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Molson Coors Brewing Company (TAP)

  • Wed, Apr. 1, 1:37 PM
    • Molson Coors (NYSE:TAP) acquires Mount Shivalik Breweries for an undisclosed amount.
    • The brewery buy will give the company a greater presence in India and increase its capacity in the region by 600K hectolitres.
    • Molson Coors press release
    | 1 Comment
  • Mon, Mar. 16, 1:40 PM
    • Craft brewers in the U.S. realized volume growth of 18% in 2014, according to data released by the Brewer's Association.
    • Retail dollar value of craft beer sales rose 22% to $19.6B to carve out overall beer market share of 19.3% for the category.
    • The number of operating breweries in the U.S. rose 19% to 3,464 last year.
    • M&A has picked up in the sector to help Big Beer grab some of the craft growth, although the "think local" mindset of younger beer drinkers has made national roll-outs of craft brands tricky.
    | 1 Comment
  • Thu, Feb. 26, 10:27 AM
    | 1 Comment
  • Sat, Feb. 14, 10:13 AM
    • Craft soda is starting to become a trend to watch closely, according to industry insiders.
    • Though still accounting for only ~1% of the total U.S. soda market, major retail chains have increasingly been willing to bet on local craft brands in store aisles.
    • The craft craze is old news for the beer industry where coming-of-age millennials buy craft/local beers at a 50% higher rate than brand-loyal older generations. Fading stars such as Budweiser and Bud Light are testament to the impact of the millennial paradigm.
    • The craft influence in coffee hasn't been lost on Starbucks which has strategically deployed trucks on college campuses in an effort to win over students.
    • Despite the progressive reputation of Starbucks, analysts think new upstarts such as Craft (subscription) and Cups (app) have a shot of gaining influence with the Indie-minded millennial crowd on "customization" and pricing.
    • What to watch: An increase in M&A activity in the beverage sector is expected as major companies strategically pick off more local craft brands to incubate.
    • Craft coffee watch: GMCR, SBUX, JVA, SJM, KRFT, DNKN, QSR, MCD.
    • Craft soda watch: PEP, KO, MNST, COT, DPS, OTCQB:JSDA, REED, SODA,  FIZZ.
  • Tue, Feb. 10, 10:37 AM
    • Molson Coors (TAP +0.9%) missed Q4 earnings estimates after a strong dollar and high tax rates pinched profit.
    • Global beer volume was down 0.3% during the period, although Coors Light volume rose 2% globally.
    • The company announced a new $1B share buyback program.
    • Earlier on Molson's JV: Profit falls at MillerCoors in Q4
    | Comment!
  • Tue, Feb. 10, 7:46 AM
    • Molson Coors Brewing (NYSE:TAP) declares $0.41/share quarterly dividend, 10.8% increase from prior dividend of $0.37.
    • Forward yield 2.15%
    • Payable March 16; for shareholders of record Feb. 27; ex-div Feb. 25.
    | Comment!
  • Tue, Feb. 10, 7:42 AM
    • Molson Coors Brewing (NYSE:TAP): Q4 EPS of $0.55 misses by $0.14.
    • Revenue of $973.8M (-5.5% Y/Y) beats by $4.17M.
    • Shares -3.4% PM.
    • Press Release
    | Comment!
  • Tue, Feb. 10, 7:35 AM
    • MillerCoors (OTCPK:SBMRY, TAP) reports domestic revenue per barrel increased 2.0% in Q4.
    • Domestic sales-to-retail volume declined 1.7% during the quarter, while domestic sales-to-wholesale volume was up 3.7%.
    • Brand report: Miller Lite volume grew in the low single digits. Coors Light volume declined in the low single digits. Redds was the fastest-growing malt beverage in its category.
    • Marketing, general and administrative costs were up 1.8% in Q4.
    | Comment!
  • Tue, Feb. 10, 6:52 AM
    • MillerCoors (TAP, OTCPK:SBMRY) announces the retirement of CEO Tom Long.
    • The exec plans to step down on June 30.
    • A board search for a replacement has commenced.
    | Comment!
  • Mon, Feb. 9, 5:30 PM
  • Wed, Feb. 4, 2:06 PM
    • Mike's Hard Lemonade is exploring a sale, according to a report from Reuters.
    • A valuation of over $1B is anticipated.
    • The brand competes against Anheuser-Busch InBev (NYSE:BUD) and MillerCoors (TAP, OTCPK:SBMRY) in the U.S.
    | 1 Comment
  • Wed, Feb. 4, 10:25 AM
    • Anheuser-Busch InBev (NYSE:BUD) has been under attack this week in the beer industry after airing a Super Bowl commercial poking fun at the craft brew craze.
    • Though the attacks from craft brewers were to be expected, MillerCoors (OTCPK:SBMRY, TAP) is also trying to get on the right side of the debate with new advertising saying beers should be "fussed over" - contrary to the A-B spot.
    • The co-founder of Elysian Brewing, which was purchased recently by A-B, didn't hold his tongue - calling the beer giant "tone-deaf" with its new angle.
    • The marketing team at Anheuser-Busch says it's attempting to define "macro" beer in a positive light.
    • In case you missed it, here's the SB commercial that has the beer industry all worked up.
    • Related stocks: TAP, BREW, OTCQX:HEINY, SAM.
    | 1 Comment
  • Thu, Jan. 8, 10:01 AM
    • Beer stocks are getting some early run after Constellation Brands (STZ +4.8%) reports strong volume numbers for Q4.
    • The company sells Corona Extra, Corona Light, Modelo Especial, Negra Modelo, and Pacifico in the U.S.
    • Channel checks in the industry have tipped off an improvement in demand for the U.S. late in Q4.
    • Gainers: Anheuser-Busch InBev (NYSE:BUD) +2.5%, Molson Coors (NYSE:TAP) +2.4%, SABMiller (OTCPK:SBMRY) +2.5%, Boston Beer (NYSE:SM) +1.0%.
    • Related: Retail picks tied to lower gas prices.
    | 1 Comment
  • Tue, Jan. 6, 4:16 PM
    • projects gas prices will average $2.64 per gallon in 2015.
    • Most economists see a boost in U.S. retail spending from the gas savings with the exception of regions highly dependent upon the energy industry.
    • While some Q4 reports from restaurant chains and retailers may show a marginal lift in sales due to the drop in gas prices, insiders think quantifying the impact will be more art than science.
    • The following sub-sectors have been tapped by analysts as potential under-the-radar beneficiaries of the gas price effect.
    • Theme parks: SIX, FUN, DIS, CMCSA, PLAY.
    • Beverages: KO, PEP, COT, DPS, BUD, SAM, BREW, TAP, MNST.
  • Dec. 16, 2014, 10:30 AM
    • Retailers and restaurateurs are optimistic that holiday spending on adult beverages will pick up this holiday season due to the improved economic backdrop, according to research firm Technomic.
    • Though consumers are likely to stick with many of their built-up cost assessment habits, strong brands could see a sales boost on some splurging.
    | Comment!
  • Dec. 11, 2014, 8:08 AM
    • Morgan Stanley thinks beer producers could see increased demand in the U.S. due to improved consumer spending trends.
    • Lower gas prices and rising employment provide the right backdrop for an increase in beer purchasing, according to MS.
    • On the global front, Euromonitor forecasts global beer sales will rise 2.6% to $740B by 2018 - compared to the sluggish 1.3% average growth pace seen in the industry since 2004.
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Company Description
Molson Coors Brewing Co is a brewer with a portfolio of owned & partner brands, including core brands Carling, Coors Light, Molson Canadian & Staropramen, as well as craft & specialty beers such as Blue Moon, Creemore Springs, Cobra & Sharp's Doom Bar.