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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

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

Boston Beer Co (NYSE:SAM) reported Q1 financial results surpassing analyst expectations with net revenue of $426.1 million, a 3.1% increase over estimates, and EPS of $1.04, significantly above the 9 cents estimate. The company's success is partly attributed to a backlash against Anheuser-Busch Inbev (NYSE:BUD) by conservative beer drinkers. Despite concerns of THC cannibalizing alcohol sales, both Boston Beer and Tilray Brands Inc. (NASDAQ:TLRY) have seen growth in their alcohol segments, with Tilray's alcohol revenue jumping 117% to $47 million. Boston Beer continues to explore the cannabis beverage market with products like Teapot, Canada's premier cannabis tea brand, while other beer giants like Molson Coors Beverages Co. (NYSE:TAP) have exited cannabis ventures.

Portfolio Pulse from Anthony Noto

April 26, 2024 | 6:58 pm

In Friday's intraday session, several consumer staples stocks experienced significant movements. Notably, Branchout Food (BOF) led the gainers with a 34.9% increase, while Edible Garden AG (EDBL) headed the losers with a 13.0% decline. Other notable movers included Nuzee (NUZE), Smart for Life (SMFL), Oatly Group (OTLY), and BBB Foods (TBBB) among the gainers, and Barfresh Food Group (BRFH), Vintage Wine Estates (VWE), Molson Coors Beverage (TAP), and Flora Growth (FLGC) among the losers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

Molson Coors Beverage Co. (TAP) shares have declined following a downgrade by Citigroup from Neutral to Sell, indicating a bearish outlook on the stock.