Molson Coors Brewing upgraded by Citigroup with a new price target
$TAP
Beverages (Production/Distribution)
Consumer Staples
Citigroup upgraded Molson Coors Brewing from Sell to Neutral and set a new price target of $57.00 from $47.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/5/2025 | $47.00 → $57.00 | Sell → Neutral | Citigroup |
| 12/6/2024 | $72.00 | Buy | Needham |
| 12/6/2024 | $57.00 → $70.00 | Neutral → Buy | BofA Securities |
| 11/25/2024 | $64.00 | Neutral | Exane BNP Paribas |
| 11/8/2024 | $52.00 → $74.00 | Underweight → Overweight | Wells Fargo |
| 10/8/2024 | $58.00 → $56.00 | Hold | TD Cowen |
| 8/7/2024 | $68.00 → $58.00 | Buy → Hold | TD Cowen |
| 7/18/2024 | $55.00 → $47.00 | Equal Weight → Underweight | Barclays |
Achieved or Exceeded All Full Year Guidance Metrics Fourth Quarter Net Sales Declined 2.0% Resulting in 0.6% Decline for Full Year, Achieving Revised Full Year Guidance Full Year Income before Income Taxes Improved 20.0%; Full Year Underlying Income before Income Taxes Increased 5.6% on a Constant Currency Basis, Achieving Full Year Guidance Full Year EPS Grew 22.4% to $5.35; Full Year Underlying EPS Grew 9.8% to $5.96 Exceeding Full Year Guidance Fiscal 2025 Guidance Aligned with Long-Term Growth Algorithm for both Top-Line and Bottom-Line Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B)) today reported results for the 2024
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A)) will host a webcast of the company's 2024 Fourth Quarter and Full Year Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Thursday, February 13, 2025. The company will release earnings at approximately 6:30 a.m. Eastern Time on the same day. The webcast will be accessible via the Investor Relations page of the Molson Coors Beverage Company website, ir.molsoncoors.com. An online replay of the earnings call webcast is expected to be posted within two hours following the live webcast. Overview of Molson Coors Beverage Company For over two centuries, Molson Coors Beverage Company has
The Board of Directors of Molson Coors Beverage Company (NYSE:TAP, TAP.A)) today declared a regular quarterly dividend on its Class A and Class B common stock of US$0.44 per share, payable December 20, 2024, to stockholders of record on December 6, 2024. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Beverage Company. In addition, the Board of Directors of Molson Coors Canada Inc. (TSX:TPX, TPX.A)) today declared a quarterly dividend of approximately CDN$0.61 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable December 20, 2024, to its Class A and Class B exchangeable shareholders of re
The deal gives Molson Coors exclusive commercialization rights to Fever-Tree's U.S. portfolio, alongside an equity investment by Molson Coors into Fevertree Drinks plc Partnership designed to fuel Molson Coors' Premiumization and Beyond Beer strategies Molson Coors Beverage Company ("Molson Coors" or "the company") (NYSE:TAP, TAP.A)) is expanding its U.S. non-alc portfolio through a new strategic partnership with Fevertree Drinks plc ("Fever-Tree"), the world's leading supplier of premium carbonated drinks and mixers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250129464093/en/(Photo: Business Wire) Starting February 1, 2
Chantalle Butler promoted to President, Molson Coors Canada, as Frederic Landtmeters chooses to leave the business in April TORONTO, Feb. 27, 2024 /CNW/ - Molson Coors Beverage Company ("MCBC" or "Molson Coors") (NYSE:TAP) (NYSE:TAP) has promoted Chantalle Butler to the role of President of its Canada business, effective April 2, 2024. Butler, currently the vice president of sales finance for Canada, joined Molson Coors five years ago, and has served as a key leader for the company's strategy while overseeing fiscal activity nationwide. Butler's promotion comes as Molson Coors' strategy is paying off – driving growth in all regions and all segments of Canada. Coors Light and Molson Canadian
Lainey Wilson partners with Coors Light in 360-program including ad spots, retail, exclusive backstage access and more CHICAGO, Jan. 18, 2024 /PRNewswire/ -- This year, Coors Light is turning up the volume with an all-new, multi-year music partnership with country superstar Lainey Wilson, who was recently nominated for two 2024 Grammys including Country Album of the Year and Best Country Duo/Group Performance. In 2023, Wilson was also nominated and took home many awards, including nine Country Music Association Awards nominations, where she won the coveted Entertainer of the Year along with four other categories, tying the one-year record first set in 1969.
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10-K - MOLSON COORS BEVERAGE CO (0000024545) (Filer)
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10-Q - MOLSON COORS BEVERAGE CO (0000024545) (Filer)
Achieved or Exceeded All Full Year Guidance Metrics Fourth Quarter Net Sales Declined 2.0% Resulting in 0.6% Decline for Full Year, Achieving Revised Full Year Guidance Full Year Income before Income Taxes Improved 20.0%; Full Year Underlying Income before Income Taxes Increased 5.6% on a Constant Currency Basis, Achieving Full Year Guidance Full Year EPS Grew 22.4% to $5.35; Full Year Underlying EPS Grew 9.8% to $5.96 Exceeding Full Year Guidance Fiscal 2025 Guidance Aligned with Long-Term Growth Algorithm for both Top-Line and Bottom-Line Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B)) today reported results for the 2024
Simply Spiked® Bold delivers even more flavor and an 8% ABV with two fan-favorite flavors CHICAGO, Feb. 12, 2025 /PRNewswire/ -- Get ready, Simply Spiked® is back and crashing the party with an all-new offering. Introducing Simply Spiked® Bold, a line of spiked lemonades and limeades with a bolder flavor and 8% ABV that delivers a new twist on drinking experiences for consumers 21+ nationwide. In the High ABV category where taste is the #1 purchase driver1, Simply Spiked Bold features two fan-favorite flavors: Signature Lemonade and Cherry Limeade. These boldly reimagined clas
The deal gives Molson Coors exclusive commercialization rights to Fever-Tree's U.S. portfolio, alongside an equity investment by Molson Coors into Fevertree Drinks plc Partnership designed to fuel Molson Coors' Premiumization and Beyond Beer strategies Molson Coors Beverage Company ("Molson Coors" or "the company") (NYSE:TAP, TAP.A)) is expanding its U.S. non-alc portfolio through a new strategic partnership with Fevertree Drinks plc ("Fever-Tree"), the world's leading supplier of premium carbonated drinks and mixers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250129464093/en/(Photo: Business Wire) Starting February 1, 2
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Citigroup upgraded Molson Coors Brewing from Sell to Neutral and set a new price target of $57.00 from $47.00 previously
Needham initiated coverage of Molson Coors Brewing with a rating of Buy and set a new price target of $72.00
BofA Securities upgraded Molson Coors Brewing from Neutral to Buy and set a new price target of $70.00 from $57.00 previously
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