Molson Coors Beverage Company (TAP)
| Market Cap | 13.38B |
| Revenue (ttm) | 11.70B |
| Net Income (ttm) | 948.90M |
| Shares Out | 212.74M |
| EPS (ttm) | 4.37 |
| PE Ratio | 14.58 |
| Forward PE | 11.13 |
| Dividend | $1.76 (2.80%) |
| Ex-Dividend Date | Feb 29, 2024 |
| Volume | 129,024 |
| Open | 63.41 |
| Previous Close | 63.70 |
| Day's Range | 62.85 - 63.89 |
| 52-Week Range | 55.67 - 70.90 |
| Beta | 0.85 |
| Analysts | Hold |
| Price Target | 68.88 (+9.44%) |
| Earnings Date | Apr 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 18 analysts, the average rating for TAP stock is "Hold." The 12-month stock price forecast is $68.88, which is an increase of 9.44% from the latest price.
News
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.
Alcohol sales underperform when cannabis is available, says Cowen's Vivien Azer
Vivien Azer, Cowen & Co. senior research analyst, joins 'Power Lunch' to discuss the headwinds for the craft beer sector.
Molson Coors Nominates Jill Timm as an Independent Director to Join Its Board of Directors
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--The Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) Board of Directors announced today that Jill Timm has been nominated as an independen...
Moody's upgrades Molson Coors by one notch and says it has enough cash to reduce debt while rewarding shareholders
Moody's Investors Service upgraded Molson Coors Beverage Co.'s TAP, +2.10% senior unsecured rating to Baa2 from Baa3 on Wednesday, and revised the outlook to positive. The move reflects “consistent de...
Molson Coors Beverage Company Announces Regular Quarterly Dividend
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company Announces Regular Quarterly Dividend.
Molson Coors's stock jumps 2.4% after Deutsche Bank upgrade
Molson Coors Beverage Co.'s stock rose 2.4% on Friday, after Deutsche Bank upgraded the stock to hold from sell and said risks around the company's ability to retain its current robust growth are suff...
Molson Coors' stock pops premarket after earnings crush estimates and company raises profit guidance
Molson Coors Beverage Co.' stock TAP, +0.74% rose 1.4% premarket Thursday, after the brewer beat estimates for the third quarter by a wide margin and raised profit guidance. The company posted net inc...
Molson Coors Beverage Company Reports 2023 Third Quarter Results
GOLDEN, Colo. & MONTRÉAL--(BUSINESS WIRE)--Molson Coors Beverage Company Reports 2023 Third Quarter Results.
Molson Coors Beverage Company to Webcast 2023 Third Quarter Earnings Conference Call
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company to Webcast 2023 Third Quarter Earnings Conference Call.
Molson Coors CEO Gavin Hattersley sits down with Jim Cramer
Molson Coors CEO Gavin Hattersley joins 'Mad Money' host Jim Cramer to talk what's ahead for the company.
One of our big innovations is Blue Moon non-alcoholic, says Molson Coors CEO Gavin Hattersley
Molson Coors CEO Gavin Hattersley joins 'Mad Money' host Jim Cramer to talk what's ahead for the company.
Trending stocks: GM, Toyota, Molson Coors: October 3, 2023
General Motors (GM) and Toyota (TM) posted double-digit sales gains in the third quarter. GM's third-quarter sales were up 21 percent year-over-year and Toyota's sales increased 12 percent year-over-y...