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Molson Coors Brewing Company (TAP)

NYSE: TAP · IEX Real-Time Price · USD
44.44 -0.01 (-0.02%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap9.65B
Revenue (ttm)9.89B
Net Income (ttm)-554.30M
Shares Out217.10M
EPS (ttm)-2.56
PE Ration/a
Forward PE10.01
Dividend$0.34 (0.77%)
Ex-Dividend DateAug 27, 2021
Volume1,216,679
Open44.27
Previous Close44.45
Day's Range43.97 - 44.56
52-Week Range32.31 - 61.04
Beta1.11
AnalystsHold
Price Target56.21 (+26.5%)
Est. Earnings DateOct 28, 2021

About TAP

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

IndustryBeverages
Founded1873
CEOGavin Hattersley
Employees17,000
Stock ExchangeNYSE
Ticker SymbolTAP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for Molson Coors stock is "Hold." The 12-month stock price forecast is 56.21, which is an increase of 26.49% from the latest price.

Price Target
$56.21
(26.49% upside)
Analyst Consensus: Hold

News

Earnings Preview: Molson Coors Brewing (TAP) Q3 Earnings Expected to Decline

Molson Coors (TAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 day ago - Zacks Investment Research

With Five Trail Whiskey Molson Coors Takes Aim At The Spirit Market

As the first full-strength spirit released by Molson Coors Beverage Company (MCBC), it helps to blur further the once-solid lines that used to delineate the American alcohol landscape.

3 days ago - Forbes

Molson Coors To Launch Coca-Cola's Topo Chico Hard Seltzer In Canada During Summer Of 2022

Molson Coors Beverage Co (NYSE: TAP) entered an exclusive agreement with Coca-Cola Co (NYSE: KO) to manufacture, market, and distribute Topo Chico Hard Seltzer in Canada. The product is scheduled to lau...

Other symbols:KO
1 week ago - Benzinga

Molson Coors (TAP) Expands CBD Beverage Line With Truss USA

Molson Coors (TAP) is likely to strengthen its position in the cannabis beverage market by expanding its Veryvell CBD beverages line through Truss USA.

2 weeks ago - Zacks Investment Research

Molson Coors (TAP) to Launch New Hard Seltzer Variety Pack

Driven by the growing demand of hard seltzer, Molson Coors (TAP) is expanding its Topo Chico Hard Seltzer product line to include flavors in its second variety pack.

2 weeks ago - Zacks Investment Research

Drink Up! Hexo And Molson Coors' Joint Venture Expands Veryvell CBD Line To 17 States

Truss CBD USA, a joint venture by Molson Coors Beverage Company (NYSE:TAP) and HEXO USA Inc, a subsidiary of HEXO Corp (NASDAQ:HEXO) reported Wednesday the expansion of Veryvell, a line of hemp-derived ...

Other symbols:HEXO
2 weeks ago - Benzinga

Truss CBD USA, A Molson Coors And HEXO Corp Joint Venture, Expands Veryvell™ CBD Beverages Semi-Nationally

DENVER, Oct. 6, 2021 /PRNewswire/ -- Truss CBD USA, a joint venture by Molson Coors Beverage Company (NYSE: TAP) and HEXO USA Inc, a subsidiary of HEXO Corp (NASDAQ: HEXO), today announces the expansion...

Other symbols:HEXO
2 weeks ago - PRNewsWire

Molson Coors Beverage Company to Webcast 2021 Third Quarter Earnings Conference Call

GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--MOLSON COORS BEVERAGE COMPANY TO WEBCAST 2021 THIRD QUARTER EARNINGS CONFERENCE CALL

2 weeks ago - Business Wire

Hard Seltzer Demand Cratered, Can CBD Revive It?

Cannabis seems to be the one product innovation consumers are willing to support.

Other symbols:BUDDEOSAMSTZ
1 month ago - The Motley Fool

Molson Coors (TAP) to Expand Topo Chico Distribution Nationwide

Driven by positive customer response, Molson Coors (TAP) is likely to expand Topo Chico Hard Seltzer in all 50 states of the United States from January 2022.

1 month ago - Zacks Investment Research

Molson Coors' Topo Chico Hard Seltzer To Expand Nationwide Distribution In 2022

Molson Coors Beverage Co (NYSE: TAP) has announced that Topo Chico Hard Seltzer will officially expand product distribution nationwide beginning January 2022. Topo Chico Hard Seltzer is made with minera...

1 month ago - Benzinga

Topo Chico® Hard Seltzer Expands To Nationwide Distribution In 2022

CHICAGO, Sept. 16, 2021 /PRNewswire/ -- Today, Molson Coors Beverage Company announces Topo Chico ® Hard Seltzer will officially expand product distribution nationwide starting January 2022.

1 month ago - PRNewsWire

Molson Coors' bet on Dwayne Johnson's Zoa Energy is off to a promising start

Zoa Energy, which is distributed by Molson Coors Beverage, is the top new energy drink in the last four weeks of IRI data.

2 months ago - CNBC

Brewers Are Flooding Into Spirits. Should Investors Avoid Them?

As hard seltzer fades, brewers are looking for the next drink sensation.

Other symbols:SAM
2 months ago - The Motley Fool

Molson Coors (TAP) Rises 15% YTD: Can the Momentum Continue?

Molson Coors (TAP) benefits from investments, partnerships and product launches as part of its Revitalization Plan. Innovation and premiumization efforts as well as hard seltzer ambition bode well.

2 months ago - Zacks Investment Research

Molson Coors says hard seltzer is here to stay, as it puts its focus behind Vizzy, Topo Chico

Molson Coors reported better-than-expected earnings on Thursday, but its stock remained flat on concerns about rising transportation and packaging costs.

2 months ago - CNBC

Molson Coors delivers strong earnings beat

In its earnings report, Molson Coors warns of rising transportation costs moving forward, leading the stock to slip, even despite positive earnings. CEO Gavin Hattersley joins The Exchange to talk throu...

2 months ago - CNBC Television

Molson Coors Brewing (TAP) Beats Q2 Earnings and Revenue Estimates

Molson Coors (TAP) delivered earnings and revenue surprises of 14.49% and 2.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Molson Coors Reports 2021 Second Quarter Results

GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Q2 Delivers Best Quarterly Top-Line Growth in More Than a Decade as Company Continues to Deliver on its Revitalization Plan

2 months ago - Business Wire

7 of the Best Cheap Stocks to Buy for August

The current stock market rally has been uneven. This has led to some great opportunities to nab some cheap stocks in great companies.

Other symbols:AALFGEHBINLOKSIRI
2 months ago - InvestorPlace

Should Molson and Anheuser-Busch Investors Brace for More Bad News on Hard Seltzer?

Consumer demand for seltzer has fallen off the table, and these brewers have invested a lot in the space.

Other symbols:BUD
2 months ago - The Motley Fool

Molson Coors (TAP) to Report Q2 Earnings: What's in the Cards?

Revitalization plan, premiumization, beyond beer expansion and omni-channel investment are likely to have aided Molson Coors (TAP) in Q2. Higher marketing spends and COGS are likely to have hurt.

2 months ago - Zacks Investment Research

Here's Why Molson Coors (TAP) is Poised for a Turnaround After Losing 8.2% in 4 Weeks

The heavy selling pressure might have exhausted for Molson Coors (TAP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts ...

3 months ago - Zacks Investment Research

Analysts Estimate Molson Coors Brewing (TAP) to Report a Decline in Earnings: What to Look Out for

Molson Coors (TAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

3 Stocks to Watch As Demand for Ready-to-Drink Alcohol Soars

Ready-to-drink drove alcohol sales in 2020 and looks to do the same this year as well, making it wise to watch out for stocks like Molson Coors (TAP), Anheuser-Busch InBev (BUD) and Constellation Brands...

Other symbols:BUDSTZ
3 months ago - Zacks Investment Research