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NYSE:TAP

Molson Coors Brewing Stock Forecast, Price & News

$34.31
-0.75 (-2.14 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$34.09
Now: $34.31
$35.24
50-Day Range
$34.29
MA: $37.17
$38.43
52-Week Range
$33.18
Now: $34.31
$61.94
Volume4.94 million shs
Average Volume2.31 million shs
Market Capitalization$7.43 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.86
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.01 billion
Cash Flow$8.39 per share
Book Value$63.21 per share

Profitability

Net Income$241.70 million

Miscellaneous

Employees17,700
Market Cap$7.43 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$34.31
-0.75 (-2.14 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Molson Coors Brewing (NYSE:TAP) Frequently Asked Questions

How has Molson Coors Brewing's stock been impacted by Coronavirus (COVID-19)?

Molson Coors Brewing's stock was trading at $40.94 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TAP stock has decreased by 16.2% and is now trading at $34.31.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Molson Coors Brewing?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Brewing in the last year. There are currently 3 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Molson Coors Brewing
.

When is Molson Coors Brewing's next earnings date?

Molson Coors Brewing is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Molson Coors Brewing
.

How were Molson Coors Brewing's earnings last quarter?

Molson Coors Brewing Co (NYSE:TAP) released its earnings results on Thursday, July, 30th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $0.68 by $0.87. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.40 billion. Molson Coors Brewing had a negative net margin of 1.33% and a positive return on equity of 7.18%. Molson Coors Brewing's revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share.
View Molson Coors Brewing's earnings history
.

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, February 20th. Stockholders of record on Monday, March 9th will be given a dividend of $0.57 per share on Friday, March 20th. This represents a $2.28 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend is Friday, March 6th.
View Molson Coors Brewing's dividend history
.

What price target have analysts set for TAP?

17 Wall Street analysts have issued 1 year price objectives for Molson Coors Brewing's stock. Their forecasts range from $31.00 to $60.00. On average, they expect Molson Coors Brewing's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts' price targets for Molson Coors Brewing
.

Are investors shorting Molson Coors Brewing?

Molson Coors Brewing saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 10,000,000 shares, an increase of 14.8% from the July 30th total of 8,710,000 shares. Based on an average daily trading volume, of 2,400,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 5.8% of the shares of the company are short sold.
View Molson Coors Brewing's Short Interest
.

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), Exxon Mobil (XOM), Walt Disney (DIS), Johnson & Johnson (JNJ), Starbucks (sbux), Intel (INTC), Bank of America (BAC), CVS Health (CVS), Altria Group (MO) and Wells Fargo & Company (WFC).

Who are Molson Coors Brewing's key executives?

Molson Coors Brewing's management team includes the following 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)

What is Molson Coors Brewing's stock symbol?

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

Who are Molson Coors Brewing's major shareholders?

Molson Coors Brewing's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.36%), LSV Asset Management (2.62%), Clarkston Capital Partners LLC (2.03%), Bank of New York Mellon Corp (1.24%), Thompson Siegel & Walmsley LLC (1.06%) and AQR Capital Management LLC (0.75%). Company insiders that own Molson Coors Brewing stock include Brian Tabolt, Krishnan Anand, Louis Vachon, Mark Hunter, Peter H Coors and Simon Cox.
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 Vanguard Group Inc., Bank of New York Mellon Corp, Prudential Financial Inc., Russell Investments Group Ltd., FMR LLC, FMR LLC, Strs Ohio, and Baird Financial Group Inc..
View insider buying and selling activity for Molson Coors Brewing
.

Which institutional investors are buying Molson Coors Brewing stock?

TAP stock was purchased by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Retirement Systems of Alabama, LSV Asset Management, Sumitomo Mitsui Trust Holdings Inc., Cubist Systematic Strategies LLC, Clarkston Capital Partners LLC, Federated Hermes Inc., and Raymond James & Associates.
View insider buying and selling activity 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 $34.31.

How big of a company is Molson Coors Brewing?

Molson Coors Brewing has a market capitalization of $7.43 billion and generates $13.01 billion in revenue each year. The company earns $241.70 million in net income (profit) each year or $4.54 on an earnings per share basis. Molson Coors Brewing employs 17,700 workers across the globe.

What is Molson Coors Brewing's official website?

The official website for Molson Coors Brewing is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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