Molson Coors Beverage Company (TAP): A Bull Case Theory [Yahoo! Finance]
Molson Coors Beverage Company Class B (TAP)
Last molson coors beverage company class b earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
ir.molsoncoors.com/overview/default.aspx
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Source: Yahoo! Finance
Photo by Jay Miller on Unsplash Molson Coors Beverage Company (TAP), currently trading at $55 with a market cap of $11.4 billion and a 3.2% dividend yield, has seen its stock price fluctuate significantly this year, dropping from around $70 to a low of $50. The company brews a wide range of popular beverages, including Molson, Coors, Miller, and Blue Moon, alongside various ciders and seltzers, and maintains a presence in international markets. Despite generally profitable operations, TAP reported losses in both 2020 and 2022, with operating profits of $250 million in 2019. Overall, the company's returns on assets are decent but not sufficiently above its cost of capital, indicating a lack of a robust economic moat. Management has projected a 5% increase in profits for the year, estimating operating profits at $1.68 billion. Applying a 25% tax rate, this translates to an after-tax profit of approximately $1.26 billion. Given TAP's stable, mid-cap status and conservative financing
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News
- Molson Coors Stock Falls 19% in Six Months: Time to Hold or Fold? [Yahoo! Finance]Yahoo! Finance
- US election risk hitting corporate investment plans, survey says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Albany Chamber's PROPEL luncheon empowers women [Yahoo! Finance]Yahoo! Finance
- Why Molson Coors Brewing (TAP) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put Molson Coors Beverage (NYSE:TAP) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
TAP
Earnings
- 8/6/24 - Beat
TAP
Sec Filings
- 8/6/24 - Form 10-Q
- 8/6/24 - Form 8-K
- 7/15/24 - Form 25-NSE
- TAP's page on the SEC website