Molson Coors Brewing Co Class B (TAP)

NYSE
Currency in USD
55.23
+0.25(+0.45%)
Closed
After Hours
55.12-0.11(-0.20%)
TAP Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
54.7355.52
52 wk Range
49.1969.18
Key Statistics
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Prev. Close
54.98
Open
54.98
Day's Range
54.73-55.52
52 wk Range
49.19-69.18
Volume
1.94M
Average Volume (3m)
1.78M
1-Year Change
-11.62%
Book Value / Share
64.41
Fair Value
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Fair Value Upside
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TAP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
62.94
Upside
+13.95%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 4 consecutive years
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Molson Coors Brewing Co Class B Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages. It provides its products under Aspall Cider, Blue Moon, Coors Original, Five Trail, Hop Valley brands, Leinenkugel's, Madri, Miller Genuine Draft, Molson Ultra, Sharp's, Staropramen, and Vizzy Hard Seltzer above premier brands; Bergenbier, Borsodi, Carling, Coors Banquet, Coors Light, Jelen, Kamenitza, Miller Lite, Molson Canadian, and Niksicko, Ozujsko under the premium brands; and Branik, Icehouse, Keystone, Miller High Life, Milwaukee's Best, and Steel Reserve under the economy brands. 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.

Industry
Beverages
Employees
16500

Molson Coors Brewing Co Class B SWOT Analysis


Market Dynamics
Molson Coors faces headwinds as competitors regain market share, with a 6.1% sales decline in Q2 2024 signaling challenges in sustaining recent growth
Strategic Shift
Explore Molson Coors' ambitious plan to boost premium offerings to one-third of its portfolio, emphasizing Beyond Beer segment for diversification
Financial Outlook
Analysts project EPS of $5.52-$5.78 for FY1 and $5.77-$6.06 for FY2, with an average price target range of $47-$57, reflecting mixed market sentiment
Competitive Edge
Delve into Molson Coors' cost-saving initiatives and premiumization strategy, potentially offsetting market pressures and driving future growth
Read full SWOT analysis

Molson Coors Brewing Co Class B Earnings Call Summary for Q3/2024

  • Net sales down 7.8%, U.S. volume drops 17.9%; 2024 revenue guidance adjusted to 1% decline
  • Reaffirms mid-single-digit growth for underlying pre-tax income and EPS; $856M in free cash flow for 2024 YTD
  • Coors Banquet volume up 8%; increased stake in Zoa energy drink to 51%
  • Expects improved Q4 performance; positive 2024 outlook driven by pricing, mix, and international growth
  • Focus on premiumization, brand investments, and non-alcoholic segment to navigate market challenges
Last Updated: 2024-11-07, 02:06 p/m
Read Full Transcript

Compare TAP to Peers and Sector

Metrics to compare
TAP
Peers
Sector
Relationship
P/E Ratio
12.1x22.0x11.7x
PEG Ratio
0.040.070.03
Price/Book
0.9x2.2x1.5x
Price / LTM Sales
1.0x1.2x0.9x
Upside (Analyst Target)
14.1%18.9%22.8%
Fair Value Upside
Unlock17.6%8.5%Unlock

Analyst Ratings

7 Buy
12 Hold
3 Sell
Ratings:
22 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 62.94
(+13.95% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.44
Dividend Yield
3.19%
Industry Median 2.57%
Annualized payout
1.7600
Paid quarterly
5-Years Growth
-0.79%
Growth Streak

Earnings

Latest Release
Nov 07, 2024
EPS / Forecast
1.80 / 1.67
Revenue / Forecast
3.04B / 3.13B
EPS Revisions
Last 90 days

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FAQ

What Is the Molson Coors Brewing B (TAP) Stock Price Today?

The Molson Coors Brewing B stock price today is 55.23

What Stock Exchange Does Molson Coors Brewing B Trade On?

Molson Coors Brewing B is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Molson Coors Brewing B?

The stock symbol for Molson Coors Brewing B is "TAP."

Does Molson Coors Brewing B Pay Dividends? What’s The Current Dividend Yield?

The Molson Coors Brewing B dividend yield is 3.19%.

What Is the Molson Coors Brewing B Market Cap?

As of today, Molson Coors Brewing B market cap is 11.38B.

What is Molson Coors Brewing B Earnings Per Share?

The Molson Coors Brewing B EPS is 4.44.

What Is the Next Molson Coors Brewing B Earnings Date?

Molson Coors Brewing B will release its next earnings report on Feb 13, 2025.

From a Technical Analysis Perspective, Is TAP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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