In recent trading session, Molson Coors Beverage Company (NYSE:TAP) saw 1,535,362 shares changing hands with its beta currently measuring 1. Company’s recent per share price level of $34.15 trading at $1.24 or 3.78% at recent trade assigns it a market valuation of $7.31 Billion. That current trading price of TAP’s stock is at a discount of -81.38% from its 52-week high price of $61.94 and is indicating a premium of 5.97% from its 52-week low price of $32.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.78 Million shares which gives us an average trading volume of 2.15 Million if we extend that period to 3-months.
Molson Coors Beverage Company (NYSE:TAP) trade information
Upright in the green today for gaining 3.78%, in the last five days TAP remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $36.20- price level, adding 5.47% to its value on the day. Molson Coors Beverage Company’s shares saw a change of -36.51% in year-to-date performance and have moved -3.06% in past 5-day. Molson Coors Beverage Company (NYSE:TAP) showed a performance of 2.06% in past 30-days. Number of shares sold short was 10.67 Million shares which calculate 4.96 days to cover the short interests.
Molson Coors Beverage Company (TAP) estimates and forecasts
Statistics highlight that Molson Coors Beverage Company is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -19.75% of value to its shares in past 6 months, showing an annual growth rate of -19.16% while that of industry is -1. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -31.1% in the current quarter and calculating -29.4% decline in the next quarter. This year revenue growth is estimated to drop -8.1% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.65 Billion for the same. And 10 analysts are in estimates of company making revenue of $2.41 Billion in the next quarter that will end in December 01, 2020. Company posted $2.84 Billion and $2.49 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -6.7% while estimating it to be -3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -78.4% while estimates for its earnings growth in next 5 years are of -6.1%
Molson Coors Beverage Company (NYSE:TAP)’s Major holders
Insiders are in possession of 11.61% of company’s total shares while institution are holding 93.04% percent of that, with stock having share float percentage of 105.26%. Investors also watch the number of corporate investors in a company very closely, which is 797 institutions for Molson Coors Beverage Company that are currently holding shares of the company. Dodge & Cox Inc is the top institutional holder at TAP for having 23.11 Million shares of worth $794Million. And as of June 29, 2020, it was holding 11.76% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 20.28 Million shares on June 29, 2020. The number of shares represents firm’s hold over 10.32% of outstanding shares, having a total worth of $696.78 Million.
On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 14943925 shares of worth $513.47 Million or 7.6% of the total outstanding shares. The later fund manager was in possession of 5.03 Million shares on June 29, 2020, making its stake of worth around $172.87 Million in the company or a holder of 2.56% of company’s stock.