|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||64.00 - 64.00|
|52 Week Range||54.42 - 75.90|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||14.01|
|Forward Dividend & Yield||1.64 (2.56%)|
|1y Target Est||N/A|
Heightened competition in the beer industry could force the brewer to spend more to protect its share of the market, according to Bank of America Merrill Lynch.
Molson Coors Brewing Co (NYSE: TAP ) deserves credit for integrating the MillerCoors and Miller International acquisitions into its business, but one analyst says this is more than offset by multiple concerning ...
Regeneron Pharmaceuticals Inc., Ryanair Holdings PLC, Iron Mountain Inc. and Molson Coors Brewing Co. have declined to their respective three-year lows Continue reading...
Molson Coors Brewing Company will host an online, real-time webcast of the company’s 2019 Second Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m.
An emerging data company has a unique solution to identify, manage and distribute cannabis products, but the potential of its technology could stretch beyond the booming marijuana markets
Bristol-Myers Squibb Company (BMY), UBS Group AG, Kellogg Co. and Molson Coors Brewing Co. have declined to their respective 3-year lows
Some of the biggest companies in the world are poised to profit from legalization. Meet the biggest non-weed companies investing in cannabis. With legalization in full-swing in six states and new legislation ...
Beer makers and beverage giants are investing in and infusing their products with cannibis chemicals to fashion new products. Why?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Molson Coors Brewing Co NYSE:TAPView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for TAP with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding TAP are favorable, with net inflows of $8.82 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. TAP credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
(Bloomberg) -- Molson Coors Brewing Co.’s cannabis joint venture plans to start selling multiple types of pot beverages on Canadian shelves the first day they can legally be sold, though they won’t contain alcohol.The maker of Coors Light has partnered with Gatineau, Quebec-based Hexo Corp. to make a variety of non-alcoholic, cannabis-infused drinks for the Canadian market. The joint venture, called Truss, will have “lots of different beverages” for sale on Dec. 16, when the beverages become legal in Canada, said Jay McMillan, Hexo’s vice president of strategic development.“We’ll have a very large supply so we’ll be in a good position to be able to meet the demand of the marketplace and at the same time also ensure that we’re meeting the variety that the marketplace wants,” McMillan said in an interview on the sidelines of the World Cannabis Congress in Saint John, New Brunswick.Guessing GamePot-infused drinks are sold in U.S. states though the regulations remain fuzzy. Makers of cannabis drinks have to play a bit of a guessing game about consumer tastes, as those currently on the market in the U.S. states often take a long time for the high to kick in, and can taste like “bong water,” McMillan said.Truss plans to offer everything from water to a “beer-like product” and maybe even hot beverages. It has flexible production lines so it can pivot if one type of beverage isn’t selling, he said.It’s also looking at selling CBD-infused beverages in the U.S., which legalized the non-intoxicating substance late last year, with the goal of having products in eight states by 2020.Canada will add edibles, beverages, vape pens and topicals to its list of legal cannabis products this fall, but they won’t be available on shelves until Dec. 16 at the earliest. Its regulations for the new formats include the stipulation that alcohol-related terms like “beer” and “wine” can’t be used to market pot drinks.“You’re going to have to call it a cannabis-infused yeast extract,” Darrell Dexter, executive director of the Cannabis Beverage Producers Alliance and former premier of Nova Scotia, joked in a panel discussion.To contact the reporter on this story: Kristine Owram in Toronto at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, ;David Scanlan at email@example.com, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Boston Beer (SAM) gains from momentum in shipment volume and depletion, driven by its three-point growth plan. This places it ahead of peers in an otherwise struggling alcohol industry.
Disappointed with its latest quarterly results? The cannabis producer's CEO identified plenty of good news that should be on the way.
On Monday, Credit Suisse initiated Molson Coors Brewing Co. Credit Suisse proposed two scenarios, one of which has the stock rising to $71, and another which projects the shares falling to $43. Molson Coors has been in a bear channel (blue lines) for about three years, consisting of numerous lower highs and lower lows.
went flat Monday, falling 3.9% to $54.74 after Credit Suisse initiated coverage on the stock with an "underperform" rating and a $50 price target. "We believe the company faces significant hurdles in overcoming its portfolio exposure, and fear the time for bold decisions has passed," Credit Suisse said in a note to investors. Last month, Denver-based Molson Coors reported first quarter top- and bottom-line results that were below expectations.