Molson Coors Brewing CompanyNYSE
MolsonCoors Has A Dump On TAP
Barna Financial • 21 Comments
Barna Financial • 21 Comments
Tapping Into Molson Coors
Timberwolf Equity Research
Timberwolf Equity Research
Yesterday, 7:30 AM
- Philip van Doorn and team at Marketwatch put together a list of 18 S&P 500 names with consensus sell-side price targets at least 30% above the current price.
- Ten of the 18 stocks are in healthcare, which has been roughed up by a combination of Obamacare, Clinton's talk about drug pricing (back when all thought she would be the next POTUS), and now Trump joining in the bashing.
- The list (in order of possible upside): Mallinckrodt PLC (NYSE:MNK) - 56% potential upside, Endo International PLC (NASDAQ:ENDP) - 52% upside, Hanesbrands (NYSE:HBI) - 45% upside, Edwards Lifesciences (NYSE:EW) - 44% upside, Mylan (NASDAQ:MYL) - 42% upside, Allergan (NYSE:AGN) - 39% upside, Alexion (NASDAQ:ALXN) - 37% upside, Activision Blizzard (NASDAQ:ATVI) - 35% upside, Salesforce.com (NYSE:CRM) 34% upside, NRG Energy (NYSE:NRG) - 34% upside, Centene (NYSE:CNC) 34% upside, Gilead (NASDAQ:GILD) 33% upside, Facebook (NASDAQ:FB) 32% upside, Boston Scientific (NYSE:BSX) - 32% upside, Pitney owes (NYSE:PBI) - 32% upside, Molson Coors (NYSE:TAP) - 30% upside, Newell Brands (NYSE:NWL) - 30% upside, Zimmer Bioment (NYSE:ZBH) - 30% upside.
Wed, Nov. 30, 9:20 AM
- Beer sales in the U.S. have improved over the last 12 weeks, updates Susquehanna analyst Pablo Zuanic.
- IRI scanner data indicates that volume rose 1% during the 4-week period ending November 20 to mark the fastest pace of growth seen since November. Volume fell 0.1% in Q3 and was up 0.7% in Q2.
- Zuanic says trends improved for Anheuser-Busch InBev (NYSE:BUD) and MillerCoors (NYSE:TAP), but volumes remained down mid-single digits for Boston Beer (NYSE:SAM).
- "Sam Adams volumes worsened further, while Twisted Tea improved, and Angry Orchard declines slowed," writes Zuanic.
Mon, Nov. 21, 2:24 PM
- Monster Beverage (NASDAQ:MNST) is up 4.51% on a huge volume move.
- Other beverage stocks with a head of steam include National Beverage Corporation (FIZZ +4.2%), Boston Beer (SAM +2.2%), Molson Coors (TAP +1.9%), Dr Pepper Snapple (DPS +1.8%) and Jones Soda (JSDA +2.8%). Leading Brands (LBIX +12.1%) moved higher after a bullish Seeking Alpha article went live.
- It's not clear why the names are attracting so much attention today from investors (M&A intrigue?), but as a group beverage stocks are the top performer in the consumer goods sector.
Thu, Nov. 17, 6:31 PM
Thu, Nov. 17, 5:39 PM
Tue, Nov. 1, 6:48 AM
Mon, Oct. 31, 5:30 PM
- ADPT, AEP, AHH, ALLT, AME, AMRC, ANGI, APLP, ARRY, AUDC, AVA, AYR, BKD, BP, CIE, CMI, CNX, COH, CRCM, DHX, DIN, DISCA, DX, ECL, EGL, EIGI, EMR, ETN, EVHC, FCH, FDP, FIS, FSS, GHM, GK, GLT, GWR, HCP, HRS, HSKA, HW, HZO, ICE, IDXX, INCY, IRM, K, KEM, LXRX, LYB, MCRN, MDC, MLM, MOS, MSM, NI, NSP, OSK, OXY, PBI, PES, PFE, PPL, PRTS, RDC, RDS.A, RDWR, RHP, SAH, SALE, SCAI, SHOO, SHPG, SNE, SPR, SUI, TAP, TRI, WCG, WLB, WNR, WNRL, XYL
Tue, Oct. 11, 10:43 AM
- Molson Coors Brewing Company (TAP -0.5%) announces it completed the acquisition of SABMiller's 58% stake in the MillerCoors JV.
- As part of the transaction, Molson Coors also gains full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico, and retains the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico, including Redd’s and import brands such as Peroni, Grolsch and Pilsner Urquell.
- MillerCoors will operate as a separate business unit of the company with its current headquarters in Chicago,
- Molson Coors is now the third largest global brewer by enterprise value.
- Shares of TAP are up 34% over the last 52 weeks after investors bet on the company's ability to benefit in the post-Megabrew environment.
- Source: Press Release
- Wall Street views: Four food stocks tapped for outperformance and Goldman Sachs likes Molson Coors in the post-Megabrew environment
Mon, Oct. 10, 9:09 AM
Wed, Oct. 5, 9:01 AM
- Trends at MillerCoors have taken a turn for the worse, according to a deep data dive from Susquehanna analyst Pablo Zuanic.
- Volume fell off 2.9% in Q3 after a 1.8% decline in both Q1 and Q2, notes Zuanic.
- He says price/mix trends have slowed somewhat to +1.2% vs. +1.6% in both of the last two quarters. All three segments (premium, mainstream, value) showed "deterioration" during the tracking period.
- Molson Coors (NYSE:TAP) assumes full control of MillerCoors after the SABMiller-Anheuser Buch InBev deal closes.
Wed, Sep. 28, 9:04 AM
- While it was shareholders at Anheuser-Busch (NYSE:BUD) and SABMiller (OTCPK:SBMRY) that approved an industry-rattling merger today, Molson Coors (NYSE:TAP) is the beer stock on the move.
- The finalized deal gives a green light to Molson Coors to close on acquiring SABMiller’s interest in Miller Coors in a deal valued around $12B.
- Molson is a surprisingly thinly-covered stock and could be a post-Megabrew sleeper.
- Previously: AB InBev shareholders back Megabrew deal (Sept. 28)
- Previously: SABMiller shareholders approve A-B InBev deal (Sept. 28)
- TAP +4.59% premarket to $112.47 (52-week high territory).
Thu, Aug. 11, 10:47 AM
- MillerCoors (TAP, OTCPK:SBMRY) added yet another craft brewer to its Tenth and Blake division with the purchase of Revolver Brewing.
- Terms for the acquisition of the Texas craft beer specialist weren't disclosed.
- MillerCoors has been this summer adding new craft labels with Anheuser-Busch InBev busy working on the Megabrew deal.
Mon, Aug. 8, 1:26 PM
- Susquehanna gives a brief update to investors on its four top food sector picks (all rated at Positive). Analyst Pablo Zuanic prefers companies with a North American focus.
- Kraft Heinz (KHC -0.7%): 3G is expected to have more tricks up its sleeve to improve the bottom line. "We see more accretive deal making," writes Zuanic.
- TreeHouse Foods (THS -1.5%): TreeHouse is seen benefiting from the integration of the ConAgra private label businesses and improving K-cup trends.
- Molson Coors (TAP -0.2%): EBIT margin has room to move higher after the inefficiencies of the JV structure with MillerCoors are behind it.
- Mondelez International (MDLZ +0.3%): Zuanic expects M&A action at MDLZ.
Mon, Aug. 8, 11:01 AM
- While Megabrew news has dominated the beer industry conversation over the last month, MillerCoors (OTCPK:SBMRY, TAP) has quietly added two new craft brewers to its portfolio.
- The joint venture company added Hop Valley Brewing this month and picked up Terrapin Beer last month.
- Both properties will be piled into MillerCoors' Tenth and Blake family of craft brands which already includes Blue Moon, Jacob Leinekugel Brewing, and Saint Archer Brewing.
Sat, Aug. 6, 11:06 AM
- The heavy investment by the automobile industry on self-driving technology could end up benefiting restaurants and beer companies, according to some conjecture from Morgan Stanley.
- The math from MS works out like this: You take the 39% of the 2.1B global drinking population that drives and factor in that their average intake of alcohol would increase from 1.5 drinks to 2.5 drinks per week with a self-driving car to haul them home. Assign a value per drink of $2.32 and you have an incremental annual benefit of $98B for the restaurant and alcohol industry.
- There's conflicting data on the impact of Uber (Private:UBER) and Lyft (Private:LYFT) on alcohol consumption, so the Morgan Stanley theory has a ways before playing out. Still, Morgan's Adam Jonas is convinced the automobile industry is heading toward a future of fully autonomous transport in which the driving experience is nostalgic. The buying habits of younger millennials support the thesis to a degree.
- During the Tesla Motors (NASDAQ:TSLA) earnings call earlier this week, Elon Musk predicted global demand for self-driving cars would reach 2.5B. Execs with General Motors (NYSE:GM), BMW (OTCPK:BMWYY), and Toyota (NYSE:TM) also talked autonomous models in their CCs.
- If Jonas and Musk are anywhere close to correct, the list of companies that could benefit from the autonomous push includes Buffalo Wild Wings (NASDAQ:BWLD), Dine Equity (NYSE:DIN), Anheuser-Busch InBev (NYSE:BUD), Molson Coors (NYSE:TAP), Boston Beer (NYSE:SAM), Brinker International (NYSE:EAT), Bloomin' Brands (NASDAQ:BLMN), Ignite Restaurant Group (NASDAQ:IRG), Kona Grille (NASDAQ:KONA), Diageo (NYSE:DEO), Constellations Brands (NYSE:STZ), and Craft Brew Alliance (NASDAQ:BREW).
- Related ETF: BITE.
Tue, Aug. 2, 6:50 AM