We recently published 8 stocks on Jim Cramer’s radar. Molson Coors Beverage Company (NYSE:TAP) is one of the stocks on Jim Cramer’s radar.

Molson Coors Beverage Company (NYSE:TAP) is an alcoholic beverage company. Shares are down 18% year to date as the company has struggled amid broader weakness in the spirits industry. The weak share price has also been greeted with caution by analysts. For example, JPMorgan began coverage of Molson Coors Beverage Company (NYSE:TAP) in November and set a neutral rating along with a $49 price target on the stock. JPMorgan commented that while the company had improved its business fundamentals, it was nevertheless operating in struggling markets. The analysts’ comments came after Molson Coors Beverage Company (NYSE:TAP) reported its third-quarter earnings report in November. The results saw the company report $2.97 billion in revenue and $1.67 in adjusted earnings per share. Crucially, Molson Coors Beverage Company (NYSE:TAP) also forecast a 3% to 4% decline in sales in 2025. Cramer commented on the company in the context of broader changes in alcohol consumption in the United States:

Photo by Gio Bartlett on Unsplash

“Today we see Molson Coors down 2.76. I think this is going to be the year that people are just going to say, these are the worst stocks, the alcohol stocks… Can they recover? I don’t know. It’s when you get GLP-1 and it’s going to be in the form of an Eli Lilly pill, maybe there’s another country down there, and I think people should switch legs, particularly alcohol. The seniors are getting older, they were the heavy drinkers. The young people are mocktails.

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Disclosure: no. This article is originally published in Monkey Insider.