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NYSE:TAP

Molson Coors Beverage (TAP) Stock Forecast, Price & News

$52.44
-3.41 (-6.11%)
(As of 05/18/2022 04:04 PM ET)
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Compare
Today's Range
$52.33
$55.45
50-Day Range
$50.34
$56.78
52-Week Range
$42.46
$61.48
Volume
1.86 million shs
Average Volume
1.65 million shs
Market Capitalization
$11.37 billion
P/E Ratio
10.62
Dividend Yield
2.72%
Beta
0.85
30 days | 90 days | 365 days | Advanced Chart
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Molson Coors Beverage logo

About Molson Coors Beverage

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.

Headlines

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Industry, Sector and Symbol

Industry
Malt beverages
Sub-Industry
Brewers
CUSIP
60871R20
Employees
16,300
Year Founded
1786

Sales & Book Value

Annual Sales
$12.45 billion
Cash Flow
$7.32 per share
Book Value
$62.97 per share

Profitability

Net Income
$1.01 billion
Pretax Margin
10.02%

Debt

Price-To-Earnings

Miscellaneous

Free Float
211,907,000
Market Cap
$11.37 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/18 Dividend
3/04/2022
Dividend Payable
3/18/2022
Last Earnings
5/03/2022
Today
5/18/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.40 out of 5 stars

Consumer Staples Sector

63rd out of 192 stocks

Malt Beverages Industry

3rd out of 6 stocks

Analyst Opinion: 1.1Community Rank: 4.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -













Molson Coors Beverage (NYSE:TAP) Frequently Asked Questions

Is Molson Coors Beverage a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Beverage in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Molson Coors Beverage stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TAP, but not buy additional shares or sell existing shares.
View analyst ratings for Molson Coors Beverage
or view top-rated stocks.

When is Molson Coors Beverage's next earnings date?

Molson Coors Beverage is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Molson Coors Beverage
.

How were Molson Coors Beverage's earnings last quarter?

Molson Coors Beverage (NYSE:TAP) announced its earnings results on Tuesday, May, 3rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.14 billion. Molson Coors Beverage had a trailing twelve-month return on equity of 7.12% and a net margin of 8.36%. Molson Coors Beverage's revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share.
View Molson Coors Beverage's earnings history
.

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

Molson Coors Beverage announced a quarterly dividend on Tuesday, February 22nd. Stockholders of record on Monday, March 7th will be paid a dividend of $0.38 per share on Friday, March 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, March 4th. This is a boost from Molson Coors Beverage's previous quarterly dividend of $0.34.
View Molson Coors Beverage's dividend history
.

Is Molson Coors Beverage a good dividend stock?

Molson Coors Beverage pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.72%. Molson Coors Beverage does not yet have a strong track record of dividend growth. The dividend payout ratio of Molson Coors Beverage is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Molson Coors Beverage will have a dividend payout ratio of 35.27% next year. This indicates that Molson Coors Beverage will be able to sustain or increase its dividend.
View Molson Coors Beverage's dividend history.

What price target have analysts set for TAP?

8 equities research analysts have issued 1-year price objectives for Molson Coors Beverage's stock. Their forecasts range from $41.00 to $70.00. On average, they expect Molson Coors Beverage's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Molson Coors Beverage
or view top-rated stocks among Wall Street analysts.

Who are Molson Coors Beverage's key executives?
Molson Coors Beverage's management team includes the following people:
  • Mr. Gavin D. K. Hattersley, Pres, CEO & Director (Age 59, Pay $2.99M)
  • Ms. Tracey I. Joubert, Chief Financial Officer (Age 55, Pay $1.62M)
  • Ms. Michelle E. St. Jacques, Chief Marketing Officer (Age 44, Pay $1.26M)
  • Mr. Peter John Marino, Pres of Emerging Growth (Age 49, Pay $999.48k)
  • Ms. Roxanne M. Stelter, VP, Controller, Chief Accounting Officer & Principal Accounting Officer (Age 45)
  • Greg Tierney, VP of SP&A and Investor Relations
  • Ms. Anne-Marie Wieland D'Angelo, Chief Legal & Gov. Affairs Officer and Sec. (Age 45)
  • Mr. Dave Osswald, Chief People & Diversity Officer
  • Mr. Sergey K. Yeskov, Pres & CEO of Molson Coors EMEA APAC (Age 45)
  • Mr. Kevin Doyle, Pres of U.S. Sales & Distributor Operations
What is Gavin Hattersley's approval rating as Molson Coors Beverage's CEO?

30 employees have rated Molson Coors Beverage CEO Gavin Hattersley on Glassdoor.com. Gavin Hattersley has an approval rating of 63% among Molson Coors Beverage's employees. This puts Gavin Hattersley in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Molson Coors Beverage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Molson Coors Beverage investors own include AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Bank of America (BAC), Intel (INTC), CVS Health (CVS), Walt Disney (DIS), Altria Group (MO), Starbucks (SBUX) and Wells Fargo & Company (WFC).

What is Molson Coors Beverage's stock symbol?

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

Who are Molson Coors Beverage's major shareholders?

Molson Coors Beverage's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.83%), BlackRock Inc. (7.69%), State Street Corp (4.02%), LSV Asset Management (3.51%), Clarkston Capital Partners LLC (2.85%) and Invesco Ltd. (1.58%). Company insiders that own Molson Coors Beverage stock include Andrew Thomas Molson, James A Winnefeld Jr, Louis Vachon and Simon Cox.
View institutional ownership trends for Molson Coors Beverage
.

Which major investors are selling Molson Coors Beverage stock?

TAP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wedge Capital Management L L P NC, DNB Asset Management AS, JPMorgan Chase & Co., Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Hsbc Holdings PLC, and Baird Financial Group Inc..
View insider buying and selling activity for Molson Coors Beverage
or view top insider-selling stocks.

Which major investors are buying Molson Coors Beverage stock?

TAP stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Polaris Wealth Advisory Group LLC, CHURCHILL MANAGEMENT Corp, Dimensional Fund Advisors LP, Adams Diversified Equity Fund Inc., Country Club Bank GFN, Bridgewater Associates LP, and KBC Group NV. Company insiders that have bought Molson Coors Beverage stock in the last two years include James A Winnefeld Jr, and Louis Vachon.
View insider buying and selling activity for Molson Coors Beverage
or or view top insider-buying stocks.

How do I buy shares of Molson Coors Beverage?

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

What is Molson Coors Beverage's stock price today?

One share of TAP stock can currently be purchased for approximately $52.44.

How much money does Molson Coors Beverage make?

Molson Coors Beverage has a market capitalization of $11.37 billion and generates $12.45 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $4.939990 on an earnings per share basis.

How many employees does Molson Coors Beverage have?

Molson Coors Beverage employs 16,300 workers across the globe.

Does Molson Coors Beverage have any subsidiaries?

The following companies are subsidiares of Molson Coors Beverage: 3230600 Nova Scotia Company, Alwater Brewery, CBC Holdco 2 LLC, CBC Holdco 3 Inc., CBC Holdco LLC, Clearly Komucha, Coors Brewing Company d/b/a Molson Coors International , Coors International Holdco 2 ULC, Golden Acquisition, MillerCoors LLC, MillerCoors USA LLC, Molson Canada 2005, Molson Coors (Barbados) SRL, Molson Coors (UK) Holdings LLP, Molson Coors Brewing Company (UK) Limited, Molson Coors Callco ULC, Molson Coors Canada Holdco ULC, Molson Coors Canada Inc., Molson Coors Europe Holdings B.V., Molson Coors Holdco Inc., Molson Coors Holdings Limited, Molson Coors International General ULC, Molson Coors International LP, Molson Coors Netherlands B.V. f/k/a Starbev Netherlands B.V., Molson ULC f/k/a Molson Inc., Newco3 Inc., Pivovary Staropramen s.r.o. f/k/a Molson Coors Czech s.r.o., and Starbev Netherlands.

When was Molson Coors Beverage founded?

Molson Coors Beverage was founded in 1786.

What is Molson Coors Beverage's official website?

The official website for Molson Coors Beverage is www.molsoncoors.com.

How can I contact Molson Coors Beverage?

Molson Coors Beverage's mailing address is 1801 CALIFORNIA STREET SUITE 4600, DENVER CO, 80202. The company can be reached via phone at (303) 279-6565, via email at [email protected], or via fax at 302-655-5049.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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