Molson Coors Beverage (TAP)

For over two centuries Molson Coors has been brewing beverages that unite people for all of life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well. The company’s commitment to raising industry standards and leaving a positive imprint on its employees, consumers, communities and the environment is reflected in its Imprint and its 2025 sustainability targets.

Company profile

Ticker

TAP, TAP.A

Exchange

NYSE

Website

www.molsoncoors.com

CEO

Gavin Hattersley

Incorporated

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Manufacturing > Breweries

Industry (SIC)

Malt Beverages

CHINA NEW BORUN • Boston Beer • Craft Brew Alliance • NewAge • I-ON Digital • Anheuser-busch Companies • Anheuser-Busch In Bev • United Breweries • Anheuser-busch Inbev ...

Former names

COORS ADOLPH CO, MOLSON COORS BREWING CO

SEC CIK

0000024545

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Coors Brewing Company • CBC Holdco 2 LLC • CBC Holdco LLC • Newco3, Inc. • CBC Holdco 3, Inc. • Coors International • Molson Coors International • Molson Coors International LP • Molson Coors Callco ULC • Molson Coors Canada ...

IRS number

840178360

TAP stock data

1M 1Y 5Y

News

From Benzinga Pro

Pepsi Cozied Up To Celsius: What's Next For Coca-Cola/Monster? Access To Alcohol Via The Backdoor?

8 Aug 22

Activity in the energy drink market could pick up after a recent investment and distribution deal between PepsiCo Inc (NYSE: PEP) and Celsius Holdings Inc (NASDAQ: CELH).

UBS Maintains Neutral on Molson Coors Beverage, Raises Price Target to $58

3 Aug 22

UBS analyst Peter Grom maintains Molson Coors Beverage (NYSE:TAP) with a Neutral and raises the price target from $54 to $58.

Credit Suisse Maintains Underperform on Molson Coors Beverage, Lowers Price Target to $49

3 Aug 22

Credit Suisse analyst Kaumil Gajrawala maintains Molson Coors Beverage (NYSE:TAP) with a Underperform and lowers the price target from $50 to $49.

Why Shares Of Cannabis Companies Traded Higher; Here Are 101 Biggest Movers From Yesterday

3 Aug 22

Molson Coors Beverage: Q2 Earnings Insights

2 Aug 22

Press releases

From Benzinga Pro

Molson Coors Beverage Company Announces Regular Quarterly Dividend

14 Jul 22

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$0.38 per share, payable September 15, 2022, to

Molson Coors Beverage Company to Webcast 2022 Second Quarter Earnings Conference Call

11 Jul 22

Molson Coors Beverage Company (NYSE:TAP, TAP.A, TSX:TPX, TPX.A)) will host a webcast of the company's 2022 Second Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m. Eastern Time (9:00

Molson Coors Beverage Company Announces Regular Quarterly Dividend

19 May 22

Analyst ratings and price targets

Last 3 months

Average target

$54.80

Low target

$49.00

High target

$59.00

Bernstein

Downgraded

Market Perform

$59.00

17 May 22

Calendar

2 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart TAP financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	442.1M	442.1M	442.1M	442.1M	442.1M	442.1M
Cash burn (monthly)	(no burn)	72.23M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	113.51M	n/a	n/a	n/a	n/a
Cash remaining	n/a	328.59M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	4.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

TAP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Aug 22	James A Winnefeld Jr	Class B Common Stock	Buy	Acquire P	No	No	53.45	200	10.69K	13,226
30 Jun 22	Herington Charles M	Class B Common Stock	Grant	Acquire A	No	No	0	230	0	49,284
30 Jun 22	Nessa O'Sullivan	Class B Common Stock	Grant	Acquire A	No	No	0	459	0	13,924
30 Jun 22	Eaton Roger G.	Class B Common Stock	Grant	Acquire A	No	No	0	551	0	43,634
30 Jun 22	Vachon Louis	Class B Common Stock	Grant	Acquire A	No	No	0	528	0	35,699

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

TAP institutional ownership history Ownership history

43.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	547	532	+2.8%
Opened positions	83	92	-9.8%
Closed positions	68	67	+1.5%
Increased positions	211	184	+14.7%
Reduced positions	171	181	-5.5%

13F shares	Current	Prev Q	Change
Total value	13.49B	8.86B	+52.2%
Total shares	195.09M	193.72M	+0.7%
Total puts	950.4K	1.69M	-43.8%
Total calls	1.13M	1.9M	-40.9%
Total put/call ratio	0.8	0.9	-5.0%

Largest owners	Shares	Value	Change
Dodge & Cox	30.25M	$1.61B	-1.2%
Adolph Coors	21.52M	$826.48M	0.0%
Vanguard	21.33M	$1.14B	+6.1%
BLK Blackrock	16.68M	$890.28M	-7.4%
STT State Street	8.73M	$465.89M	+1.7%
LSV Asset Management	7.62M	$406.97M	+0.5%
Clarkston Capital Partners	6.18M	$329.65M	NEW
Pentland Securities	5.04M	$288.4M	0.0%
Capital International Investors	4.72M	$252.01M	+1.0%
Geode Capital Management	3.65M	$194.6M	-3.1%

Largest transactions	Shares	Bought/sold	Change
Clarkston Capital Partners	6.18M	+6.18M	NEW
Norges Bank	0	-1.86M	EXIT
Millennium Management	56.41K	-1.49M	-96.3%
BLK Blackrock	16.68M	-1.32M	-7.4%
Vanguard	21.33M	+1.24M	+6.1%
FIL	728.24K	+728.24K	NEW
Wedge Capital Management L L P	6.91K	-696.71K	-99.0%
DnB Asset Management AS	62.63K	-654.19K	-91.3%
Junto Capital Management	444.92K	+444.92K	NEW
Two Sigma Investments	551.2K	+426.82K	+343.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

The coronavirus pandemic, efforts to mitigate or disrupt the coronavirus pandemic and related weak, or weakening of, economic or other negative conditions, have disrupted, and may continue to disrupt our business, which has had and could continue to have a material adverse effect on our operations, liquidity, financial condition and financial results.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: actuarial, annuity, brokerage, covered, disproportionate, fifty, floating, Lemonade, longevity, mortality, notice, outlined, owed, percent, rebuild, relieve, replenish, restart, retirement, Simply, Spiked, successfully, twenty

Removed: accessing, amortized, close, expanded, geographical, improved, inaccessible, innovation, large, occur, secure, served, sporting, sustained, wholesale

From filing 10-Q 2022 Q2

Financial reports

View all