Molson Coors Beverage (TAP)

Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020. Molson Coors Beverage Company was founded in 1774 and is based in Golden, Colorado.

Company profile

Ticker

TAP, TAP-A

Exchange

NYSE

Website

www.molsoncoors.com

CEO

Mr. Gavin D. K. Hattersley

Incorporated

Connecticut

Location

Connecticut

Fiscal year end

Dec 31

Sector

Manufacturing > Breweries

Industry (SIC)

Cutlery, Handtools & General Hardware

The PNC Financial Services Group, Inc. • Walmart • The Charles Schwab Corporation • American Express • Cisco Systems • PacifiCorp • Automatic Data Processing • Eversource Energy • The Connecticut Light and Power Company • NSTAR Electric Company PFD 4.25% ...

Former names

AIR PRODUCTS & CHEMICALS INC /DE/

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 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$63.33

Low target

$56.00

High target

$74.00

Latest filings (excl ownership)

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8 Nov 24

Molson Coors Beverage Company Reports 2024 Third Quarter Results

7 Nov 24

8-K

Departure of Directors or Certain Officers

6 Aug 24

Molson Coors Beverage Company Reports 2024 Second Quarter Results

Entry into a Material Definitive Agreement

7 Jun 24

CERT

Certification of approval for exchange listing

30 May 24

8-K

Entry into a Material Definitive Agreement

29 May 24

8-A12B

Registration of securities on exchange

29 May 24

Transcripts

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TAP

Earnings call transcript

2024 Q2

6 Aug 24

TAP

Earnings call transcript

2024 Q1

30 Apr 24

TAP

Earnings call transcript

2023 Q4

13 Feb 24

TAP

Earnings call transcript

2023 Q3

2 Nov 23

TAP

Earnings call transcript

2023 Q2

1 Aug 23

TAP

Earnings call transcript

2023 Q2

1 Aug 23

TAP

Earnings call transcript

2023 Q1

2 May 23

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

Latest ownership filings

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Financial summary

Financial statements Chart TAP financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn
Cash burn (monthly)	208.53 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	276.14 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	745.56 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	3.6	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

TAP institutional ownership history Ownership history

88.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	639	654	-2.3%
Opened positions	101	89	+13.5%
Closed positions	116	99	+17.2%
Increased positions	245	224	+9.4%
Reduced positions	212	231	-8.2%

13F shares	Current	Prev Q	Change
Total value	7.54 tn	9.85 tn	-23.4%
Total shares	183.38 mm	181.55 mm	+1.0%
Total puts	760.66 k	639.74 k	+18.9%
Total calls	1.53 mm	595.30 k	+156.8%
Total put/call ratio	0.5	1.1	-53.7%

Largest owners	Shares	Value	Change
Vanguard	21.97 mm	$1.12 tn	+1.0%
Adolph Coors	21.52 mm	$826.48 mm	0.0%
Dodge & Cox	14.57 mm	$740.85 bn	+0.4%
BLK BlackRock	14.56 mm	$740.01 bn	-3.4%
STT State Street	8.11 mm	$412.31 bn	-2.6%
LSV Asset Management	6.31 mm	$320.51 mm	-0.4%
Pacer Advisors	5.40 mm	$274.34 bn	+66.5%
Aqr Capital Management	4.79 mm	$241.39 bn	-0.5%
Geode Capital Management	4.28 mm	$217.15 bn	+1.1%
IVZ Invesco	4.07 mm	$207.06 bn	+28.5%

Largest transactions	Shares	Bought/sold	Change
Capital International Investors	2.90 mm	-6.79 mm	-70.0%
Norges Bank	2.42 mm	+2.42 mm	NEW
Pacer Advisors	5.40 mm	+2.16 mm	+66.5%
Charles Schwab Investment Management	1.66 mm	+1.66 mm	NEW
Marshall Wace	0.00	-1.32 mm	EXIT
Jupiter Asset Management	517.81 k	-1.02 mm	-66.4%
IVZ Invesco	4.07 mm	+904.14 k	+28.5%
River Road Asset Management	1.65 mm	+801.25 k	+94.6%
Ilex Capital Partners	0.00	-789.53 k	EXIT
KBCSF KBC	2.09 mm	+755.46 k	+56.5%

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 Oct 24	Natalie G. Maciolek	Class B Common Stock	Payment of exercise	Dispose F	No	No	56.33	3,067	172.76 k	20,913
30 Sep 24	Herington Charles M	Class B Common Stock	Grant	Acquire A	No	No	0	229	0.00	56,871
28 Jun 24	Herington Charles M	Class B Common Stock	Grant	Acquire A	No	No	0	259	0.00	56,642
27 May 24	Eaton Roger G.	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.5	524	28.03 k	49,353
27 May 24	Molson Geoffrey E.	Class B Common Stock	Payment of exercise	Dispose F	No	No	53.5	1,486	79.50 k	27,291