
Molson Coors Beverage Company's stock symbol is TAP, which is listed on the New York Stock Exchange.
TAP is a well-established stock symbol with a history dating back to 1979, when Adolph Coors Company and Molson Breweries merged to form Coors Brewing Company.
The company's stock has seen significant growth over the years, with a market capitalization of over $10 billion.
As one of the world's largest brewers, Molson Coors has a diverse portfolio of brands, including Coors Light, Miller Lite, and Blue Moon.
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Molson Coors Stock Performance
Molson Coors Stock Performance has been relatively stable over the years, with a 5-year average annual return of 4.5%.
The company's stock price has experienced fluctuations due to various market and economic factors, with a high of $73.47 in 2018 and a low of $43.45 in 2020.
Molson Coors has consistently paid dividends to its shareholders, with a current dividend yield of 3.4%.
Financials and Dividends
Molson Coors stock has a history of paying regular quarterly dividends. The company declared a regular quarterly dividend of US$0.44 per share on its Class A and Class B common stock, payable December 20, 2024, to stockholders of record on December 6, 2024.
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The dividend payout ratio is 0.3, indicating that the company is distributing a relatively small portion of its net income to shareholders. In 2024, the net sales were 11.61B USD, and the net income was 1.13B USD.
Here is a breakdown of the dividend history:
The dividend yield is 3.31%, indicating that investors can expect a relatively stable income stream from their investment in Molson Coors stock.
Annual Sales Decline
Molson Coors has forecasted an annual sales decline, which is a concerning trend for investors. The company's net sales are expected to decrease in 2025 compared to 2024.
One of the main reasons for this decline is the hit to volumes in the United States. As we can see from the article, Molson Coors missed Wall Street estimates for quarterly revenue in 2025.
The company's net sales in 2025 are projected to be $11.57B, $11.15B, $10.48B, $9.27B, and $16.57B, respectively. These numbers are lower compared to the previous year's projections.
Here's a breakdown of the projected net sales for 2025:
As you can see, Molson Coors is facing a significant decline in net sales, which could impact the company's profitability and dividend payments.
Dividend and Buy Back
Molson Coors Beverage Company has a history of paying regular quarterly dividends, with the latest declaration being $0.44 per share for Class A and Class B common stock, payable on December 20, 2024.
The company's dividend payout ratio is a relatively low 0.3, indicating that it's not overstretching its finances to pay out dividends.
Molson Coors has a impressive 3-year dividend growth rate of 42.2%, showing a strong commitment to rewarding its shareholders.
The forward dividend yield is 3.31%, which is the same as the current dividend yield, indicating that the company's dividend payment is stable.
The 5-year yield-on-cost is 3.04%, which is slightly lower than the current dividend yield, suggesting that the company's dividend payment has increased over time.
Molson Coors also has a share buyback program, with a 3-year average share buyback ratio of 0.5, indicating that the company is actively repurchasing its own shares.
Here's a summary of the company's dividend and buyback metrics:
Insider Activity
Molson Coors Brewing Company has seen significant insider activity in recent months, with several high-ranking executives buying and selling shares.
Charles M Herington, a director at the company, has been actively buying shares, with a total of 5,206.00 shares traded on May 15, 2024, and 196.00 shares traded on March 30, 2024.
Peter H Coors, also a director, has been buying shares in large quantities, with a total of 9,746.00 shares traded on May 15, 2024.
Other notable insiders include Roger G Eaton, who sold 3,967.00 shares on May 26, 2024, and Andrew Thomas Molson, who sold 3,067.00 shares on October 1, 2024.
Here are the details of the insider trades:
These insider trades suggest that the company's executives are confident in its future prospects, and are making strategic decisions about their shareholdings.
Company News and Events
Molson Coors Brewing Company has had its fair share of earnings reports and annual general meetings. In Q3 2024, they reported an actual earnings per share (EPS) of 0.961 USD.
Their Q2 2024 earnings release saw a significant increase in EPS, reaching 2.026 USD on August 6, 2024. This was a notable improvement from their Q1 2024 earnings release, which reported an EPS of 0.970 USD on April 30, 2024.
Here's a list of their recent earnings reports:
Their annual general meetings have also seen significant EPS, with a high of 4.622 USD on May 18, 2022.
Buys Stake in Fevertree
Molson Coors has made a significant investment in the UK's Fevertree Drinks, purchasing an 8.5% stake for $88 million.
This strategic move allows Molson Coors to expand its portfolio of non-alcoholic beverage offerings in the US.
Fevertree Drinks is a leading brand in the UK, and Molson Coors is likely looking to tap into its expertise and popularity.
The $88 million investment is a substantial one, equivalent to approximately 71 million pounds.
This deal is a testament to the growing demand for non-alcoholic beverages, and Molson Coors is well-positioned to capitalize on this trend.
Calendar
Molson Coors Brewing Company has a number of upcoming events that investors and shareholders should be aware of. The company's Q4 2024 Earnings Release is estimated to be around $1.128 USD and is scheduled for February 13, 2025.
The company's dividend calendar is also worth noting, as it shows a steady payout to shareholders over the years. In 2023, the dividend was $1.64 USD.
Here is a list of upcoming earnings releases for Molson Coors Brewing Company:
The company's dividend yield has also fluctuated over the years, ranging from 1.47% in 2021 to 2.68% in 2023.
Past Events
Molson Coors Brewing Company has had its fair share of earnings reports over the years. In Q3 2024, the company's actual earnings per share (EPS) was 0.961 USD.
The company's earnings reports have been released on various dates, with the first one in Q1 2023 on May 2nd, 2023.
Notably, the company's Annual General Meeting has seen significant swings in EPS, with a high of 4.622 USD in 2022 and a low of -0.808 USD in 2023.
Here's a breakdown of the company's earnings reports and Annual General Meetings over the past few years:
Anheuser-Busch vs. Battle of the Beers
Anheuser-Busch InBev SA/NV is a mid-level play with higher valuation and growth expectations. This means investors expect the company to grow and increase in value over time.
Molson Coors Beverage Company is a value play with lower valuation and growth expectations. In other words, investors think the company is a good value for the price, but it may not grow as quickly as other companies.
Anheuser-Busch InBev SA/NV has higher valuation and growth expectations than Molson Coors Beverage Company. This is likely due to the company's larger size and market presence.
Both companies are major players in the beer industry, with a long history of producing popular brands.
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Big Beer Brands' Struggles to Continue
Big beer brands are in for a tough time, especially with demand slumping in the US and abroad. Shares of some of the nation's biggest brewers have already slipped this year.
Analysts at TD Cowen are predicting that the struggles of big beer brands will continue into next year.
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Frequently Asked Questions
Is Molson Coors a good stock to buy?
Molson Coors has a mixed analyst consensus with 3 buy and 1 sell ratings, suggesting a neutral outlook. Investors may want to consider this before making a decision about buying the stock.
Is Molson Coors publicly traded?
Yes, Molson Coors is a publicly traded company, listed on the New York and Canadian Stock Exchange under the ticker symbol TAP.
How do I buy Coors stock?
You can buy Coors stock through a broker or directly through Computershare Trust Company, N.A.'s shareholder services. To learn more about the direct stock purchase program and other options, visit the Molson Coors shareholder services website.
What company owns Molson Canadian?
Molson Canadian is owned by Molson Coors Canada Inc., a subsidiary of Molson Coors Brewing Company, which was formed through the 2005 merger of Molson and the Adolph Coors Company.
What company did Coors merge with?
Coors merged with Molson to form Molson Coors Brewing Company. The merger was completed in 2005, combining the brands and operations of both companies.
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