Molson Coors Beverage Company (TAP)
| Market Cap | 10.74B |
| Revenue (ttm) | 11.95B |
| Net Income (ttm) | 1.08B |
| Shares Out | 212.33M |
| EPS (ttm) | 5.00 |
| PE Ratio | 10.11 |
| Forward PE | 8.88 |
| Dividend | $1.76 (3.48%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 1,013,706 |
| Open | 50.69 |
| Previous Close | 50.60 |
| Day's Range | 50.16 - 50.72 |
| 52-Week Range | 49.19 - 70.90 |
| Beta | 0.82 |
| Analysts | Hold |
| Price Target | 64.79 (+28.15%) |
| Earnings Date | Jul 30, 2024 |
About TAP
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Ber... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for TAP stock is "Hold." The 12-month stock price forecast is $64.79, which is an increase of 28.15% from the latest price.
News
Why Miller High Life is now on the menu at some of the fanciest restaurants in America
Marc Forgione is a Michelin-starred chef who knows how to offer diners the deluxe treatment. At his newly relocated New York City restaurant, simply called Forgione, he serves up such fanciful and cre...
Legal cannabis sales eat into beer revenue, survey data shows
Consumer surveys in Canada and the U.S. show that alcohol consumption is down in areas where adults have the option to consume legal cannabis, Bernstein analyst Nadine Sarwat said in a research note o...
Top 5 Defensive Stocks That May Explode This Quarter - Molson Coors Beverage (NYSE:TAP)
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Jade Global is Now HIPAA Compliant
SAN JOSE, Calif.--(BUSINESS WIRE)--Jade Global, a leading Silicon Valley-based Enterprise Technology services partner, is now HIPAA (Health Insurance Portability and Accountability Act) compliant. Jad...
Molson Coors Beverage Company Announces Pricing of its Public Offering of Euro-Denominated Senior Notes
GOLDEN, Colo. & MONTRÉAL--(BUSINESS WIRE)--Molson Coors Beverage Company (“Molson Coors” or the “Company”) (NYSE: TAP, TAP.A, TAP 24; TSX: TPX.A, TPX.B) announced today that it has priced its previous...
Molson Coors Beverage Company Announces Proposed Public Offering of Euro-Denominated Senior Notes
GOLDEN, Colo. & MONTRÉAL--(BUSINESS WIRE)--Molson Coors Beverage Company Announces Proposed Public Offering of Euro-Denominated Senior Notes.
Supreme Court Justice Alito sold Bud Light stock, then bought Coors, during boycott
Samuel Alito sold AB InBev stock and bought Molson Coors on the same day, according to a financial transaction report for the Supreme Court justice.
Molson Coors Beverage Company Announces Regular Quarterly Dividend
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) today declared a regular quarterly dividend on its Class A and Class B common stoc...
The Non-Tech Trade: Finding Names Outside of Tech Sector
We're looking for the stocks that have the best chance of surprising the street, notes Todd Gervasini. He discusses finding names outside of the tech sector.
Molson Coors profit nearly triples and beats analysts' estimate
Molson Coors Beverage Co.'s stock TAP, +1.63% rose fractionally in premarket trading on Tuesday after the beer maker said it booked a “strong start” to the year by nearly tripling its net income while...
Molson Coors Beverage Company Reports 2024 First Quarter Results
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company Reports 2024 First Quarter Results.
Molson Coors' gains from the Bud Light boycott have run their course, analysts say
When a conservative-led boycott hit Bud Light's sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming t...
Three-Stock Lunch: Boeing, Nasdaq & Molson Coors
Malcolm Ethridge, CIC Wealth EVP, joins 'Power Lunch' to discuss plays for three stocks: Boeing, Nasdaq and Molson Coors.
Jefferies' Ed Mundy breaks down the generational shift from beer to spirits
Ed Mundy, Jefferies managing director, joins 'Power Lunch' to discuss spirits outselling beer again in 2023, and what it means for the alcohol industry.
Teamsters call for nationwide boycott of Molson Coors amid labor dispute
The Teamsters union is calling for a nationwide boycott of Molson Coors amid stalled talks with striking workers, asking that beer drinkers switch to Anheuser-Busch products.
Molson Coors Beverage Company to Webcast 2024 First Quarter Earnings Conference Call
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company to Webcast 2024 First Quarter Earnings Conference Call.
Teamsters target Bud Light parent Anheuser-Busch, Molson Coors
The Teamsters union is striking at Molson Coors' Texas brewery and threatening to strike at all 12 U.S. Anheuser-Busch breweries as it remains locked in contract negotiations.
Molson Coors looks to lock in market share gains as consumers shift away from Bud Light
Molson Coors gained market share after the Bud Light boycott last year. Now executives believe they can maintain the growth they've seen in the last year.
SHOP, DDOG, TAP Earnings & Carl Icahn Stake In JBLU
Shopify (SHOP) expects revenue growth at a low-twenties percentage rate over 4Q. Jeff Pierce discusses this, along with how Datadog (DDOG) is lower following earnings and guidance came in below estima...
Molson Coors' stock up nearly 3% after earnings beat
Molson Coors Beverage Co. ‘s stock TAP, +3.12% rose 2.9% premarket after the company posted stronger-than-expected earnings for the fourth quarter. The company had net income of $103.3 million, or 48 ...
Molson Coors Beverage Company Reports 2023 Fourth Quarter and Full Year Results
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company Reports 2023 Fourth Quarter and Full Year Results.
Texas Molson Coors brewery workers prepare to strike, potentially impacting several major beverage brands
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.
Super Bowl ads: Bud Light and Coors fight to win back customers through strong advertising push
With the Super Bowl LVIII approaching this Sunday, brands are preparing ads to reach the massive viewer audience. Peter Galbo, Bank of America's Food & Beverage Analyst, joined Yahoo Finance Live to d...
Alcohol trends and stocks for investors to watch
Spirits are gaining their share in the US alcohol market as consumer demographics — both men and women — are diversifying their palettes and becoming more open to what they drink. Nadine Sarwat, Berns...
Molson Coors Beverage Company to Webcast 2023 Fourth Quarter and Full Year Earnings Conference Call
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company to Webcast 2023 Fourth Quarter and Full Year Earnings Conference Call.