TAP is 0.84.

The public float for TAP is 193.07M and currently, short sellers hold a 3.96% ratio of that float. The average trading volume of TAP on February 13, 2024 was 2.76 shares.

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TAP) stock’s latest price update

Molson Coors Beverage Company (NYSE: TAP)’s stock price has gone rise by 62.11 in comparison to its previous close of 67.34, however, the company has experienced a 1.35% increase in its stock price over the last five trading days. Fox Business reported 2024-02-12 that More than 400 workers are preparing to walk off the job from a Texas brewery after they say negotiations for higher pay, and benefits have stalled.

TAP’s Market Performance

Molson Coors Beverage Company (TAP) has seen a 1.35% rise in stock performance for the week, with a -2.50% decline in the past month and a 6.75% surge in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are at 1.84% for TAP. The simple moving average for the last 20 days is 23.42% for TAP’s stock, with a simple moving average of Feb 13 BMO for the last 200 days.

Analysts’ Opinion of TAP

Many brokerage firms have already submitted their reports for TAP stocks, with HSBC Securities repeating the rating for TAP by listing it as a “Hold.” The predicted price for TAP in the upcoming period, according to HSBC Securities is $68 based on the research report published on November 30, 2023 of the previous year 2023.

TAP Trading at 12.37% from the 50-Day Moving Average

After a stumble in the market that brought TAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.40% of loss for the given period.

Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.34% upper at present.

During the last 5 trading sessions, TAP rose by +1.35%, which changed the moving average for the period of 200-days by +5.04% in comparison to the 20-day moving average, which settled at $62.10. In addition, Molson Coors Beverage Company saw 1.47% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TAP starting from Winnefeld James A Jr, who purchase 100 shares at the price of $59.02 back on Nov 03. After this action, Winnefeld James A Jr now owns 16,093 shares of Molson Coors Beverage Company, valued at $5,902 using the latest closing price.

Winnefeld James A Jr, the Director of Molson Coors Beverage Company, purchase 100 shares at $67.08 during a trade that took place back on Aug 03, which means that Winnefeld James A Jr is holding 15,993 shares at $6,708 based on the most recent closing price.

Stock Fundamentals for TAP

Equity return is now at value 1.93, with 0.96 for asset returns.

Conclusion

In conclusion, Molson Coors Beverage Company (TAP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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