Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Molson Coors Beverage Co. (NYSE:TAP) stock has reached a new 52-week low, hitting $49.37 in recent trading. This marks a significant point for the company’s stock performance over the past year. According to InvestingPro analysis, the stock appears undervalued, with technical indicators suggesting oversold conditions. The company maintains a modest P/E ratio of 10.77, well below many industry peers. The stock has experienced a 1-year decline of 1.41%, reflecting ongoing challenges within the beverage industry. Despite market pressures, the company maintains a solid 3.72% dividend yield and has consistently paid dividends for 51 consecutive years. Amid shifting consumer preferences and competitive pressures, Molson Coors continues navigating its strategic path in an evolving market landscape. As the company addresses these dynamics, investors are closely monitoring how its initiatives may influence future performance. Discover more insights and 12 additional ProTips with an InvestingPro subscription.
In other recent news, Molson Coors reported first-quarter earnings for 2025 that fell short of analyst expectations, with earnings per share (EPS) coming in at $0.50, significantly below the forecasted $0.83. The company’s revenue also missed projections, totaling $2.3 billion compared to the anticipated $2.42 billion. Following the earnings announcement, Molson Coors revised its full-year guidance, now expecting low single-digit declines in both net sales revenue and underlying pretax income. Analysts have responded to these developments with adjustments to their price targets: UBS has lowered its target to $59, Citi to $56, and Evercore ISI to $60, each maintaining their respective ratings on the stock. UBS noted that the company’s valuation remains attractive relative to historical averages, despite the challenging macroeconomic environment and disappointing earnings. Citi expressed skepticism regarding Molson Coors’ outlook, citing weak trends in the beer category and the impact of a terminated contract brewing agreement. Evercore ISI maintains an Outperform rating, but acknowledges the competitive pressures Molson Coors faces, particularly from Anheuser-Busch InBev (EBR:ABI)’s investments in Michelob Ultra.
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