Taking On Challenges And Growing? – Molson Coors Beverage Company (TAP)

After Hours

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.

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Stocks Info

This NYSE-listed company operates within the Beverages – Brewers industry segment, falling under the Consumer Defensive sector. The current market capitalization of Molson Coors Beverage Company is $13.16B. A total of 2.89 million shares were traded on the day, compared to an average of 1.79M 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.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Molson Coors Beverage Company pays an annual dividend of $1.73, resulting in a dividend yield of 2.71%, and it has a price to earnings (P/E) ratio of 14.41. TAP’s most recent ex-dividend date was 8/30/2024 when it declared a $0.44 quarterly dividend that was paid in cash on 9/20/2024. Previously, the company paid the dividend on 6/21/2024 with an ex-dividend date of 6/7/2024. The TAP stock dividend was $0.44 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TAP has a high of $69.18 and a low of $49.19.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TAP’s latest balance sheet shows that the firm has $637.40M in Cash & Short Term Investments as of fiscal 2021. There were $7.21B in debt and $3.62B in liabilities at the time. Its Book Value Per Share was $64.63, 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 3.25.

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