TAP Molson Coors Brewing Co
We are one of the world's largest brewers and have a diverse portfolio of owned and partner brands including global priority brands Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, and Staropramen, regional champion brands Carling, Molson Canadian and other leading country-specific brands, as well as craft and specialty beers such as Creemore Springs, Cobra, Sharp's Doom Bar, Henry's Hard and Leinenkugel's. With centuries of brewing heritage, we craft high-quality, innovative beverages with the purpose of uniting people to celebrate all life’s moments. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Molson and Coors were founded in 1786 and 1873, respectively. Our commitment to producing the highest quality beers is a key part of our heritage and remains so to this day. Our brands are designed to appeal to a wide range of consumer tastes, styles and price preferences. Our largest markets are the U.S., Canada and Europe.
Company profile
Ticker
TAP
Exchange
Website
CEO
Gavin D. K. Hattersley
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Coors Adolph Co, Molson Coors Brewing Co
SEC CIK
Corporate docs
IRS number
840178360
TAP stock data
()
Calendar
30 Apr 20
2 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 2.54B | 3.09B | 3.5B | 3.62B | |
| Net income | -115.4M | 166.2M | -399.3M | 330.2M | |
| Diluted EPS | |||||
| Net profit margin | -4.55% | 5.38% | -11.42% | 9.12% | |
| Operating income | -92.5M | 310.9M | -237.3M | 468.7M | |
| Net change in cash | 611.1M | -355.2M | -80M | 255.8M | |
| Cash on hand | 666.1M | 55M | 410.2M | 490.2M | |
| Cost of revenue | 1.48B | 1.52B | 1.69B | 1.76B |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 13.01B | 13.34B | 13.47B | 6.6B | |
| Net income | 246.2M | 1.13B | 1.59B | 1.6B | |
| Diluted EPS | 6.53 | 9.34 | |||
| Net profit margin | 1.89% | 8.51% | 11.79% | 24.25% | |
| Operating income | 764.4M | 1.63B | 1.68B | 3.32B | |
| Net change in cash | -33.9M | 51.1M | 19.8M | -21.6M | |
| Cash on hand | 55M | 88.9M | 37.8M | 18M | |
| Cost of revenue | 6.38B | 6.58B | 6.24B | 3B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 30 Jun 20 | Eaton Roger G. | Class B Common Stock | Grant | Aquire A | 0 | 874 | 0 | 33,716 |
| 30 Jun 20 | Napier Iain J G | Class B Common Stock | Grant | Aquire A | 0 | 404 | 0 | 32,312 |
| 30 Jun 20 | Herington Charles M | Class B Common Stock | Grant | Aquire A | 0 | 364 | 0 | 41,767 |
| 30 Jun 20 | Tough Douglas D. | Class B Common Stock | Grant | Aquire A | 0 | 364 | 0 | 23,786 |
| 30 Jun 20 | Nessa O'Sullivan | Class B Common Stock | Grant | Aquire A | 0 | 336 | 0 | 4,278 |
Institutional ownership Q1 2020
85.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 490 |
| Opened positions | 62 |
| Closed positions | 101 |
| Increased positions | 196 |
| Reduced positions | 173 |
13F shares |
Current |
|---|---|
| Total value | 6.52B |
| Total shares | 167.6M |
| Total puts | 2.13M |
| Total calls | 798.12K |
| Total put/call ratio | 2.7 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 22.22M | $866.88M |
| Dodge & Cox | 22.07M | $861.06M |
| BLK BlackRock | 17.6M | $686.44M |
| STT State Street | 9.58M | $373.8M |
| Independent Franchise Partners | 5.86M | $228.5M |
| LSV Asset Management | 4.97M | $193.85M |
| WFC Wells Fargo & Co. | 4.48M | $174.81M |
| IVZ Invesco | 4.18M | $163.08M |
| BK Bank Of New York Mellon | 3.15M | $122.73M |
| Geode Capital Management | 2.99M | $116.61M |
Financial report summary
?Risks
- The novel coronavirus pandemic, efforts to mitigate or disrupt the pandemic and related weak, or weakening of, economic or other negative conditions, have disrupted, and may continue to disrupt our business, which could have a material adverse effect on our operations, liquidity, financial condition and financial results.
Management Discussion
- During the first quarter of 2020, we recognized a net loss attributable to MCBC of $117.0 million compared to net income of $151.4 million in the prior year. This decrease was primarily driven by an approximate $158 million unfavorable unrealized mark-to-market change on our commodity positions and HEXO warrants, an increase in special charges of approximately $74 million, estimated keg sales returns and finished goods obsolescence reserves and related costs of $50 million resulting from the on-premise impacts of the coronavirus pandemic, the impact of lower financial volume, inflation and negative mix. These items were partially offset by favorable net pricing and cost savings related to the revitalization plan, as well as other targeted spend reductions. Net sales of approximately $2.1 billion in the first quarter of 2020 decreased 8.7% from the prior year, driven by financial volume declines, estimated keg sales returns and reimbursements of $31.5 million related to the on-premise impacts resulting from the coronavirus pandemic across all of our major markets, as well as unfavorable mix, partially offset by higher global net pricing.
Content analysis
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H.S. senior Avg
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New words:
abandonment, absent, accurately, adapting, alcohol, appeal, appealed, approval, began, Brasil, canceled, capita, CBD, celebrate, channel, characterized, charitable, clearer, click, Commission, complexity, compliant, contemplate, Contrarily, dealing, deferral, delay, delayed, delaying, delivery, deterioration, devalue, deviate, diagnosed, difficulty, discipline, discretionary, disease, disinfect, disposable, disposal, disposition, doubtful, downgraded, downtime, duration, dynamic, easier, Eastern, economy, emerge, enforcement, enhance, enhanced, essential, EU, evolving, expenditure, experienced, explore, exported, facilitate, factor, factored, fallen, fear, festival, fluid, foreseeable, forgoing, fresh, Furloughing, governmental, guided, heightened, hospitality, hybrid, iii, inability, inaccessible, indirect, infection, instituting, intercompany, interpreting, isolation, iv, jeopardize, keg, landscape, Latin, LIBOR, LightSky, listed, loading, machinery, macroeconomic, magnitude, matter, media, medium, merchandise, middle, mindful, misled, mortar, navigate, navigating, negotiated, notice, obsolescence, obsolete, online, opposition, outbreak, outsized, overstating, Pabst, Pacific, pandemic, pantry, people, percentage, plant, precautionary, preemptive, prejudice, preserving, President, proactive, prohibited, protect, prudent, quality, quarantine, rapidly, ratably, raw, reallocation, recast, recession, recoverability, recovery, refinance, regular, reimbursement, reply, retirement, safety, sanitizer, scope, served, shooting, shut, situation, social, societal, Softer, sporting, subsided, succeed, suspected, suspension, technical, thereunder, traffic, tragedy, tragic, travel, treat, treatment, unallocated, unclear, understating, understood, unemployment, unexpected, unintended, unlawful, unprecedented, unpredictable, untapped, upheld, USA, viability, waiver, weak, wholly, widespread, withdrew
Removed:
ABI, acquired, acquisition, adjust, Albany, area, Arnold, ASC, British, calculate, Cape, Chilliwack, Codification, Colombia, Columbia, commenced, commencement, comparability, comparative, conclude, concurrently, consideration, converge, crafting, cumulative, delighting, determinable, determining, digital, energy, enter, estate, execution, explicitly, extend, finalization, finance, Fort, function, funded, furnace, Georgia, greater, Grolsch, identification, implicit, implicitly, improve, improving, inception, index, innovation, insurance, integration, introduction, involving, leased, leasing, maintenance, MCC, MCI, minimum, modification, national, occurrence, Ohio, opening, owed, Palmer, Peroni, practical, preference, premiumization, prepaid, Puerto, qualify, readily, real, rebuild, receiving, reclassification, record, renewal, rent, requiring, residual, rest, restrictive, retrospective, revisit, Rico, seltzer, settlement, shift, simultaneously, Slice, sparkling, Spiked, spot, stranded, suspended, swap, Topic, transparency, Trenton, unchanged, underway, utilization, vary, West, Wisconsin, withdrawal, Worth
Financial reports
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
12 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
12 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
10-K
2017 FY
Annual report
14 Feb 18
Current reports
8-K
Entry into a Material Definitive Agreement
22 Jun 20
8-K
Entry into a Material Definitive Agreement
26 May 20
8-K
Submission of Matters to a Vote of Security Holders
22 May 20
8-K
Other Events
5 May 20
8-K
Net Sales Revenue Decreased 8.7% Reported and 8.2% in Constant Currency
30 Apr 20
8-K
Regulation FD Disclosure
29 Apr 20
8-K
Regulation FD Disclosure
27 Mar 20
8-K
Regulation FD Disclosure
5 Mar 20
8-K
FY Net Sales Revenue Decreased 1.8% Reported and 0.6% in Constant Currency
12 Feb 20
8-K
Molson Coors to Cease Production at Irwindale, Calif., Brewery; Signs Agreement with Pabst Giving Them an Option to Purchase Irwindale Facility
6 Jan 20
Registration and prospectus
25-NSE
Exchange delisting
18 Mar 19
S-3ASR
Automatic shelf registration
2 Mar 18
8-A12B
Registration of securities on exchange
19 Dec 17
424B3
Prospectus supplement
14 Nov 17
S-4
Registration of securities issued in business combination transactions
1 Nov 17
8-A12B
Registration of securities on exchange
6 Mar 17
424B5
Prospectus supplement for primary offering
1 Jul 16
424B5
Prospectus supplement for primary offering
30 Jun 16
424B3
Prospectus supplement
29 Jun 16
FWP
Free writing prospectus
29 Jun 16
Proxies
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
DEFA14A
Additional proxy soliciting materials
4 Apr 19
DEF 14A
Definitive proxy
4 Apr 19
DEF 14A
Definitive proxy
5 Apr 18
DEFA14A
Additional proxy soliciting materials
5 Apr 18
DEF 14A
Definitive proxy
5 Apr 17
DEFA14A
Additional proxy soliciting materials
5 Apr 17
DEF 14A
Definitive proxy
15 Apr 16
DEFA14A
Additional proxy soliciting materials
15 Apr 16
Other
CORRESP
Correspondence with SEC
23 May 19
UPLOAD
Letter from SEC
23 May 19
UPLOAD
Letter from SEC
14 May 19
UPLOAD
Letter from SEC
11 Apr 18
CORRESP
Correspondence with SEC
9 Apr 18
UPLOAD
Letter from SEC
4 Apr 18
EFFECT
Notice of effectiveness
13 Nov 17
CORRESP
Correspondence with SEC
9 Nov 17
UPLOAD
Letter from SEC
8 Nov 17
CORRESP
Correspondence with SEC
1 Nov 17
Ownership
4
MOLSON COORS BEVERAGE / Douglas D. Tough ownership change
2 Jul 20
4
MOLSON COORS BEVERAGE / Nessa O'Sullivan ownership change
2 Jul 20
4
MOLSON COORS BEVERAGE / Iain J G Napier ownership change
2 Jul 20
4
MOLSON COORS BEVERAGE / CHARLES M HERINGTON ownership change
2 Jul 20
4
MOLSON COORS BEVERAGE / Roger G. Eaton ownership change
2 Jul 20
4
MOLSON COORS BEVERAGE / David S. Coors ownership change
26 May 20
4
MOLSON COORS BEVERAGE / PETER H COORS ownership change
26 May 20
4
MOLSON COORS BEVERAGE / LOUIS VACHON ownership change
26 May 20
4
MOLSON COORS BEVERAGE / Douglas D. Tough ownership change
26 May 20
4
MOLSON COORS BEVERAGE / H Sanford Riley ownership change
26 May 20