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

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$65.10 +0.82 (+1.28 %)
(As of 09/20/2018 03:07 PM ET)
Previous Close$64.78
Today's Range$64.37 - $65.97
52-Week Range$58.75 - $85.86
Volume71,012 shs
Average Volume1.39 million shs
Market Capitalization$13.78 billion
P/E Ratio14.50
Dividend Yield2.57%
Beta0.72
Molson Coors Brewing Co Class B logoMolson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands. The company also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands. In addition, it provides its products under the Staropramen, Apatinsko, Astika, Bergenbier, Borsodi, Branik, Jelen, Kamenitza, Niksicko, Noroc, Ostravar, Ozujsko, Sharp's Doom Bar, Worthington's, Cobra, and other brand names. Further, the company imports and sells Hop Valley, Revolver, Saint Archer, Terrapin, Grolsch, Peroni Nastro Azzurro, Pilsner Urquell, Desperados, Dos Equis, Moretti, Sol, Tecate, Carling Strong, Coors, Coors 1873, Coors Extra, Coors Gold, Iceberg 9000, King Cobra, Thunderbolt, and Zima brand products. Additionally, it brews or distributes various brands, such as Amstel Light, Heineken, Murphy's, Newcastle Brown Ale, Strongbow cider, Beck's, Belle-Vue Kriek brands, Hoegaarden, Leffe, Lowenbrau, Löwenweisse, Spaten and Stella Artois, Corona Extra, Rekorderlig, Singha, Blue Moon, Corona, Miller High Life, Molson Canadian, and other Modelo brands, as well as George Killian's Irish Red, the Redd's, and Foster's brands. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005. The Company was founded in 1786 and is headquartered in Denver, Colorado.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Malt beverages
Sub-IndustryBrewers
SectorConsumer Staples
SymbolNYSE:TAP
CUSIP60871R20
Phone303-927-2337

Debt

Debt-to-Equity Ratio0.69
Current Ratio0.66
Quick Ratio0.51

Price-To-Earnings

Trailing P/E Ratio14.50
Forward P/E Ratio13.51
P/E Growth2.58

Sales & Book Value

Annual Sales$13.47 billion
Price / Sales1.04
Cash Flow$8.5433 per share
Price / Cash7.62
Book Value$62.37 per share
Price / Book1.04

Profitability

EPS (Most Recent Fiscal Year)$4.47
Net Income$1.41 billion
Net Margins11.68%
Return on Equity6.97%
Return on Assets3.07%

Miscellaneous

Employees17,200
Outstanding Shares215,750,000
Market Cap$13.78 billion

Molson Coors Brewing Co Class B (NYSE:TAP) Frequently Asked Questions

What is Molson Coors Brewing Co Class B's stock symbol?

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

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

Molson Coors Brewing Co Class B declared a quarterly dividend on Monday, July 16th. Investors of record on Friday, August 31st will be given a dividend of $0.41 per share on Monday, September 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, August 30th. View Molson Coors Brewing Co Class B's Dividend History.

How were Molson Coors Brewing Co Class B's earnings last quarter?

Molson Coors Brewing Co Class B (NYSE:TAP) issued its quarterly earnings results on Wednesday, August, 1st. The company reported $1.88 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.83 by $0.05. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Brewing Co Class B had a net margin of 11.68% and a return on equity of 6.97%. The business's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. View Molson Coors Brewing Co Class B's Earnings History.

When is Molson Coors Brewing Co Class B's next earnings date?

Molson Coors Brewing Co Class B is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Molson Coors Brewing Co Class B.

What price target have analysts set for TAP?

13 brokers have issued 12-month price targets for Molson Coors Brewing Co Class B's stock. Their forecasts range from $55.00 to $96.00. On average, they expect Molson Coors Brewing Co Class B's stock price to reach $76.3846 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price. View Analyst Price Targets for Molson Coors Brewing Co Class B.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Molson Coors Brewing Co Class B in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Molson Coors Brewing Co Class B.

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

Here are some recent quotes from research analysts about Molson Coors Brewing Co Class B stock:
  • 1. Jefferies Financial Group Inc analysts commented, "$55 PT. We see protracted sales declines over FY18-22 centered on TAP’s challenged mainstream brand portfolio in a declining US beer market. Self-help" margin story could evolve, though we expect limited improvement within the lower half of TAP’s 30-60 bps p.a. target. (~18x EV/adj. ULFCF), we see risk to TAP’s multiple w/our FY19-20 EPS est. >7% below consensus and near-term balance sheet catalysts unlikely." (9/7/2018)
  • 2. According to Zacks Investment Research, "Molson Coors outperformed the industry in the past month driven by its focus on cost savings and premiumization. The company has been undertaking restructuring initiatives to reduce overhead costs and boost profitability. For 2018, the company expects cost savings of nearly $210 million, which forms part of its three-year savings goal of $600 million extending up to 2019. We also commend the company’s First Choice plan that aims to solidify and premiumize portfolio, enhance customer relations and generate significant profits from international businesses. Notably, this supports the company’s key priorities like cash generation, margin improvement and enhancing shareholder returns. However, persistent softness across its U.S. beer volumes owing to tough industry conditions has been hurting the top line. This along with rising input costs (mainly aluminum and fuel) weighed on the bottom line in first-quarter 2018." (7/7/2018)

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

Who are Molson Coors Brewing Co Class B's key executives?

Molson Coors Brewing Co Class B's management team includes the folowing people:
  • Mr. Mark R. Hunter, Pres, CEO & Director (Age 55)
  • Ms. Tracey I. Joubert, Chief Financial Officer (Age 51)
  • Mr. Krishnan Anand, Chief Growth Officer (Age 60)
  • Mr. Gavin D. K. Hattersley, Pres & CEO of Millercoors LLC (Age 55)
  • Mr. Peter Joseph Coors, Sr. Mang. of International Craft Brewing Devel. - Supply Chain & Director (Age 41)

Has Molson Coors Brewing Co Class B been receiving favorable news coverage?

Headlines about TAP stock have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Molson Coors Brewing Co Class B earned a news impact score of 0.18 on Accern's scale. They also gave media headlines about the company an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Molson Coors Brewing Co Class B.

Who are Molson Coors Brewing Co Class B's major shareholders?

Molson Coors Brewing Co Class B's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.44%), FMR LLC (2.28%), Wells Fargo & Company MN (2.15%), Diamond Hill Capital Management Inc. (1.81%), American Century Companies Inc. (1.16%) and Putnam Investments LLC (1.09%). Company insiders that own Molson Coors Brewing Co Class B stock include Brian Tabolt, Gavin Hattersley, Geoffrey E Molson, Krishnan Anand, Mark Hunter, Peter H Coors, Simon Cox and Tracey Joubert. View Institutional Ownership Trends for Molson Coors Brewing Co Class B.

Which institutional investors are selling Molson Coors Brewing Co Class B stock?

TAP stock was sold by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., FMR LLC, TD Asset Management Inc., Diamond Hill Capital Management Inc., Nomura Holdings Inc., OppenheimerFunds Inc., Bank of Nova Scotia and Northern Trust Corp. Company insiders that have sold Molson Coors Brewing Co Class B company stock in the last year include Krishnan Anand, Mark Hunter, Peter H Coors, Simon Cox and Tracey Joubert. View Insider Buying and Selling for Molson Coors Brewing Co Class B.

Which institutional investors are buying Molson Coors Brewing Co Class B stock?

TAP stock was acquired by a variety of institutional investors in the last quarter, including Fairpointe Capital LLC, BlackRock Inc., Thompson Siegel & Walmsley LLC, Massachusetts Financial Services Co. MA, American Century Companies Inc., QV Investors Inc., Wells Fargo & Company MN and Strs Ohio. View Insider Buying and Selling for Molson Coors Brewing Co Class B.

How do I buy shares of Molson Coors Brewing Co Class B?

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 Co Class B's stock price today?

One share of TAP stock can currently be purchased for approximately $65.14.

How big of a company is Molson Coors Brewing Co Class B?

Molson Coors Brewing Co Class B has a market capitalization of $13.78 billion and generates $13.47 billion in revenue each year. The company earns $1.41 billion in net income (profit) each year or $4.47 on an earnings per share basis. Molson Coors Brewing Co Class B employs 17,200 workers across the globe.

How can I contact Molson Coors Brewing Co Class B?

Molson Coors Brewing Co Class B'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 Co Class B (NYSE TAP)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  357 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  728
MarketBeat's community ratings are surveys of what our community members think about Molson Coors Brewing Co Class B 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 9/20/2018 by MarketBeat.com Staff

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