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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

Deutsche Bank analyst Steve Powers maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $56 to $57.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:22 pm

UBS analyst Peter Grom maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $55 to $58.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:58 pm

Wells Fargo analyst Chris Carey maintains an Underweight rating on Molson Coors Beverage (NYSE:TAP) but raises the price target from $50 to $54.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:50 pm

Piper Sandler analyst Michael Lavery maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $57 to $59.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:44 am

Jim Cramer suggests that despite market turmoil, strong corporate earnings from companies like Uber, Caterpillar, and others indicate that the U.S. is not heading into a serious recession.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 3:48 am

Molson Coors Beverage Company (NYSE:TAP) reported strong Q2 2024 results, surpassing earnings and sales estimates. The company achieved adjusted EPS of $1.92 and net sales of $3.252 billion. Despite a slight decrease in net sales, the company grew its bottom line by 5.2%. Molson Coors declared a dividend of $0.44 per share and returned $564 million to shareholders. The company reaffirmed its outlook for 2024, expecting low single-digit sales growth and mid-single-digit growth in underlying income before taxes.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 4:05 pm

Yum China Holdings, Inc. (NYSE:YUMC) reported better-than-expected second-quarter earnings and announced a CFO transition, leading to a 11.6% surge in its stock price. Other notable stock movements include Lumen Technologies, Inc. (NYSE:LUMN) rising 90% after securing $5 billion in new business, and Clear Secure, Inc. (NYSE:YOU) gaining 26.4% following strong financial results and positive revenue guidance. Several other companies also saw significant gains due to better-than-expected earnings and guidance.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 3:47 pm

Molson Coors expects a low single-digit net sales increase for FY24, indicating steady but modest growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:33 am

Molson Coors Beverage (NYSE:TAP) reported Q2 2024 adjusted EPS of $1.92, beating the estimate of $1.68. Sales were $3.252 billion, surpassing the $3.181 billion estimate but showing a slight decrease from last year's $3.267 billion.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:31 am

Shares of companies within the consumer discretionary sector are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

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