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Molson Coors Brewing Stock Price, Forecast & Analysis (NYSE:TAP)

$52.55
+0.16 (+0.31 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$52.21
Now: $52.55
$52.75
50-Day Range
$51.51
MA: $55.00
$59.11
52-Week Range
$49.92
Now: $52.55
$67.24
Volume1.16 million shs
Average Volume1.68 million shs
Market Capitalization$11.37 billion
P/E Ratio10.43
Dividend Yield4.35%
Beta0.77
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$9.08 per share
Book Value$63.56 per share

Profitability

Net Income$1.12 billion

Miscellaneous

Employees17,750
Market Cap$11.37 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 declared a quarterly dividend on Thursday, July 18th. Shareholders of record on Friday, August 30th will be given a dividend of $0.57 per share on Friday, September 13th. This represents a $2.28 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Molson Coors Brewing's previous quarterly dividend of $0.41. View Molson Coors Brewing's Dividend History.

How were Molson Coors Brewing's earnings last quarter?

Molson Coors Brewing Co (NYSE:TAP) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.46 by $0.02. The company had revenue of $2.84 billion for 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%. Molson Coors Brewing's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. 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?

14 analysts have issued 1-year price objectives for Molson Coors Brewing's shares. Their forecasts range from $50.00 to $80.00. On average, they anticipate Molson Coors Brewing's share price to reach $59.09 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price. View Analyst Price Targets for Molson Coors Brewing.

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Brewing in the last year. There are currently 5 sell ratings, 4 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, "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?

News headlines about TAP stock have trended somewhat negative on Thursday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Molson Coors Brewing earned a coverage optimism score of -1.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Molson Coors Brewing.

Are investors shorting Molson Coors Brewing?

Molson Coors Brewing saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 12,130,000 shares, an increase of 7.3% from the September 30th total of 11,300,000 shares. Based on an average trading volume of 1,630,000 shares, the days-to-cover ratio is presently 7.4 days. Approximately 7.0% of the shares of the company 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), Visa (V), Altria Group (MO), Netflix (NFLX), CVS Health (CVS), Chevron (CVX) 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 many different of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.11%), Diamond Hill Capital Management Inc. (0.55%), Strs Ohio (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), First Trust Advisors LP (0.31%) and Russell Investments Group Ltd. (0.30%). Company insiders that own Molson Coors Brewing stock include Brian Tabolt, Krishnan Anand, Mark Hunter, Peter H Coors, Simon Cox and Tracey Joubert. View Institutional Ownership Trends for Molson Coors Brewing.

Which institutional 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., Massachusetts Financial Services Co. MA, Strs Ohio, Great West Life Assurance Co. Can, Patriot Investment Management Inc., SG Americas Securities LLC and Beutel Goodman & Co Ltd.. Company insiders that have sold Molson Coors Brewing company stock in the last year include Brian Tabolt, Krishnan Anand, Mark Hunter and Simon Cox. View Insider Buying and Selling for Molson Coors Brewing.

Which institutional 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., 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., California Public Employees Retirement System and First Trust Advisors LP. 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 $52.55.

How big of a company is Molson Coors Brewing?

Molson Coors Brewing has a market capitalization of $11.37 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:  416 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  860
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 11/21/2019 by MarketBeat.com Staff

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