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

$51.14
+0.79 (+1.57 %)
(As of 12/6/2019 03:03 PM ET)
Today's Range
$50.74
Now: $51.14
$51.19
50-Day Range
$50.10
MA: $53.58
$59.11
52-Week Range
$49.82
Now: $51.14
$67.24
Volume37,328 shs
Average Volume1.67 million shs
Market Capitalization$11.06 billion
P/E Ratio10.15
Dividend Yield4.46%
Beta0.74
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. Read More…

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$9.20 per share
Book Value$63.56 per share

Profitability

Net Income$1.12 billion

Miscellaneous

Employees17,750
Market Cap$11.06 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Thursday, November 21st. Shareholders of record on Monday, December 2nd will be given a dividend of $0.57 per share on Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Friday, November 29th. View Molson Coors Brewing's Dividend History.

How were Molson Coors Brewing's earnings last quarter?

Molson Coors Brewing Co (NYSE:TAP) issued its earnings results on Wednesday, October, 30th. The company reported $1.48 EPS for the quarter, topping the Zacks' consensus estimate of $1.46 by $0.02. The business earned $2.84 billion during the quarter, compared to analyst estimates of $2.87 billion. Molson Coors Brewing had a return on equity of 6.86% and a net margin of 1.19%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.84 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 Tuesday, February 11th 2020. View Earnings Estimates for Molson Coors Brewing.

What price target have analysts set for TAP?

15 brokerages have issued 12-month price objectives for Molson Coors Brewing's shares. Their forecasts range from $50.00 to $80.00. On average, they expect Molson Coors Brewing's share price to reach $57.83 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price. View Analyst Price Targets for Molson Coors Brewing.

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Brewing in the last year. There are currently 5 sell ratings, 6 hold ratings and 4 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, "Molson Coors has underperformed the industry year to date due to a dismal surprise trend. Though the company beat earnings estimates in third-quarter 2019, both top and bottom lines declined year over year. This marked its fourth consecutive quarter of negative sales surprise. The top line was impacted by soft volume across all segments, owing to a challenging industry backdrop. This along with inflation, higher underlying effective tax rate and cycling a favorable resolution of a vendor dispute in the United States hurt earnings. However, the company’s revitalization plan, aimed at achieving sustainable sales growth by improving efficiency and unlocking resources to reinvest in business opportunities, bodes well. Its premiumization efforts, robust innovation pipeline and cost-saving efforts also appear encouraging." (11/4/2019)
  • 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?

Media stories about TAP stock have been trending positive on Friday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Molson Coors Brewing earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Molson Coors Brewing.

Are investors shorting Molson Coors Brewing?

Molson Coors Brewing saw a increase in short interest in November. As of November 15th, there was short interest totalling 12,130,000 shares, an increase of 7.3% from the October 31st total of 11,300,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 7.4 days. Approximately 7.0% of the company's stock are sold short. View Molson Coors Brewing's Current Options Chain.

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 AT&T (T), Starbucks (SBUX), Walt Disney (DIS), Johnson & Johnson (JNJ), Altria Group (MO), Visa (V), Netflix (NFLX), Boeing (BA), CVS Health (CVS) and Home Depot (HD).

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 variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.21%), Massachusetts Financial Services Co. MA (1.11%), Fairpointe Capital LLC (0.72%), Diamond Hill Capital Management Inc. (0.55%), Strs Ohio (0.54%) and Parametric Portfolio Associates LLC (0.35%). Company insiders that own Molson Coors Brewing stock include Brian Tabolt, Krishnan Anand, Mark Hunter, Peter H Coors and Simon Cox. 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 Cambiar Investors LLC, ZWJ Investment Counsel Inc., Fairpointe Capital LLC, Man Group plc, Massachusetts Financial Services Co. MA, Strs Ohio, Great West Life Assurance Co. Can and Parametric Portfolio Associates LLC. Company insiders that have sold Molson Coors Brewing company stock in the last year include Brian Tabolt, 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 acquired by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., State Street Corp, Alberta Investment Management Corp, Country Club Trust Company n.a., Denali Advisors LLC, State of New Jersey Common Pension Fund D, Assenagon Asset Management S.A. and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Molson Coors Brewing's stock price today?

One share of TAP stock can currently be purchased for approximately $51.14.

How big of a company is Molson Coors Brewing?

Molson Coors Brewing has a market capitalization of $11.06 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.View Additional Information About Molson Coors Brewing.

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:  2.4 out of 5 (star star)
Outperform Votes:  420 (Vote Outperform)
Underperform Votes:  450 (Vote Underperform)
Total Votes:  870
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 12/6/2019 by MarketBeat.com Staff

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