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TAP Molson Coors Beverage

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
CEO
Gavin Hattersley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COORS ADOLPH CO, MOLSON COORS BREWING CO
SEC CIK
IRS number
840178360

TAP stock data

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Calendar

29 Jul 21
31 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.31B 1.31B 1.31B 1.31B 1.31B 1.31B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 5.92M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 6.03M n/a n/a
Cash remaining n/a n/a n/a 1.3B n/a n/a
Runway (months of cash) n/a n/a n/a 220.2 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Julia M Brown Class B Common Stock Grant Aquire A No No 0 93 0 2,621
30 Jun 21 Herington Charles M Class B Common Stock Grant Aquire A No No 0 233 0 45,423
30 Jun 21 Eaton Roger G. Class B Common Stock Grant Aquire A No No 0 559 0 38,683
30 Jun 21 Tough Douglas D. Class B Common Stock Grant Aquire A No No 0 233 0 27,442
30 Jun 21 Nessa O'Sullivan Class B Common Stock Grant Aquire A No No 0 466 0 9,060

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

98.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 497 517 -3.9%
Opened positions 69 110 -37.3%
Closed positions 89 54 +64.8%
Increased positions 168 169 -0.6%
Reduced positions 184 175 +5.1%
13F shares
Current Prev Q Change
Total value 14.7B 11.83B +24.2%
Total shares 196.45M 196.2M +0.1%
Total puts 2.26M 1.9M +19.2%
Total calls 1.83M 2.09M -12.2%
Total put/call ratio 1.2 0.9 +35.7%
Largest owners
Shares Value Change
Dodge & Cox 31.28M $1.6B +5.7%
Adolph Coors 21.52M $826.48M 0.0%
Vanguard 19.44M $994.45M +1.2%
BLK Blackrock 18.25M $933.47M +24.2%
STT State Street 8.22M $420.54M -7.4%
Clarkston Capital Partners 6.77M $346.4M -6.2%
LSV Asset Management 5.5M $281.35M -1.6%
Capital International Investors 4.58M $234.12M +7.3%
IVZ Invesco 4.09M $209.31M +10.8%
Geode Capital Management 3.46M $176.54M +2.6%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 18.25M +3.55M +24.2%
River Road Asset Management 3.09M +2.66M +626.7%
Norges Bank 0 -1.94M EXIT
Dodge & Cox 31.28M +1.69M +5.7%
Arrowstreet Capital, Limited Partnership 1.03M -1.37M -57.1%
Wellington Management 1.78M -1.16M -39.3%
FMR 1.15M -1.07M -48.1%
Thompson Siegel & Walmsley 1.7M -693.34K -29.0%
STT State Street 8.22M -659.33K -7.4%
Wedge Capital Management L L P 6.29K -625.27K -99.0%

Financial report summary

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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 has had and could continue to have a material adverse effect on our operations, liquidity, financial condition and financial results.
Management Discussion
  • Net sales of approximately $2.9 billion in the second quarter of 2021 increased 17.4% from the prior year, primarily due to higher financial volumes, favorable brand and channel mix as well as positive pricing. Financial volume growth of 5.5% was primarily due to improved brand volume growth, particularly in Europe as a result of an increase in on-premise re-openings, as well as favorable shipment timing in the U.S., higher contract brewing and wholesaler volumes. Improved brand volume growth, particularly in Europe, was due to on-premise re-openings, higher above premium and core brand volumes, partially offset by lower economy brand volumes.
  • During the second quarter of 2021, we recognized net income attributable to MCBC of $388.6 million compared to $195.0 million in the prior year. The increase was primarily due to higher financial volumes, favorable net pricing, positive brand and channel mix, lower tax expense, lower special items charges, as well as favorable unrealized gains in our mark-to-market commodity positions, partially offset by higher marketing, general and administrative ("MG&A") expense and higher cost of goods sold inflation, including higher transportation, brewery and packaging material costs.
  • •In our North America segment, income before income taxes increased 4.1% to $428.2 million in the second quarter of 2021, compared to $411.5 million in the prior year primarily due to net pricing increases, lower special items charges, favorable brand mix in the U.S., cost savings in cost of goods sold, higher financial volumes and the cycling of prior year charges for temporary "thank you" pay for certain essential North America brewery employees, partially offset by higher MG&A expense and inflation within cost of goods sold, including higher transportation, brewery and packaging material costs, increased inventory obsolescence, as well as the cycling of favorable prior year resolution of a property tax appeal for the Golden, Colorado brewery. The higher MG&A expense reflects increased marketing investment on innovation brands as well as the cycling of lower spending in the prior year in areas impacted by the coronavirus pandemic.
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