Molson Coors Beverage Company (TAP.A)
| Market Cap | 11.68B |
| Revenue (ttm) | 11.94B |
| Net Income (ttm) | 1.17B |
| Shares Out | 207.18M |
| EPS (ttm) | 5.45 |
| PE Ratio | 9.99 |
| Forward PE | 10.03 |
| Dividend | $1.76 (3.14%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 100 |
| Open | 56.01 |
| Previous Close | 58.26 |
| Day's Range | 56.01 - 56.01 |
| 52-Week Range | 54.51 - 68.60 |
| Beta | 0.81 |
| Analysts | Hold |
| Price Target | 60.53 (+8.07%) |
| Earnings Date | Oct 31, 2024 |
About TAP.A
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.A stock is "Hold." The 12-month stock price forecast is $60.53, which is an increase of 8.07% from the latest price.
News
Molson Coors Is Doing Everything Right
Molson Coors is cutting costs, modernizing factories, buying back shares, paying down debt, and promising increased earnings over the long term. Despite attractive dividends and growth potential, Mols...
Molson Coors pumps the brakes on DEI practices
Molson Coors plans to cut supplier diversity quotas and DEI-based training programs, and sever ties with the LGBTQ+ advocacy group Human Rights' Campaigns' Corporate Equality Index. The brewer's decis...
Molson Coors pulls back from DEI, saying earlier programs have been ‘completed'
Molson Coors Beverage Co. has became the latest to say it was backing away from some of its diversity, equity and inclusion policies, after a handful of well-known companies announced similar retreats...
Beer Is Buzzing as Staples Shares Rise, Tech Stocks Droop
On a day when tech shares were leading markets lower, investors decided it was time for a beer.
Molson Coors: Premiumization And Expertise Are Stock Price Drivers
Molson Coors' premiumization strategy in the EMEA and APAC regions drives net sales growth despite volume declines, supported by favorable pricing and sales mix. The company's reduction in net debt an...
Tilray CEO Irwin Simon on Molson Coors deal
Tilray CEO Irwin Simon joins 'Money Movers' to discuss the company's push into the beer category, where the company's focus now exists, and much more.
Cananbis company Tilray buys four Molson Coors brewers as it looks to become ‘beacon for craft brands'
Tilray Inc.'s stock rose Tuesday after the Canadian cannabis company said it is paying an undisclosed sum for four craft-beer brewers from Molson Coors Beverage Co. to add to its presence in the U.S. ...
Tilray to buy four craft breweries from Molson Coors
Tilray Brands would buy four craft breweries from beer maker Molson Coors in a bid to expand business beyond its range of cannabis products, the company said on Tuesday.
TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?
Molson Coors Beverage Company (NYSE: TAP) is in the spotlight today following a downgrade by TD Cowen. Despite Molson Coors posting better-than-expected Q2 earnings and reaffirming its 2024 outlook ye...
Molson Coors Stock Pops After Earnings Beat
Shares of Molson Coors Beverage Company (TAP) jumped over 5% Tuesday after the brewing giant reported better-than-expected sales and profits for the second quarter. The company said an increase in net...
Molson Coors Beverage Company (TAP) Q2 2024 Earnings Call Transcript
Molson Coors Beverage Company (NYSE:TAP) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Traci Mangini - Vice President, Investor Relations Gavin Hattersley - Presiden...
Molson Coors tops quarterly results on strong beer demand in Europe, Asia
Molson Coors beat Wall Street expectations for second-quarter sales and profit on Tuesday, driven by strong demand for its premium Coors Light and Miller Lite beers in the European and Asian regions.
Molson Coors's stock rises on Q2 sales and earnings beat
Molson Coors Beverage Co. stock TAP, -3.33% is up 2.7% in premarket trades Tuesday after the beer maker reported better-than-expected second-quarters sales and earnings. Molson Coors said its second-q...
Molson Coors Beverage Company Reports 2024 Second Quarter Results
GOLDEN, Colo. & MONTRÉAL--(BUSINESS WIRE)--Molson Coors Beverage Company Reports 2024 Second Quarter Results.
The Final Peak Week Of The Q2 Season Begins Amid Souring Economic Data
This marks the last peak week of the Q2 earnings season with 3,908 companies expected to report. Earnings have come in better-than-expected, but tend to be overshadowed by economic data. Outlier earni...
Molson Coors Beverage Company Announces Regular Quarterly Dividend
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company declares quarterly dividend.
A proposed PA law may allow spirit-based canned cocktails to be sold in grocery stores
CNBC's Brandon Gomez reports on new laws that could boost booze sales.
Molson Coors Beverage Company to Webcast 2024 Second Quarter Earnings Conference Call
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company to Webcast 2024 Second Quarter Earnings Conference Call.
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)
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
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.