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Molson Coors Is A Value Play You'll Want To TAP, Here's Why

Summary

  • Molson Coors is a company in turnaround mode, as it transforms itself from a global beer company into a beverage company.
  • Management has made meaningful progress towards debt reduction in recent years, and I see a path for dividend increases down the line.
  • Meanwhile, the stock trades rather cheaply compared to its historical valuation and that of its peers.
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Group of friends toasting beer glasses at table in bar

The Good Brigade/DigitalVision via Getty Images

Molson Coors (NYSE:TAP) has seen its share of ups and downs in recent years, and the past 12 months have been no different. At present, TAP is trading well below its 52-week high of $61.48, and the

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This article was written by

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Build sustainable portfolio income with premium dividend yields up to 10%.

I'm a U.S. based financial writer with an MBA in Finance. I have over 14 years of investment experience, and generally focus on stocks that are more defensive in nature, with a medium to long-term horizon. My goal is to share useful and insightful knowledge and analysis with readers.  Contributing author for Hoya Capital Income Builder. 

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TAP over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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