Molson Coors Beverage Company (TAP)
| Market Cap | 13.21B |
| Revenue (ttm) | 11.54B |
| Net Income (ttm) | 255.10M |
| Shares Out | 215.85M |
| EPS (ttm) | 1.16 |
| PE Ratio | 52.77 |
| Forward PE | 11.23 |
| Dividend | $1.64 (2.68%) |
| Ex-Dividend Date | Nov 30, 2023 |
| Volume | 527,862 |
| Open | 61.06 |
| Previous Close | 61.25 |
| Day's Range | 60.93 - 61.39 |
| 52-Week Range | 48.49 - 70.90 |
| Beta | 0.93 |
| Analysts | Hold |
| Price Target | 67.71 (+10.62%) |
| Earnings Date | Feb 20, 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, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Hop Valley brands, Leinenkugel's, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banque... [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 $67.71, which is an increase of 10.62% from the latest price.
News
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...
Molson Coors OKs $2 billion buyback program, targets long-term sales growth in the low single digits
Molson Coors Beverage Co. TAP, -1.58% on Tuesday said its board had cleared a five-year, $2 billion stock buyback program and said it was “on track” to deliver its second straight year of sales and pr...
Molson Coors Beverage Company Introduces Plan to Accelerate Its Growth and Provides Long-Term Financial Outlook at Its 2023 Strategy Day
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company Introduces Plan to Accelerate Its Growth and Provides Long-Term Financial Outlook at Its 2023 Strategy Day.
Molson Coors Beverage Company Announces In-Person and Virtual 2023 Strategy Day
GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--MOLSON COORS BEVERAGE COMPANY ANNOUNCES IN-PERSON AND VIRTUAL 2023 STRATEGY DAY.
Molson Coors Beverage Company Expands Partnership With ZOA Energy Through Increased Investment
CHICAGO--(BUSINESS WIRE)--Molson Coors Beverage Company ("MCBC" or "Molson Coors") (NYSE: TAP, TAP.A) has reached an agreement to expand its partnership with ZOA Energy, a leading energy drink brand c...
Alcohol use drops among young adults, while cannabis consumption grows: Gallup poll
The number of adults age 34 and younger who say they drink alcoholic beverages has dropped during a period of rising cannabis use, according to new survey from Gallup.
Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles
Tilray Brands, a major cannabis company, is tapping into the beverage industry with recent acquisitions from Molson Coors and Anheuser-Busch.
Tilray buys remaining 58% stake in THC beverage company Truss Beverage from Molson Coors
Tilray Brands Inc. TLRY, +1.14% said Friday it is buying the remaining 57.5% equity ownership of Truss Beverage Co. from Molson Coors Canada TAP, -0.45% to gain full control of the THC beverage maker,...
Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply
With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es...
Molson Coors Addition Of Blue Run Spirits Shows Their Commitment To Becoming A Total Beverage Company
The acquisition of Blue Run Spirits allows Molson Coors to expand their reach, and make a serious play for bourbon lovers, all in their effort to create a total beverage company.
As drinkers shift to spirits, Molson Coors acquires a bourbon maker
Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to C...
Molson Coors Beverage Company Acquires Blue Run Spirits, Further Expanding Its Portfolio Beyond the Beer Aisle
CHICAGO & GEORGETOWN, K.Y.--(BUSINESS WIRE)--Molson Coors Beverage Company ("MCBC" or "Molson Coors") (NYSE: TAP, TAP.A) has reached an agreement to acquire Blue Run Spirits (“Blue Run”), a visionary ...
Bud Light shelf space, bar taps are being reallocated for other beers: Molson Coors CEO
The Wall Street Journal noted that the 'biggest beneficiary of Bud Light's woes' is rival company Molson Coors Beverage
Coors Light, Miller Lite combined sales now '50% bigger than Bud Light': Molson Coors CEO
Molson Coors beer brands are swallowing Bud Light's market share in the wake of Bud's Dylan Mulvaney marketing campaign. Molson Coors reported second-quarter earnings Tuesday.