Molson Coors Beverage (TAP)

Company Profile

For over two centuries Molson Coors has been brewing beverages that unite people for all of life’s moments. From Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky, Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs and more, Molson Coors produces some of the most beloved and iconic beer brands ever made. While the company’s history is rooted in beer, Molson Coors offers a modern portfolio that expands beyond the beer aisle as well. The company’s commitment to raising industry standards and leaving a positive imprint on its employees, consumers, communities and the environment is reflected in its Imprint and its 2025 sustainability targets.

Company profile

Ticker

TAP, TAP.A

Exchange

NYSE

Website

www.molsoncoors.com

CEO

Gavin Hattersley

Incorporated

Delaware

Location

Colorado

Fiscal year end

Dec 31

Sector

Manufacturing > Breweries

Industry (SIC)

Malt Beverages

CHINA NEW BORUN • Boston Beer • BrewBilt Brewing • NewAge • I-ON Digital • Anheuser-Busch In Bev • United Breweries • Anheuser-busch Inbev ...

Former names

COORS ADOLPH CO, MOLSON COORS BREWING CO

SEC CIK

0000024545

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

3230600 Nova Scotia Company • CBC Holdco 2 LLC • CBC Holdco 3, Inc. • CBC Holdco LLC • Coors Brewing Company • Coors Distributing Company LLC • Coors International • Molson Canada • Molson Coors (Barbados) SRL • Molson Coors (UK) Holdings ...

IRS number

840178360

TAP stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$53.00

Low target

$48.00

High target

$60.00

Latest filings (excl ownership)

View all

8-K

Departure of Directors or Certain Officers

21 Feb 23

Company Delivers Fourth Quarter Top-Line Growth, Exceeding Full Year Guidance on a Constant Currency Basis

1 Nov 22

Molson Coors Delivers Sixth Consecutive Quarter of Top-Line Growth on a Constant Currency Basis

2 Aug 22

Molson Coors Delivers Fifth Consecutive Quarter of Top-Line Growth on a Constant Currency Basis

2 Aug 22

8-K

Amendments to Articles of Incorporation or Bylaws

3 May 22

Molson Coors Delivers First Quarter Double-Digit Top and Bottom-Line Growth with Highest Above Premium Mix Since the 2016 MillerCoors Acquisition

3 May 22

Transcripts

View all

TAP

Earnings call transcript

2022 Q4

21 Feb 23

TAP

Earnings call transcript

2022 Q3

1 Nov 22

TAP

Earnings call transcript

2022 Q2

2 Aug 22

TAP

Earnings call transcript

2022 Q1

3 May 22

TAP

Earnings call transcript

2021 Q4

23 Feb 22

TAP

Earnings call transcript

2021 Q3

28 Oct 21

TAP

Earnings call transcript

2021 Q2

29 Jul 21

TAP

Earnings call transcript

2021 Q1

30 Apr 21

TAP

Earnings call transcript

2020 Q4

12 Feb 21

TAP

Earnings call transcript

2020 Q2

30 Jul 20

Latest ownership filings

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Financial summary

Financial statements Chart TAP financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	600.00 mm	600.00 mm	600.00 mm	600.00 mm	600.00 mm	600.00 mm
Cash burn (monthly)	(no burn)	3.12 mm	188.03 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	9.13 mm	550.53 mm	n/a	n/a	n/a
Cash remaining	n/a	590.87 mm	49.47 mm	n/a	n/a	n/a
Runway (months of cash)	n/a	189.6	0.3	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

TAP institutional ownership history Ownership history

97.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	575	565	+1.8%
Opened positions	74	69	+7.2%
Closed positions	64	69	-7.2%
Increased positions	222	194	+14.4%
Reduced positions	190	214	-11.2%

13F shares	Current	Prev Q	Change
Total value	8.62 tn	11.67 bn	+73799.0%
Total shares	194.63 mm	182.58 mm	+6.6%
Total puts	653.69 k	896.89 k	-27.1%
Total calls	722.10 k	1.21 mm	-40.2%
Total put/call ratio	0.9	0.7	+21.8%

Largest owners	Shares	Value	Change
Dodge & Cox	27.09 mm	$1.40 tn	-2.6%
Vanguard	21.83 mm	$1.12 tn	+0.8%
Adolph Coors	21.52 mm	$826.48 mm	0.0%
BLK Blackrock	15.91 mm	$819.75 bn	+2.8%
STT State Street	8.59 mm	$442.56 bn	NEW
LSV Asset Management	7.59 mm	$386.27 bn	-2.3%
Clarkston Capital Partners	6.73 mm	$346.79 bn	+9.0%
Pentland Securities	5.04 mm	$288.40 mm	0.0%
Capital International Investors	4.87 mm	$250.67 bn	+0.3%
Geode Capital Management	3.82 mm	$194.45 bn	+0.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	8.59 mm	+8.59 mm	NEW
Norges Bank	1.61 mm	+1.61 mm	NEW
Artemis Investment Management	0.00	-1.01 mm	EXIT
Dodge & Cox	27.09 mm	-711.23 k	-2.6%
Clarkston Capital Partners	6.73 mm	+557.21 k	+9.0%
IVZ Invesco	3.66 mm	+543.97 k	+17.5%
Keybank National Association	440.59 k	+440.59 k	NEW
BLK Blackrock	15.91 mm	+430.26 k	+2.8%
Capital Group Investment Management Pte.	416.94 k	+416.94 k	NEW
Foundry Partners	320.33 k	+320.33 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TAP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Mar 23	Gavin Hattersley	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.28	9,508	506.59 k	132,761
2 Mar 23	David S. Coors	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.28	331	17.64 k	17,123
2 Mar 23	Roxanne Stelter	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.28	399	21.26 k	7,557
2 Mar 23	Sergey Yeskov	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.28	23	1.23 k	37,270
2 Mar 23	Jacques Michelle St.	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.28	1,537	81.89 k	34,646