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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

58.79

Mkt cap

12B

Volume

1.7M

High

59.92

P/E Ratio

11.14

52-wk high

69.18

Low

58.79

Div yield

0.03

52-wk low

49.19

Molson Coors Beverage Company (NYSE:TAP) held its Q3 2024 earnings conference call on November 7, 2024. Key corporate participants included Traci Mangini, Gavin Hattersley, and Tracey Joubert. The call featured questions from analysts at major financial institutions.

Portfolio Pulse from

November 07, 2024 | 5:30 pm

Molson Coors (TAP) released its Q3 earnings for the quarter ended September 2024. The report provides insights into the company's performance, comparing key metrics against Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 07, 2024 | 4:00 pm

Molson Coors Brewing (TAP) reported Q3 earnings of $1.80 per share, surpassing the Zacks Consensus Estimate of $1.65 per share, but slightly down from $1.92 per share a year ago.

Portfolio Pulse from

November 07, 2024 | 2:00 pm

Molson Coors reported a decline in U.S. beer volumes, resulting in a sales miss. This reflects broader weakness in the U.S. beer industry.

Portfolio Pulse from

November 07, 2024 | 1:00 pm

Tilray Brands (NASDAQ:TLRY) is viewed as a cautious investment by Zuanic & Associates, with a 'Neutral' rating due to short-term uncertainties despite a solid balance sheet and global assets. The company is expanding internationally, especially in Germany, but faces challenges like high operating expenses and market share losses in Canada. In the U.S., Tilray is expanding its beverage portfolio with craft beer brands from Molson Coors (NYSE:TAP), aiming to enter the non-alcoholic hemp drink market. However, rising costs and share dilution are concerns, and the company needs to drive organic growth to justify its valuation. Zuanic advises investors to wait for clearer growth evidence.

Portfolio Pulse from Nicolás Jose Rodriguez

October 29, 2024 | 9:25 pm

Top Wall Street analysts have updated their price targets for several major companies. Notable changes include NVIDIA's target raised by B of A Securities, Blackstone's by TD Cowen, and Netflix's by Bernstein. These updates reflect varying levels of confidence in the companies' future performance.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 3:34 pm

JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $57 to $60.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:13 pm

Tilray Brands, Inc. (NASDAQ:TLRY) has launched a series of fall-themed craft beers through its various beverage brands, following its acquisition of four craft breweries from Molson Coors Beverage Company (NYSE:TAP). The company is expanding its presence in the U.S. market with these new offerings and a strategic focus on cannabis and beverage industries.

Portfolio Pulse from Jelena Martinovic

October 16, 2024 | 2:44 pm

Tilray Brands, Inc. reported a 13% year-over-year increase in Q1 net revenue to $200 million, with improvements in gross profit and net loss. The company is expanding its presence in the U.S. beverage market and continues to innovate in the cannabis sector.

Portfolio Pulse from Nina Zdinjak

October 10, 2024 | 2:21 pm

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

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