Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. 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.
IPO Year:
Exchange: NYSE
Website: molsoncoors.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 4/24/2024 | $66.00 → $56.00 | Neutral → Sell | Citigroup |
| 4/9/2024 | $66.00 → $75.00 | Neutral → Buy | Goldman |
| 3/22/2024 | $69.00 | Neutral | Piper Sandler |
| 11/30/2023 | $68.00 | Hold | HSBC Securities |
| 11/13/2023 | $62.00 | Hold | Jefferies |
| 11/3/2023 | $57.00 → $58.00 | Sell → Hold | Deutsche Bank |
4 - MOLSON COORS BEVERAGE CO (0000024545) (Issuer)
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
Third Quarter Net Sales Declined 7.8% and Income Before Income Taxes Decreased 39.1% or 8.7% on an Underlying Basis in Constant Currency Continues to Return Cash to Shareholders Through Dividend and Share Repurchases of $153 Million Reaffirms 2024 Full Year Guidance for Bottom-Line Growth including Narrowing to the High End for Underlying Diluted Earnings per Share While Reducing Top-Line Guidance Reflecting Macroeconomic Challenges in the U.S. Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B)) today reported results for the 2024 third quarter. This press release features multimedia. View the full release here: https://www.businessw
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) will host a webcast of the company's 2024 Third Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Thursday, November 7, 2024. 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 been brewing bever
Net Sales Nearly Flat while Income Before Income Taxes Improves 26.9% or 5.2% on an Underlying Basis in Constant Currency Returns $353 Million to Shareholders Through Dividend and Share Repurchases Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B))) today reported results for the 2024 second quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806604516/en/ 2024 SECOND QUARTER FINANCIAL HIGHLIGHTS1 Net sales decreased 0.4% reported and 0.1% in constant currency. U.S. GAAP income before
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 September 20, 2024, to stockholders of record on August 30, 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$0.60 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable September 20, 2024, to its Class A and Class B exchangeable shareholders of
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) will host a webcast of the company's 2024 Second Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time (6:30 a.m. Mountain Time) on Tuesday, August 6, 2024. 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 and will be available until 11:59 p.m. Eastern Time on November 6, 2024. Overview of Molson Co
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 June 21, 2024, to stockholders of record on June 7, 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$0.59 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable June 21, 2024, to its Class A and Class B exchangeable shareholders of record on Ju
Delivers First Quarter Top-Line Growth of 10.7% with Growth Across Both Business Units First Quarter Income Before Income Taxes Increases 160.5%, while Underlying Income Before Income Taxes Increases 68.8% on a Constant Currency Basis Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B))) today reported results for the 2024 first quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430552630/en/ 2024 FIRST QUARTER FINANCIAL HIGHLIGHTS1 Net sales increased 10.7% reported and 10.1% in constant c
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) will host a webcast of the company's 2024 First Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) on Tuesday, April 30, 2024. The company will release earnings at approximately 6:55 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 and will be available until 11:59 p.m. Eastern Time on July 29, 2024. Overview of Molson Coors
Continued Fourth Quarter Top-Line Strength Delivers 9.4% Full Year Net Sales Growth, Achieving Full-Year Guidance Full Year Income before Income Taxes Improves $1.3 Billion; Underlying Income before Income Taxes Increases 36.9% on a Constant Currency Basis, Exceeding Guidance Fiscal 2024 Guidance Indicating Continued Net Sales and Underlying Income before Income Taxes Growth in Line with Long-Term Growth Algorithm Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B))) today reported results for the 2023 fourth quarter and full year. This press release features multimedia. View the full release here: https://www.businesswire.com/new
Piper Sandler analyst Michael Lavery maintains Molson Coors Beverage (NYSE:TAP) with a Neutral and lowers the price target from $69 to $57.
Jefferies analyst Kaumil Gajrawala maintains Molson Coors Beverage (NYSE:TAP) with a Hold and lowers the price target from $61 to $57.
Barclays analyst Lauren Lieberman downgrades Molson Coors Beverage (NYSE:TAP) from Equal-Weight to Underweight and lowers the price target from $55 to $47.
JP Morgan analyst Andrea Teixeira maintains Molson Coors Beverage (NYSE:TAP) with a Neutral and lowers the price target from $60 to $54.
Citigroup analyst Filippo Falorni maintains Molson Coors Beverage (NYSE:TAP) with a Sell and lowers the price target from $53 to $47.
B of A Securities analyst Bryan Spillane maintains Molson Coors Beverage (NYSE:TAP) with a Neutral and lowers the price target from $62 to $54.
During the last three months, 12 analysts shared their evaluations of Molson Coors Beverage (NYSE:TAP), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 8 1 2 Last 30D 0 0 0 1 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 7 0 2 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $60.67, along with a high estimate of $68.00 and a low estimate of $50.00. A decline
Wells Fargo analyst Chris Carey maintains Molson Coors Beverage (NYSE:TAP) with a Underweight and lowers the price target from $55 to $50.
Breweries in Minneapolis now offer hemp-derived, THC-infused drinks on tap, thanks to a new Minnesota law effective July 1. This change allows taprooms to serve these drinks on tap, not only in cans, provided they display the required label information. Dan Schnabel, taproom manager at Headflyer Brewing, told CBS that his team anticipated the statute change and quickly adapted. "Having it on tap gives us so many different options for our consumers to taste it, to try it, to enjoy one while they're here on site," Schnabel said. Regulations Made It Possible This development follows the legalization of THC edibles derived from hemp two years ago, which are capped at 5 milligrams per serving
A recent study led by Dr. Erika Rosen of the Alcohol Research Group and RTI International and published in the Journal of Studies on Alcohol and Drugs, explores the differential impacts of alcohol, cannabis, and opioids on U.S. adults. This research is significant for the cannabis industry as it highlights the relatively lower harms of cannabis compared to alcohol and opioids, presenting a strong case for cannabis-infused beverages as safer alternatives. As consumer preferences shift towards healthier options, the cannabis beverage market stands to benefit from increased acceptance and potential regulatory ease, marking a promising growth area within the industry. Impact Of Alcohol And Op
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4 - MOLSON COORS BEVERAGE CO (0000024545) (Issuer)
4 - MOLSON COORS BEVERAGE CO (0000024545) (Issuer)
4 - MOLSON COORS BEVERAGE CO (0000024545) (Issuer)
4 - MOLSON COORS BEVERAGE CO (0000024545) (Issuer)
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
Third Quarter Net Sales Declined 7.8% and Income Before Income Taxes Decreased 39.1% or 8.7% on an Underlying Basis in Constant Currency Continues to Return Cash to Shareholders Through Dividend and Share Repurchases of $153 Million Reaffirms 2024 Full Year Guidance for Bottom-Line Growth including Narrowing to the High End for Underlying Diluted Earnings per Share While Reducing Top-Line Guidance Reflecting Macroeconomic Challenges in the U.S. Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B)) today reported results for the 2024 third quarter. This press release features multimedia. View the full release here: https://www.businessw
The deal adds resources to expand ZOA's distribution and awareness while bolstering Molson Coors' total-beverage portfolio Molson Coors Beverage Company ("Molson Coors") (NYSE:TAP, TAP.A)) is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne "The Rock" Johnson, Dany Garcia, Dave Rienzi and John Shulman. Taking a majority stake now allows Molson Coors to lead the entirety of ZOA's marketing, retail and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth. As better-for-you energy drinks sales continue to outpace the broader category, the deal signals Molson Coors' belief in ZOA's growth po
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) will host a webcast of the company's 2024 Third Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Thursday, November 7, 2024. 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 been brewing bever
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (NASDAQ:TLRY, TSX:TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of Atwater Brewery, from Molson Coors Beverage Company ("Molson Coors") (NYSE:TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Atwater Brewery is a renowned craft brewery with a rich history and a loyal following in Michigan. This acquisition expands our reach in the Great Lakes region and further strengthens our position in the craft beer industry. We are excited to welcome Atwater Brewery to Tilray Brands
NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (NASDAQ:TLRY, TSX:TLRY), a global lifestyle and consumer packaged goods company, has successfully completed the previously announced acquisition of craft breweries Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage Company ("Molson Coors") (NYSE:TAP). Irwin D. Simon, Chairman and Chief Executive Officer of Tilray Brands, said, "Tilray Brands is crafting a new future for brands in the craft beer industry. We are proud to welcome these exceptional brands and the talented teams behind them to Tilray. With our proven track record of creating
Tilray's Strategic Acquisition Will Strengthen its Craft Beer Leadership in the U.S. and Solidify Tilray Beverages as the #1 Craft Brewer in the Pacific Northwest and #1 in Georgia; Anchors Tilray in Key Markets, Texas and Michigan Tilray's Beverage Division Projected to Grow New Beer Accounts by 30% NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray", "our", "we" or the "Company") (NASDAQ:TLRY, TSX:TLRY), a global lifestyle consumer packaged goods company elevating lives through moments of connection, today announced that the Company has entered into a definitive agreement to acquire four craft breweries from Molson Coors Beverage Company ("Molson Coors") (NYSE
Net Sales Nearly Flat while Income Before Income Taxes Improves 26.9% or 5.2% on an Underlying Basis in Constant Currency Returns $353 Million to Shareholders Through Dividend and Share Repurchases Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth Molson Coors Beverage Company ("MCBC," "Molson Coors" or "the Company") (NYSE:TAP, TAP.A, TSX:TPX, TPX.B))) today reported results for the 2024 second quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806604516/en/ 2024 SECOND QUARTER FINANCIAL HIGHLIGHTS1 Net sales decreased 0.4% reported and 0.1% in constant currency. U.S. GAAP income before
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 September 20, 2024, to stockholders of record on August 30, 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$0.60 (the Canadian dollar equivalent of the dividend declared on Molson Coors Beverage Company stock), payable September 20, 2024, to its Class A and Class B exchangeable shareholders of
Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) will host a webcast of the company's 2024 Second Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time (6:30 a.m. Mountain Time) on Tuesday, August 6, 2024. 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 and will be available until 11:59 p.m. Eastern Time on November 6, 2024. Overview of Molson Co
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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.
The Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A))) Board of Directors announced today that Jill Timm has been nominated as an independent director effective December 16, 2023. The board also announced the retirement of Director Louis Vachon, who has served on the Molson Coors Board of Directors since 2012. Timm, who has nearly 30 years of experience in finance and corporate leadership, is chief financial officer at Kohl's, where she has worked since 1999. "We couldn't be more pleased to nominate Jill for election to our board," said Geoffrey Molson, chair of the Molson Coors Board of Directors. "Her experience is broad and deep, and her perspective will be valuable as
The seasoned attorney joins the global beverage company with two decades of legal, regulatory and governance experience Molson Coors today announced Natalie Maciolek will join the company's global leadership team as Chief Legal and Government Affairs officer, effective September 5. Maciolek, who most recently served as senior vice president, general counsel and corporate secretary of Wisconsin-based Kohler Co., will report to Molson Coors President and Chief Executive Officer, Gavin Hattersley, and will be based in Chicago. As the company's top attorney, Maciolek will oversee all legal matters across Molson Coors' global business, including corporate governance, regulatory compliance,
Ibrahim Brings Nearly 30 years of Financial Leadership Experience Scaling High-Growth, Direct-to-Consumer Brands BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel brand with a mission to make all dogs happy, today announced that Zahir Ibrahim has joined the Company as Chief Financial Officer, effective immediately. Mr. Ibrahim brings nearly three decades of financial leadership experience at public and private companies, including scaling high-growth, direct-to-consumer brands. He is based in New York and reports to BARK's Co-Founder, Executive Chairman, and Chief Executive Officer, Matt Meeker. "The addition of Zahir to our highly-talented leadership team is
Wells Fargo upgraded Molson Coors Brewing from Underweight to Overweight and set a new price target of $74.00 from $52.00 previously
TD Cowen reiterated coverage of Molson Coors Brewing with a rating of Hold and set a new price target of $56.00 from $58.00 previously
TD Cowen downgraded Molson Coors Brewing from Buy to Hold and set a new price target of $58.00 from $68.00 previously
Barclays downgraded Molson Coors Brewing from Equal Weight to Underweight and set a new price target of $47.00 from $55.00 previously
Citigroup downgraded Molson Coors Brewing from Neutral to Sell and set a new price target of $56.00 from $66.00 previously
Goldman upgraded Molson Coors Brewing from Neutral to Buy and set a new price target of $75.00 from $66.00 previously
Piper Sandler initiated coverage of Molson Coors Brewing with a rating of Neutral and set a new price target of $69.00
HSBC Securities initiated coverage of Molson Coors Brewing with a rating of Hold and set a new price target of $68.00
Jefferies initiated coverage of Molson Coors Brewing with a rating of Hold and set a new price target of $62.00
Deutsche Bank upgraded Molson Coors Brewing from Sell to Hold and set a new price target of $58.00 from $57.00 previously