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
IRS number
840178360

TAP stock data

(
)

Calendar

30 Apr 20
5 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

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Eaton Roger G. Class B Common Stock Grant Aquire A No 0 874 0 33,716
30 Jun 20 Napier Iain J G Class B Common Stock Grant Aquire A No 0 404 0 32,312
30 Jun 20 Herington Charles M Class B Common Stock Grant Aquire A No 0 364 0 41,767
30 Jun 20 Tough Douglas D. Class B Common Stock Grant Aquire A No 0 364 0 23,786
30 Jun 20 Nessa O'Sullivan Class B Common Stock Grant Aquire A No 0 336 0 4,278
85.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 490 529 -7.4%
Opened positions 62 85 -27.1%
Closed positions 101 58 +74.1%
Increased positions 196 191 +2.6%
Reduced positions 173 181 -4.4%
13F shares
Current Prev Q Change
Total value 6.52B 9.07B -28.0%
Total shares 167.6M 167.46M +0.1%
Total puts 2.13M 1.64M +30.1%
Total calls 798.12K 958.62K -16.7%
Total put/call ratio 2.7 1.7 +56.2%
Largest owners
Shares Value Change
Vanguard 22.22M $866.88M +0.2%
Dodge & Cox 22.07M $861.06M +28.9%
BLK BlackRock 17.6M $686.44M +4.6%
STT State Street 9.58M $373.8M +2.4%
Independent Franchise Partners 5.86M $228.5M -27.5%
LSV Asset Management 4.97M $193.85M +6.7%
WFC Wells Fargo & Co. 4.48M $174.81M +2.6%
IVZ Invesco 4.18M $163.08M +28.6%
BK Bank Of New York Mellon 3.15M $122.73M +17.2%
Geode Capital Management 2.99M $116.61M +1.5%
Largest transactions
Shares Bought/sold Change
Dodge & Cox 22.07M +4.95M +28.9%
Independent Franchise Partners 5.86M -2.22M -27.5%
Amundi Pioneer Asset Management 624.51K -1.65M -72.6%
PUK Prudential 1.57M +1.57M NEW
Norges Bank 0 -1.54M EXIT
N Price T Rowe Associates 2.01M +1.33M +198.3%
Equity Investment 0 -1.02M EXIT
IVZ Invesco 4.18M +930.26K +28.6%
Brandywine Global Investment Management 1.16M -844.41K -42.1%
BLK BlackRock 17.6M +767.48K +4.6%

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 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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Legalese
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H.S. senior Avg
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