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TAP

Molson Coors Beverage Company

https://www.molsoncoors.com

Industry

Beverages - Alcoholic

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. 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.

Open

57.95

Mkt cap

12B

Volume

3.2M

High

60.55

P/E Ratio

13.41

52-wk high

69.18

Low

57.69

Div yield

0.03

52-wk low

49.19

Vice President Kamala Harris appeared on 'The Late Show With Stephen Colbert,' where she drank a Miller High Life beer and criticized Donald Trump. The show aired on CBS, a unit of Paramount Global. Harris' choice of beer, owned by Molson Coors Beverage Co, may have been a strategic move to appeal to voters in swing states like Wisconsin.

Portfolio Pulse from Chris Katje

October 09, 2024 | 6:42 pm

Over the past three months, 13 analysts have shared their insights on Molson Coors Beverage (NYSE:TAP), with most ratings being indifferent. The average 12-month price target has decreased by 4.39% to $55.31. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Molson Coors faces challenges in revenue growth but shows strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 5:00 pm

TD Cowen analyst Vivien Azer maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) and lowers the price target from $58 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 3:23 pm

Several consumer staples stocks experienced significant price movements during Friday's intraday session. Notable gainers included Chanson International, Safety Shot, Laird Superfood, Molson Coors Beverage, Farmer Bros, and Maison Solutions. On the losing side, Elevai Labs, Big Tree Cloud Holdings, Innovation Beverage Group, China Jo-Jo Drugstores, and Mangoceuticals saw declines.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 4:32 pm

Tilray Brands, Inc. (NASDAQ:TLRY) is set to release its financial results on October 10, 2024. The company has shown significant growth in its cannabis and beverage-alcohol segments, with recent acquisitions in the U.S. craft beer market. Analyst Pablo Zuanic suggests TLRY as a long-term holding due to its liquidity and market position.

Portfolio Pulse from Jelena Martinovic

October 01, 2024 | 4:22 pm

Tilray Brands, Inc. (NASDAQ:TLRY) acquired a $23.8 million promissory note from Double Diamond Holdings Ltd, issuing 13.2 million shares in return. This follows Tilray's acquisition of Atwater Brewery from Molson Coors (NYSE:TAP), enhancing its position in the U.S. craft beer market.

Portfolio Pulse from Jelena Martinovic

September 17, 2024 | 2:14 pm

Tilray Brands, Inc. has completed the acquisition of Atwater Brewery from Molson Coors, expanding its presence in the Great Lakes region. This move is part of Tilray's strategy to grow its U.S. brewery business while continuing its focus on cannabis. Tilray's shares closed 1.16% lower at $1.70.

Portfolio Pulse from Nina Zdinjak

September 13, 2024 | 12:15 pm

Molson Coors, the maker of Coors Light and Miller beers, announced it will roll back some of its diversity, equity, and inclusion (DEI) initiatives. The company will no longer participate in the Human Rights Campaign's scoring system for LGBTQ+ inclusion.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:38 pm

Molson Coors Beverage Company shares increased by 4% following their presentation at the Barclays Global Consumer Staples Conference. Constellation Brands is also presenting at the same conference.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:49 pm

Tilray Brands, Inc. has completed the acquisition of three US craft breweries from Molson Coors, enhancing its position as a leading craft brewer in the US. This strategic move is expected to boost Tilray's beer business by 30% and increase production to 15 million cases annually.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 3:07 pm

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