|Bid||55.10 x 800|
|Ask||55.25 x 1100|
|Day's Range||54.88 - 55.79|
|52 Week Range||49.82 - 64.32|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||49.77|
|Earnings Date||Apr 29, 2020|
|Forward Dividend & Yield||2.28 (4.13%)|
|Ex-Dividend Date||Nov 28, 2019|
|1y Target Est||56.33|
Innovation is all around MolsonCoors 10th Street Brewery. The brewery's bottle and canning fillers are operated on the same line with adjustable rails to switch in between the two packaging types. Three hundred bottles or 240 cans are filled in just a minute.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Molson Coors Brewing Company (NYSE: TAP).
Hard seltzers had a big year in 2019 and Molson Coors Beverage Co. is looking to capitalize with the launch of Vizzy in March. Vizzy will be the first hard seltzer made with acerola cherry, according to Gavin Hattersley, chief executive of Molson Coors (TAP) , who spoke on the fourth-quarter earnings call on Thursday. Acerola cherry is high in vitamin C.
Molson Coors Beverage Co., facing an important year under a new organization with a number of new, innovative products and marketing campaigns on the way, will continue to maintain a focus on its two core premium light brands while still pushing further into the above premium and beyond beer categories.
The S&P 500 and Dow Jones Industrials hit all-time highs on Wednesday, lifted by optimism that the coronavirus epidemic will be contained. The strengthening of Bernie Sanders' front-runner status in the race of the Democratic nomination for the 2020 presidential election appeared to add support to markets after his narrow win in New Hampshire, as some investors speculated that it increased the chances of President Donald Trump staying in office.
Molson Coors is on the right track for its revitalization plan as the company beats earnings estimates, an MKM Partners analyst says.
Molson Coors' (TAP) fourth-quarter 2019 results gain from positive global net pricing, cost savings, lower operating expenses and the timing of marketing investments. It outlines view for 2020.
Molson Coors (TAP) delivered earnings and revenue surprises of 34.21% and -0.55%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Molson Coors Beverage Co. shares rose 2.8% in Wednesday premarket trading after the beer company reported fourth-quarter earnings and sales that beat consensus. Net income totaled $163.7 million, or 75 cents per share, up from $76.0 million, or 35 cents per share, last year. Adjusted EPS of $1.02, beat the FactSet consensus of 78 cents. Sales of $2.49 billion were up from $2.42 billion the previous year and also ahead of the $2.48 billion FactSet consensus. Sales in the U.S. increased 4.7% but fell 4.6% in Canada. Molson Coors brands include Coors Light, Blue Moon Belgian White, Molson Canadian, and a number of sparkling cocktails, hard coffee, canned wine and other beverages. Molson Coors stock has slipped 2% over the past year while the S&P 500 index has gained 22.3% for the period.
A new report from (CSGN) predicts hard seltzer sales will double this year and reach 8% to 10% of beer sales by 2023. Hard seltzer, for the unfamiliar, is carbonated water with added alcohol, typically given fruit flavoring. Manufacturers can fine-tune the alcohol level and, thus, calories and carbohydrates, making the drinks popular with the beer-belly-adverse.
Molson Coors (TAP) faces litigation for naming its hard seltzer Vizzy. Contender Future Proof, the maker of Brizzy hard seltzer, claims that the name creates market confusion.
Millennials’ fixation on abs over beer bellies have also given rise to the spiked seltzer — aka carbonated water and booze in a can — craze. Among the big listed brewers, Molson Coors has suffered the most from the secular decline in US demand for beer. Stock market performance tells the story: shares in the $13bn maker of Coors Light and Miller Lite ended 2019 down 4 per cent - and 50 per cent from its 2016 highs - compared with gains of up to 57 per cent booked by rivals.
Federal Reserve Chairman Jay Powell heads to Capitol Hill for another day of testimony in front of Congress and Cisco reports earnings Wednesday.
Molson Coors Beverage Co. was downgraded Tuesday to strong sell from sell at CFRA, a day before the beer brewer is scheduled to report fourth-quarter results. Analyst Garrett Nelson kept his stock price target at $48, but that is 17% below current levels. He cut his kept his 2019 adjusted earnings per share estimate at $4.30--the FactSet consensus is $4.29--but lowered his 2020 estimate to $4.10 (FactSet consensus $3.96) from $4.35, citing his belief that the continued decline in domestic beer consumption will keep weighing on Molson's earnings and sales. He quoted data from alcohol beverage trend tracker IWSR showing U.S. beer volume fell 2.3% in 2019 for a fourth-straight yearly decline, with sales of domestic brands falling even faster at 3.6%. "[Molson's] flagship brands continue to struggle, as millennials continue to drink less beer and more spirits and hard seltzers," Nelson wrote in a note to clients. "We think [Molson's] shift into the increasingly competitive seltzer market comes too late." The stock, which gained 0.5% in afternoon trading, has lost 11.0% over the past 12 months, while the S&P 500 has gained 24.1%.
On Wednesday, February 12, Molson Coors Brewing (NYSE: TAP ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Molson Coors Brewing EPS is expected ...
On Feb. 12, the Chicago-based company will show the initial impact of this new restructuring plan with the release of its fourth quarter earnings. Here's what to watch in the upcoming earnings release
PepsiCo's (PEP) fourth-quarter 2019 results are likely to reflect gains in all segments, and product and geographic portfolios. Higher costs and tax rate are likely to have hurt its performance.
Future Proof, an Austin startup that jumped into the hard seltzer craze in 2019 with a canned drink called Brizzy, is suing MillerCoors, the second-largest beer brewer in the country.
Future Proof Brands LLC, the small entrepreneurial beverage company that introduced its Brizzy® premium hard seltzer in 2019, has filed litigation in an Austin federal court, charging that Molson Coors (NYSE: TAP) is infringing on Brizzy's federally registered trademark and creating market confusion through the industry giant's planned launch of a competing product, Vizzy, later this year.
Molson Coors' (TAP) fourth-quarter 2019 results are likely to reflect gains from growth initiatives. However, higher input costs and volume deleverage are likely to have hurt its performance.