Molson Coors Brewing Company (TAP) - NYSE
  • Wed, Apr. 6, 1:29 PM
    • The Brewers Association is done counting all the beer produced by U.S. companies last year to put out its ranking of volume leaders as listed below.
    • Top 10 overall U.S. brewers by volume: 1) Anheuser-Busch (NYSE:BUD) 2) MillerCoors (TAP, OTCPK:SBMRY) 3) Pabst Brewing (private) 4) D. G. Yuengling and Son (private) 5) Boston Beer (NYSE:SAM) 6) North American Breweries (PE-owned) 7) Sierra Nevada Brewing (private)  8) New Belgium Brewing (employee-owned)  9) Craft Brew Alliance (NASDAQ:BREW) 10) Lagunitas Brewing (50% owned by Heinken (OTCQX:HEINY)).
    • Top 10 U.S. craft brewers by volume: 1) D. G. Yuengling and Son 2) Boston Beer 3) Sierra Nevada Brewing 4) New Belgium Brewing 5) Gambrinus 6) Lagunitas Brewing 7) Bell’s Brewery 8) Deschutes Brewery Bend 9) Minhas Craft Brewery 10) Stone Brewing.
    • Despite a wave of M&A, the number of breweries in the U.S. is at a record high.
    | Wed, Apr. 6, 1:29 PM
  • Thu, Feb. 25, 5:34 PM
    • Molson Coors Brewing (NYSE:TAP) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 1.89%
    • Payable March 17; for shareholders of record March 7; ex-div March 3.
    | Thu, Feb. 25, 5:34 PM
  • Thu, Feb. 11, 1:06 PM
    • Molson Coors (TAP -0.3%) was stung by lower volume for MillerCoors brands (Blue Moon, Coors, Foster's, Keystone, Miller) during Q4. The weakness at MillerCoors is also a short-term concern for JV partner SABMiller (OTCPK:SBMRY).
    • Analysis: Susquehanna notes SG&A spending looked high for Molson during the quarter and value brands didn't perform well. The investment firm has a Positive rating on the beer stock with a price target of $125, although it cites downside risk to $65 if the JV buyout fails. TAP trades right around $84 this afternoon.
    • During the earnings conference call, Molson execs gave analysts the silent treatment on acquisition news.
    • Previously: Molson Coors Brewing misses by $0.01, revenue in-line (Feb. 11)
    | Thu, Feb. 11, 1:06 PM
  • Thu, Feb. 11, 6:56 AM
    • Molson Coors Brewing (NYSE:TAP): Q4 EPS of $0.49 misses by $0.01.
    • Revenue of $844.4M (-13.3% Y/Y) in-line.
    • Press Release
    | Thu, Feb. 11, 6:56 AM
  • Wed, Feb. 10, 5:30 PM
    | Wed, Feb. 10, 5:30 PM | 29 Comments
  • Fri, Jan. 29, 1:41 PM
    • Susquehanna notes that a strong U.S. dollar is likely to force 2016 EPS estimates lower on major global food and beverage names.
    • The blended drop vs. the U.S. dollar of the Euro, Canadian Dollar, UK Pound, Mexican Peso, and Brazilian Real is -10%, analyst Pablo Zuniac. Other firms are likely to have factored in a less disruptive F/X market with their 2016 estimates.
    • Companies in harm's way include KO, MDLZ, BUD, TAP, GMCR, WWAV, CCE, KHC, and K.
    • Related ETF: PBJ.
    | Fri, Jan. 29, 1:41 PM
  • Wed, Jan. 27, 8:28 AM
    • Susquehanna issued a breakdown of the Beer Business Daily Summit held yesterday. Some read-throughs from the investment firm are listed below.
    • Analyst Pablo Zuanic says it could be "years" before Boston Beer (NYSE:SAM) is sold and warns investors to take a long-term view of the beer stock.
    • A presentation by MillerCoors (NYSE:TAP) served as a reminder that many of the cost synergies to be realized by Molson Coors (TAP) through its acquisition are likely to be reinvested.
    • Constellations Brands (NYSE:STZ) could see a "Donald Trump" overhang, warns Zuanic.
    • The Anheuser-Busch (NYSE:BUD) presentation tipped a pause for craft brewery acquisitions, while Heineken's (OTCQX:HEINY) talk disappointed.
    | Wed, Jan. 27, 8:28 AM
  • Wed, Jan. 27, 8:11 AM
    • Molson Coors (NYSE:TAP) announces a new public offering of $2.35B worth of Class B shares.
    • The company plans to use the funds from the offering to fund the acquisition of MillerCoors.
    • TAP -1.96% premarket to $86.04.
    | Wed, Jan. 27, 8:11 AM
  • Fri, Jan. 22, 8:22 AM
    • Susquehanna raises its price target on Molson Coors (NYSE:TAP) to $113 from $109 as the firm continues to see strong upside potential for the beer stock. The two-year price target is set at $124.
    • After a deep dive into the impact of Molson's deal to buy all of MillerCoors, analyst Pablo Zuanic sets EPS estimates for Molson at $3.89 for 2017 and $4.58 by 2018.
    • Molson Coors is due to report Q4 earnings on February 11.
    | Fri, Jan. 22, 8:22 AM
  • Dec. 8, 2015, 3:06 AM
    • The proposed $110B MegaBrew deal will get tested before Congress today, with AB InBev (NYSE:BUD) Chief Executive Carlos Brito and Molson Coors (NYSE:TAP) CEO Mark Hunter testifying before the Senate Judiciary Committee.
    • The panel will review how the merger of the world's two biggest beer producers, which could soon hold the No. 1 or No. 2 positions in 24 of the world's 30 largest beer markets, would affect competitors and consumers.
    • As part of the deal, AB InBev plans to sell SABMiller's (OTCPK:SBMRY) 58% stake in MillerCoors to Molson, and is exploring the sale of European brands Grolsch and Peroni.
    | Dec. 8, 2015, 3:06 AM | 3 Comments
  • Dec. 4, 2015, 10:53 AM
    • Beer stocks are out ahead of market averages. Favorable macroeconomics news may be factoring without any major developments on the M&A front. There's also some reports on new growth channels for the industry.
    • Molson Coors (NYSE:TAP) is up 3.2%, while Constellation Brands (NYSE:STZ) and Boston Beer (NYSE:SAM) are 2.8% higher.
    | Dec. 4, 2015, 10:53 AM
  • Nov. 29, 2015, 11:03 AM
    • Anheuser-Busch InBev (NYSE:BUD) is aiming to head off European regulatory concerns over its proposed acquisition of SABMiller (OTCPK:SBMRY) by putting the Peroni and Grolsch labels that it would gain up for sale.
    • No price for the brands has yet been indicated, but according to the Sunday Times, the sale would fetch billions of pounds.
    • Potential buyers include Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Ireland's C&C Group (OTCQX:CCGGY), makers of Bulmers and Magners ciders.
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Nov. 29, 2015, 11:03 AM | 7 Comments
  • Nov. 13, 2015, 2:44 AM
    • Yesterday's MegaBrew deal between AB Inbev and SABMiller is leaving mid-size competitors without a clear way forward.
    • Companies such as Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Carlsberg (OTCPK:CABGY) now find themselves squeezed between a behemoth that will produce almost a third of the world's beer and a growing army of craft brewers.
    • Some experts say they should respond by pursuing takeovers of their own, while others argue that would do little good because the underlying problem is that consumers are increasingly drinking craft beers, not mass market brands.
    | Nov. 13, 2015, 2:44 AM | 3 Comments
  • Nov. 12, 2015, 5:44 PM
    • Molson Coors Brewing (NYSE:TAP) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 1.78%
    • Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 25.
    | Nov. 12, 2015, 5:44 PM
  • Nov. 11, 2015, 11:07 AM
    • There are some gentle gains across the beer sector after Anheuser-Busch InBev (BUD +1.1%) and SABMiller (OTCPK:SBMRY +2.2%) formalize their merger plan.
    • Heineken (OTCQX:HEINY +1.6%), Molson Coors (TAP +0.7%), Ambev (ABEV +0.9%), Carlsberg (OTCPK:CABGY +5.9%), Craft Brew Alliance (BREW +1.8%), and Boston Beer (SAM +0.2%) are showing increases of varying degrees.
    • Most analysts think the beer giants will make the necessary concessions to appease regulators in the U.S. and China. On SA, Chris DeMuth says the deal will extend the reach of the best operators in the business.
    • Molson Coors in particular is widely identified as a winner in the deal through its pickup of a full stake in MillerCoors. Still to play out is what beer company makes a bid for SABMiller's position in CR Snow in China. China Resources Beer Holdings (OTCPK:CRHKY, OTC:CRHKF) is the 51% owner of the alluring JV.
    • Previously: Molson Coors sees huge synergies down the road from MillerCoors deal (Nov. 11 2015)
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Nov. 11, 2015, 11:07 AM | 2 Comments
  • Nov. 11, 2015, 7:37 AM
    • Molson Coors (NYSE:TAP) expects the full acquisition of the MillerCoors joint venture to be significantly accretive in the first year following closing.
    • The annual cost synergies are expected to run as high as $200M a year by the fourth year of the deal.
    • The addition of MillerCoors will give the brewer annual volume of 106M hectoliters.
    • Shares of Molson Coors are up 20% since MegaBrew started heating up in September.
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Nov. 11, 2015, 7:37 AM
Company Description
Molson Coors Brewing Co. produces and sells beer. It brews, markets and sells a portfolio of brands such as Coors Light, Molson Canadian, Carling, Blue Moon, and Keystone Light across the Americas, Europe and Asia. The company operates through the following segments: Canada, the United States,... More
Industry: Beverages - Brewers
Country: United States