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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

60.84

Mkt cap

13B

Volume

852K

High

61.74

P/E Ratio

13.75

52-wk high

69.18

Low

60.68

Div yield

0.03

52-wk low

49.19

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

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced the acquisition of four craft breweries from Molson Coors Beverage Company (NYSE:TAP). This acquisition is expected to expand Tilray's portfolio and increase its beer business to 15 million cases annually.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 3:19 pm

Tilray Brands, Inc. (NASDAQ:TLRY) has announced a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company (NYSE:TAP). This strategic acquisition is expected to strengthen Tilray's craft beer leadership in the U.S. and solidify its position as the #1 craft brewer in the Pacific Northwest and Georgia. The acquisition is projected to grow Tilray's beverage division's new beer accounts by 30%. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:16 pm

Tilray Brands is reportedly in talks to acquire certain labels from Molson Coors, according to Bloomberg. This potential acquisition could expand Tilray's portfolio and market presence.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:51 pm

Barclays analyst Lauren Lieberman maintains an Underweight rating on Molson Coors Beverage (NYSE:TAP) but raises the price target from $47 to $49.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:20 pm

TD Cowen analyst Vivien Azer has downgraded Molson Coors Beverage (NYSE:TAP) from Buy to Hold and lowered the price target from $68 to $58.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:01 pm

JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $54 to $57.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:41 pm

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