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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

Beer shares, including Anheuser-Busch Inbev (NYSE:BUD), Ambev S.A. (NYSE:ABEV), and Molson Coors Beverage Company (NYSE:TAP), are trading lower following a weak earnings report from Heineken Holding N.V. (OTC:HKHHF). Heineken reported a net loss due to non-cash impairments, despite organic growth in beer volume. Upcoming earnings reports from these companies are causing market caution.

Portfolio Pulse from Vaishali Prayag

July 29, 2024 | 6:24 pm

Shares of beer companies are trading lower following weak earnings from Heineken.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 2:32 pm

Deutsche Bank analyst Steve Powers maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) but lowers the price target from $62 to $56.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:12 pm

Piper Sandler analyst Michael Lavery maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) but lowers the price target from $69 to $57.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:26 pm

Jefferies analyst Kaumil Gajrawala maintains a Hold rating on Molson Coors Beverage (NYSE:TAP) but lowers the price target from $61 to $57.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:11 pm

Barclays analyst Lauren Lieberman has downgraded Molson Coors Beverage (NYSE:TAP) from Equal-Weight to Underweight and lowered the price target from $55 to $47.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 12:22 pm

JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) but lowers the price target from $60 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:00 pm

A new study led by Dr. Erika Rosen highlights that cannabis is less harmful than alcohol and opioids, suggesting a shift in consumer preferences towards cannabis-infused beverages. This shift presents growth opportunities for the cannabis beverage market. Companies like Constellation Brands, Molson Coors, and Tilray are already investing in this space.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 4:51 am

Molson Coors Beverage Co has entered into Amendment No.1 & Extension Agreement, which amends a previously amended and restated credit deal dated June 26, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:18 pm

Green Thumb Industries has responded to media speculation by stating that it is their policy not to comment on market rumors.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:24 pm

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