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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

Wall Street is set for a weaker open as traders await the consumer price inflation report for January, with concerns over overbought levels and the Federal Reserve's rate trajectory. Fund manager Louis Navellier expects benign inflation numbers, highlighting shelter costs as a key component. U.S. stocks closed mixed on Monday, with the Dow re-entering record territory. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF saw premarket declines. Several companies, including ZoomInfo Technologies and Tripadvisor, moved on earnings news or strategic announcements.

Portfolio Pulse from Shanthi Rexaline

February 13, 2024 | 11:39 am

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

Super Bowl LVIII featured commercials from a wide range of companies, with ad slots priced at around $7 million for 30 seconds. Paramount Global Inc aired the game on CBS, Nickelodeon, and streamed it on Paramount+. The overtime period likely resulted in additional ads. Companies like Keurig Dr Pepper, Intuit, Flutter Entertainment, Disney, Alphabet, Comcast, Unilever, PepsiCo, Restaurant Brands International, CoStar Group, Kellanova, Anheuser-Busch InBev, PDD Holdings, L'Oreal, Booking Holdings, T-Mobile US, Molson Coors Beverage, Mondelez International, Morgan Stanley, The Hershey Company, Squarespace, Snap Inc, Deckers Outdoor, e.l.f. Beauty, Etsy, Apple, Danone, Maplebear, Uber Technologies, Pfizer, Skechers, Toyota Motor Corporation, Amazon.com, Ally Financial, Progressive Corporation, Discovery Financial Services, and DoorDash were among those who advertised during the event.

Portfolio Pulse from Chris Katje

February 12, 2024 | 6:40 pm

Super Bowl LVIII will feature commercials from a wide range of companies, with Paramount Global airing the game on CBS, Nickelodeon, and Paramount+. The trend of celebrity inclusion in ads continues, with a notable focus on the 'Taylor Swift effect' expected to boost viewership. Companies like E.L.F. Beauty and Unilever are airing Super Bowl commercials for the first time in years, while Anheuser-Busch InBev and Molson Coors Beverage Company leverage the event to promote their beer brands. Other notable ads include FanDuel's interactive commercial, PepsiCo's introduction of Starry, and tech companies like Google and Microsoft showcasing their latest innovations. The event will also feature movie and TV series trailers from Paramount, The Walt Disney Company, and Comcast Corporation.

Portfolio Pulse from Chris Katje

February 09, 2024 | 4:41 pm

Molson Coors Beverage (NYSE:TAP) has received consistent 'Hold' ratings from five analysts in the past three months, with no change in sentiment in the last 30 days. The average 12-month price target for TAP has risen to $64.4, up from $61.00, with a high estimate of $70.00 and a low of $58.00. Analysts from Barclays, HSBC, Jefferies, Wedbush, and Deutsche Bank have provided recent evaluations, with some adjusting their price targets. Molson Coors, known for brands like Miller and Coors, has shown a revenue growth of 12.37% and a high net margin of 13.06%, but faces challenges with a below-average ROA and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 7:01 pm

Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on Molson Coors Beverage (NYSE:TAP) but reduced the price target from $65 to $64.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:41 pm

Constellation Brands (NYSE:STZ) reported Q3 financials below expectations due to high inflation affecting demand for its high-priced spirits. Sales were $2.47 billion, missing estimates of $2.54 billion. Organic net sales for premium wines and spirits dropped 7%, with an expected annual drop of 7-9%. Beer sales grew 4%, benefiting from smaller pack sizes and competitor Anheuser-Busch InBev's (NYSE:BUD) social media backlash. Boston Beer (NYSE:SAM) reported flat revenues but is innovating with new flavors. Constellation faces challenges with high packaging costs, competition, and operating expenses but maintains its fiscal 2024 profit forecast.

Portfolio Pulse from Upwallstreet

January 12, 2024 | 2:57 pm

Molson Coors Beverage Co (NYSE:TAP) has announced the release of Miller Lite Beer Mints, a new product designed for those participating in Dry January. The mints, which have a spearmint taste that transitions to the flavor of Miller Lite, will be sold in tins of roughly 40 for $5. Available from Jan. 12, with a restock on Jan. 19, they are targeted at consumers who want to enjoy the taste of beer without alcohol.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 9:45 pm

The article discusses the financial benefits of participating in Dry January, where people abstain from alcohol, saving money that could be invested. It mentions the Vanguard High Dividend Yield ETF (VYM) as a comparable U.S. investment to a U.K. dividend yield ISA. It also highlights healthcare stocks like Eli Lilly (LLY), Pfizer (PFE), Moderna (MRNA), and Merck & Company (MRK) as potential investments, with LLY making gains from weight-loss treatments and PFE close to releasing a similar product. Alcohol company stocks like Molson Coors (TAP) and Constellation Brands (STZ) have also seen increases in the first week of January.

Portfolio Pulse from Neil Dennis

January 05, 2024 | 5:20 pm

Morning Consult's annual survey lists the fastest growing brands in the U.S. for 2023, with ChatGPT leading overall and OpenAI ranking seventh. Technology and beverage brands dominate the lists, with notable mentions of Tesla, Meta Platforms, Alphabet, and Apple among various age demographics. PepsiCo's Starry and Zelle also feature prominently. The survey's results could indicate gaining consumer interest and potential market share increases for these companies.

Portfolio Pulse from Chris Katje

December 07, 2023 | 11:07 am

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