NYSE:TAP - Molson Coors Brewing Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$59.42 +0.17 (+0.29 %)
(As of 05/24/2019 02:47 AM ET)
Previous Close$59.25
Today's Range$58.3750 - $59.44
52-Week Range$54.17 - $71.04
Volume1.22 million shs
Average Volume1.61 million shs
Market Capitalization$12.84 billion
P/E Ratio11.79
Dividend Yield2.79%
Beta0.79
Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands. It also offers various brands, such as Belgian Moon, Carling, Carling Black Label, Mad Jack, Molson Canadian, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, Rickard's, Brasseurs de Montréal, Creemore Springs, Granville Island, Le Trou du Diable, Amstel Light, Heineken, Murphy's, Newcastle, Strongbow cider, Desperados, Dos Equis, Moretti, and Tecate. In addition, the company provides its products under the Staropramen, Bergenbier, Borsodi, Jelen, Kamenitza, Niksicko, Ozujsko, Aspall Cider, Bavaria, Beck's, Branik, Birradamare, Cobra, Corona Extra, Grolsch, Lowenbrau, Rekorderlig cider, Singha, Sharp's Doom Bar, and Stella Artois brand names. Further, it offers its products under the Thunderbolt, Carling Strong, Coors 1873, Miller Ace, Miller Chill, Miller Ultra, and Zima brands. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005. Molson Coors Brewing Company was founded in 1786 and is headquartered in Denver, Colorado.

Receive TAP News and Ratings via Email

Sign-up to receive the latest news and ratings for TAP and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Malt beverages
Sub-IndustryBrewers
SectorConsumer Staples
CUSIP60871R20
Phone303-927-2337

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.34 billion
Cash Flow$9.1698 per share
Book Value$64.25 per share

Profitability

Net Income$1.12 billion

Miscellaneous

Employees17,750
Market Cap$12.84 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Molson Coors Brewing (NYSE:TAP) Frequently Asked Questions

What is Molson Coors Brewing's stock symbol?

Molson Coors Brewing trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAP."

How often does Molson Coors Brewing pay dividends? What is the dividend yield for Molson Coors Brewing?

Molson Coors Brewing declared a quarterly dividend on Thursday, February 14th. Investors of record on Monday, March 4th will be given a dividend of $0.41 per share on Friday, March 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, March 1st. View Molson Coors Brewing's Dividend History.

How were Molson Coors Brewing's earnings last quarter?

Molson Coors Brewing Co (NYSE:TAP) released its quarterly earnings results on Wednesday, May, 1st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.57 by $0.05. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.33 billion. Molson Coors Brewing had a net margin of 7.46% and a return on equity of 7.92%. Molson Coors Brewing's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. View Molson Coors Brewing's Earnings History.

When is Molson Coors Brewing's next earnings date?

Molson Coors Brewing is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Molson Coors Brewing.

What price target have analysts set for TAP?

11 Wall Street analysts have issued twelve-month price targets for Molson Coors Brewing's shares. Their forecasts range from $55.00 to $84.00. On average, they anticipate Molson Coors Brewing's stock price to reach $69.9091 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View Analyst Price Targets for Molson Coors Brewing.

What is the consensus analysts' recommendation for Molson Coors Brewing?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Brewing in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Molson Coors Brewing.

What are Wall Street analysts saying about Molson Coors Brewing stock?

Here are some recent quotes from research analysts about Molson Coors Brewing stock:
  • 1. According to Zacks Investment Research, "Although Molson Coors lagged the industry in the past month due to its soft top and bottom line results in first-quarter 2019, its portfolio premiumization efforts and robust innovation pipeline bode well to bolster growth in the future. Moreover, the company’s restructuring initiatives to reduce overhead costs and boost profitability bode well. Despite strong pricing gains across all segments, the company’s sales and earnings missed estimates in the first quarter owing to soft volume, adverse currency and cost inflation in all segments. The company estimates softness in the U.S. beer industry, higher input costs and adverse currency to remain deterrents in 2019. Nonetheless, the company’s bottom line gained from global net pricing in all segments, lower G&A expenses and cost savings as well as lower interest expenses, which led to a year over year increase." (5/2/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "TAP’s 4Q18 results fell short with revs/EBITDA -5% / -4% below Street est., w/sales below Street est." (2/12/2019)

Has Molson Coors Brewing been receiving favorable news coverage?

News stories about TAP stock have been trending neutral recently, according to InfoTrie. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Molson Coors Brewing earned a news impact score of 0.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Molson Coors Brewing's key competitors?

What other stocks do shareholders of Molson Coors Brewing own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Molson Coors Brewing investors own include Starbucks (SBUX), Johnson & Johnson (JNJ), Home Depot (HD), Exxon Mobil (XOM), CVS Health (CVS), Altria Group (MO), AT&T (T), Constellation Brands (STZ), Alibaba Group (BABA) and Procter & Gamble (PG).

Who are Molson Coors Brewing's key executives?

Molson Coors Brewing's management team includes the folowing people:
  • Mr. Mark R. Hunter, Pres, CEO & Director (Age 56)
  • Ms. Tracey I. Joubert, Chief Financial Officer (Age 52)
  • Mr. Celso L. White, Chief Supply Chain Officer (Age 57)
  • Mr. Gavin D. K. Hattersley, Pres & CEO of MillerCoors LLC (Age 56)
  • Mr. Simon J. Cox, Pres & CEO of Molson Coors Europe (Age 51)

Who are Molson Coors Brewing's major shareholders?

Molson Coors Brewing's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.45%), JPMorgan Chase & Co. (2.90%), Wells Fargo & Company MN (2.30%), LSV Asset Management (1.77%), Boston Partners (1.66%) and Geode Capital Management LLC (1.25%). Company insiders that own Molson Coors Brewing stock include Gavin Hattersley, Krishnan Anand, Mark Hunter, Peter H Coors, Simon Cox and Tracey Joubert. View Institutional Ownership Trends for Molson Coors Brewing.

Which major investors are selling Molson Coors Brewing stock?

TAP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FMR LLC, Lazard Asset Management LLC, Renaissance Technologies LLC, Morgan Stanley, Diamond Hill Capital Management Inc., Chartwell Investment Partners LLC and Principal Financial Group Inc.. Company insiders that have sold Molson Coors Brewing company stock in the last year include Krishnan Anand, Mark Hunter and Simon Cox. View Insider Buying and Selling for Molson Coors Brewing.

Which major investors are buying Molson Coors Brewing stock?

TAP stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., Thompson Siegel & Walmsley LLC, AQR Capital Management LLC, LSV Asset Management, Acadian Asset Management LLC, TD Asset Management Inc. and Equity Investment Corp. View Insider Buying and Selling for Molson Coors Brewing.

How do I buy shares of Molson Coors Brewing?

Shares of TAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Molson Coors Brewing's stock price today?

One share of TAP stock can currently be purchased for approximately $59.42.

How big of a company is Molson Coors Brewing?

Molson Coors Brewing has a market capitalization of $12.84 billion and generates $13.34 billion in revenue each year. The company earns $1.12 billion in net income (profit) each year or $5.04 on an earnings per share basis. Molson Coors Brewing employs 17,750 workers across the globe.

What is Molson Coors Brewing's official website?

The official website for Molson Coors Brewing is http://www.molsoncoors.com/.

How can I contact Molson Coors Brewing?

Molson Coors Brewing's mailing address is 1801 CALIFORNIA STREET SUITE 4600, DENVER CO, 80202. The company can be reached via phone at 303-927-2337 or via email at [email protected]


MarketBeat Community Rating for Molson Coors Brewing (NYSE TAP)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  389 (Vote Outperform)
Underperform Votes:  402 (Vote Underperform)
Total Votes:  791
MarketBeat's community ratings are surveys of what our community members think about Molson Coors Brewing and other stocks. Vote "Outperform" if you believe TAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel