|Bid||67.480 x 800|
|Ask||67.480 x 800|
|Day's Range||66.500 - 67.780|
|52 Week Range||58.750 - 94.020|
|PE Ratio (TTM)||10.35|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||1.64 (2.28%)|
|1y Target Est||73.44|
Pabst sued MillerCoors in March 2016 in a dispute over Eden's MillerCoors plant, which closed in September 2015.
Hattersley spoke to Bloomberg last week and said MillerCoors is anticipating at least a $40 million hit to its bottom line as a result of aluminum tariffs from the Trump administration making it more expensive to sell beer in cans.
MillerCoors currently brews all of Pabst Brewing's legacy beers, including Pabst Blue Ribbon. The two are at odds over that renewal, and if MillerCoors does not renew it could devastate PBR's business. MillerCoors and Pabst Brewing are headed to court over a half-a-billion dollar lawsuit Pabst lodged against the Keystone beer maker.
Shares of Boston Beer Co. Inc. are up 1.8% in midday trading Friday after Susquehanna Financial Group analyst Pablo Zuanic raised his price target on the stock to $305 from $221. "Yes, we are chasing the rally here, but in all fairness the very successful innovation around hard cider, hard seltzer, the new Sam'76 (a more approachable craft beer), and sustained 20% plus growth in hard tea, has caught even management by surprise, if we go by guidance and apparent stock outs," Zuanic wrote.
Investors in Molson Coors Brewing Co (NYSE:TAP) have to be disappointed so far this year. TAP stock is down more than 22% so far in 2018 and more than 27% over the past 12 months. While Molson now yields 2.6%, investors have to be asking themselves if it’s time to pass on this brew and look for a more refreshing stock.
Denver-based Molson Coors has acquired the maker of Clearly Kombucha, according to a report Wednesday on the MillerCoors blog. Clearly Kombucha and its six flavors of non-alcoholic fermented tea beverages will become part of the Tenth and Blake craft and specialty brands owned by Molson Coors, which operates in the U.S. through MillerCoors. “We believe the kombucha category is in its early stages,” said Pete Marino, president of Tenth and Blake, in a note to distributors as reported by MillerCoors.
Molson Coors Brewing Co (NYSE: TAP ) peaked 1.6 percent higher mid-session Wednesday after reaffirming its annual guidance despite first-quarter challenges. During its investor day presentation, the firm ...
Shares of Molson Coors Brewing Co. rose 0.6% in afternoon trade Wednesday, with most of the gains coming after the beer brewer said it remained "committed" to its 2018 guidance ranges. The stock was up just 0.2% prior to a trading halt, which came ahead of the company's disclosure of what it presented and its analyst and investor gathering. Among the guidance that remained unchanged were 2018 underlying free cash flow of $1.5 billion, plus-or-minus 10% and costs savings of $210 million.
a month ago, noting that, "A trend in force will remain in force...TAP is in a downtrend and my next downside price target is in the mid-$50s. One month later and TAP has not reached our downside price target and the charts and indicators have actually shown some improvement. In this daily bar chart of TAP, below, we can see that prices are still below the declining 50-day and 200-day moving averages.
Although Molson Coors' (TAP) focus on premiumization and cost savings initiatives bode well, the U.S. beer industry softness and tough input cost environment remain major concerns.
On May 31, Stone filed an injunction that would, if enforced, stop MillerCoors from selling any products disputed in the lawsuit.
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want a free Stock Review on ABEV sign up now at www.wallstequities.com/registration. WallStEquities.com shifts focus on the Beverages Brewers industry, which consists of companies that are engaged in manufacturing beer and malt liquor. In this morning's lineup are Ambev S.A. (NYSE: ABEV), Anheuser-Busch InBev S.A./N.V. (NYSE: BUD), Fomento Economico Mexicano S.A.B. de C.V. (NYSE: FMX), and Molson Coors Brewing Co. (NYSE: TAP).
Last year's surprise headliner was Chevy Metal, a national cover band led by Foo Fighters drummer Taylor Hawkins.
Molson Coors (TAP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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. Index (PMI) data, output in the Consumer Goods sector is rising.
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Molson Coors Brewing Company today declared a regular quarterly dividend on its Class A and Class B common shares of US$0.41 per share, payable June 15, 2018, to shareholders of record on June 4, 2018.