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TAP $67.25

TAP target price
67.25
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63
Molson Coors Brewing Company
Type
Public
Traded as NYSE: TAP TAP.A
TSX: TPX.A, TPX.B
S&P 500 Component
Industry Beverages
Founded Molson (1786), Coors (1873), merged (2005)
Headquarters Denver, Colorado, U.S.
Key people
Geoff Molson, (Chairman)
Mark Hunter, (President and CEO)
Products Beers, lagers, malt beverages, energy drinks, spirits and wines
Revenue DecreaseUS$4.8 billion (2016)
Operating income
DecreaseUS$521.8 million (2015)
Net income
DecreaseUS$359.5 million (2015)
Total assets DecreaseUS$12.2 billion (2015)
Total equity DecreaseUS$7.0 billion (2015)
Number of employees
9,100 (2015)
Subsidiaries Molson Brewery
Molson Coors Brewing Co. (UK), Ltd.
MillerCoors
The Beer Store (49%)
Website MolsonCoors.com

The Molson Coors Brewing Company is a multinational brewing company, formed in 2005 by the merger of Molson of Canada, and Coors of the United States. It is the world's seventh largest brewer by volume.

While the company is incorporated in the United States, it is traded on stock exchanges in both the United States and Canada, and control is equally shared between the Molson and Coors families. The company is headquartered at the 54-story 1,372,179-square-foot (127,479.6 m) 1801 California Street (CenturyLink Tower) in Denver, Colorado, with 67,000-square-foot (6,200 m) office areas, which are located on the 45th, 46th and part of the 47th floors in the tower.

Molson Coors expanded significantly after the merger of Anheuser-Busch InBev and SABMiller in October 2016. This was achieved because during the plans for the merger, SABMiller had agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors.

On 9 October 2007, SABMiller and Molson Coors Brewing Company announced a joint venture to be known as MillerCoors for their U.S. operations that will market all of their products. MillerCoors is headquartered in Chicago, Illinois.

On 2 February 2011, the company purchased Sharp's Brewery of Cornwall in England for around £20 million.

On 26 May 2011, seventh-generation family member Andrew Molson succeeded Pete Coors as acting Chairman of the company.

In early 2012 the company expanded into the Central and Eastern Europe markets by acquiring the region's market-leading brewery StarBev from CVC Capital Partners.

In September 2014, it was revealed in the media that the firm was in talks to acquire Heineken’s operations in the Czech Republic.

During the merger discussions between Anheuser-Busch InBev and SABMiller in 2015, the U.S. Department of Justice (DOJ) had agreed to proposed deal only on the basis that SABMiller "spins off all its MillerCoors holdings in the U.S. — which include both Miller- and Coors-held brands — along with its Miller brands outside the U.S." The entire ownership situation was complicated: "In the United States, Coors is majority owned by MillerCoors (a subsidiary of SABMiller) and minority owned by Molson Coors, though internationally it’s entirely owned by Molson Coors, and Miller is owned by SABMiller."

SABMiller agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors. The merger between the two companies closed on October 10, 2016. The spinoff deal was completed on October 11, 2016) As per the agreement with the regulators, SABMiller sold to Molson Coors full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico for US$12 billion. Molson Coors also retained "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." The agreement made Molson Coors the world's third largest brewer.

In Canada, Molson Coors regained the right to make and market Miller Genuine Draft and Miller Lite.

After SABMiller divested itself of all interests in MillerCoors, then Molson Coors became the largest brewer in the U.S.

Molson Coors has a number of divisions and subdivisions.

The Molson Coors Canada division entered the craft beer market with the acquisitions of Creemore Springs Brewery and Granville Island Brewing, to create the Six Pints Specialty Beer Company, a subdivision that first was an umbrella for those brands and aiming to include other Molson-owned and affiliated brands.

Since October 11, 2016, MillerCoors has been the US business division of Molson Coors.

As of January 2017, the management consisted of the following:

The Molson Coors Brewing Company conducted a comprehensive, and voluntary investigation of its pollution and environmental emissions. Coors was not violating the Clean Air Act but was encouraged by the Environmental Audit Privilege and Voluntary Disclosure Act which immunizes and credits organizations for conducting environmental self-audits, which can grant immunity from environmental regulation fines.

The United States government had thought that Coors was a minor violator of emissions such as volatile organic compounds (VOCs), but the investigating showed otherwise, revealing that Coors was 17 times over the estimated value of emissions. Molson Coors then provided the audit results to the Colorado Department of Health which culminated in a $1.05 million fine for the 189 violations of state pollution laws.

Although Molson Coors said they did not know about volatile organic compounds they were emitting, they do claim to be environmentally aware. Coors invented a new printing technology technique which uses ultra-violet light to cure the print, a technique which the company claims is more environmentally sound than the traditional gas firing technique.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-08-02 1.19 1.19
Q1 2022 2022-05-03 0.29 0.29
Q4 2021 2022-02-23 0.81 0.81
Q3 2021 2021-10-28 1.75 1.75
Q2 2021 2021-07-29 1.58 1.58
Q1 2021 2021-04-29 0.01 0.01
Q4 2020 2021-02-11 0.40 0.40
Q3 2020 2020-10-29 1.62 1.62
Q2 2020 2020-07-30 1.55 1.55

Ratings

2016-07-08 Upgrade Bryan, Garnier & Co Buy
2016-07-06 Reiterated Rating Stifel Nicolaus Top Pick
2016-06-12 Reiterated Rating Stifel Nicolaus Buy $119.00 to $134.00
2016-06-07 Reiterated Rating Susquehanna Buy $130.00
2016-05-04 Boost Price Target Stifel Nicolaus Buy $115.00 to $119.00
2016-05-03 Reiterated Rating Susquehanna Buy $126.00
2016-04-08 Initiated Coverage Citigroup Inc. Neutral $97.00
2016-03-16 Boost Price Target Susquehanna Positive $121.00 to $126.00
2016-03-02 Reiterated Rating Susquehanna Buy $121.00
2016-02-12 Reiterated Rating Nomura Hold $95.00
2016-02-12 Reiterated Rating Nomura Holdings Inc. Hold $95.00
2016-02-11 Reiterated Rating Susquehanna Buy $125.00
2016-01-27 Reiterated Rating Cowen and Company Buy
2016-01-27 Boost Price Target Susquehanna $113.00 to $125.00
2016-01-24 Reiterated Rating Susquehanna Buy $111.00
2016-01-13 Reiterated Rating Susquehanna Buy
2016-01-04 Reiterated Rating Susquehanna Buy
2015-12-14 Reiterated Rating Susquehanna Buy
2015-12-01 Reiterated Rating Susquehanna Positive $109.00
2015-11-30 Boost Price Target Nomura Neutral $85.00 to $100.00
2015-11-17 Initiated Coverage Bryan Garnier & Cie Buy $101.00
2015-11-17 Initiated Coverage Bryan, Garnier & Co Buy $101.00
2015-11-16 Boost Price Target Cowen and Company Outperform $95.00 to $106.00
2015-11-12 Lower Price Target Societe Generale Buy $120.00 to $106.00
2015-11-11 Reiterated Rating Susquehanna Buy $109.00
2015-11-05 Reiterated Rating Susquehanna Buy $109.00
2015-10-29 Reiterated Rating Susquehanna Positive $90.00 to $109.00
2015-10-15 Boost Price Target Nomura Neutral $85.00
2015-09-21 Upgrade Societe Generale Hold to Buy
2015-09-16 Reiterated Rating Cowen and Company Buy $82.00 to $95.00
2015-08-10 Reiterated Rating JPMorgan Chase & Co. Hold $84.00
2015-08-07 Lower Price Target Nomura Neutral $74.00 to $71.00
2015-06-23 Downgrade Nomura Buy to Neutral $82.00 to $74.00
2015-06-16 Boost Price Target Susquehanna Buy $90.00 to $91.00
2015-05-28 Upgrade Morgan Stanley Equal Weight to Overweight $81.00 to $83.00
2015-05-23 Reiterated Rating Susquehanna Positive $97.00 to $90.00
2015-05-12 Lower Price Target Susquehanna Positive $97.00 to $90.00
2015-04-13 Initiated Coverage Susquehanna Positive $97.00
2015-02-11 Reiterated Rating BTIG Research Hold
2015-01-15 Downgrade Goldman Sachs Buy to Neutral $81.00
2015-01-15 Downgrade Goldman Sachs Group Inc. Buy to Neutral $81.00
2015-01-08 Upgrade Nomura Neutral to Buy $70.00 to $85.00
2014-11-07 Reiterated Rating JPMorgan Chase & Co. Neutral $76.00 to $82.00
2014-09-15 Initiated Coverage Cowen and Company Outperform $89.00
2014-09-15 Boost Price Target Stifel Nicolaus $90.00 to $94.00
2014-09-09 Downgrade BTIG Research Buy to Neutral
2014-08-14 Initiated Coverage Credit Suisse Outperform
2014-08-14 Initiated Coverage Credit Suisse Group AG Outperform
2014-08-07 Boost Price Target JPMorgan Chase & Co. Neutral $65.00 to $76.00
2014-08-07 Boost Price Target Stifel Nicolaus Buy $87.00 to $90.00
2014-07-21 Boost Price Target Nomura Neutral $62.00 to $65.00
2014-06-26 Boost Price Target Stifel Nicolaus Buy $76.00 to $87.00
2014-06-20 Upgrade Morgan Stanley Underweight to Equal Weight
2014-06-11 Boost Price Target Goldman Sachs $79.00
2014-06-11 Upgrade Bank of America Underperform to Buy $55.00 to $80.00
2014-05-16 Upgrade Evercore ISI Neutral to Buy $60.00 to $75.00
2014-05-14 Boost Price Target Morgan Stanley $54.00 to $58.00
2014-05-09 Boost Price Target Societe Generale $57.00 to $65.00
2014-05-09 Boost Price Target JPMorgan Chase & Co. $60.00 to $65.00
2014-05-08 Reiterated Rating Stifel Nicolaus Buy $72.00 to $76.00
2014-05-08 Boost Price Target Nomura $60.00 to $62.00
2014-04-10 Downgrade Nomura Buy to Neutral $60.00
2014-02-24 Upgrade Societe Generale Sell to Hold $50.00 to $57.00
2014-01-31 Initiated Coverage Societe Generale Sell
2014-01-30 Initiated Coverage Societe Generale Sell
2014-01-29 Initiated Coverage BTIG Research Buy
2013-12-17 Boost Price Target Nomura $59.00 to $61.00
2013-11-07 Boost Price Target Nomura Buy $58.00 to $59.00
2013-11-07 Boost Price Target JPMorgan Chase & Co. Neutral $55.00 to $60.00
2011-06-13 Downgrade Stifel Nicolaus Buy to Hold
2010-10-08 Reiterated UBS Buy $50 to $54
2010-03-25 Upgrade Argus Hold to Buy $52
2010-02-05 Initiated Barclays Capital Overweight $50
2009-06-03 Reiterated Stifel Nicolaus Buy $48 to $54
2009-02-11 Upgrade JP Morgan Neutral to Overweight
2009-02-11 Reiterated Stifel Nicolaus Buy $50 to $46
2009-02-11 Reiterated Deutsche Securities Buy $52 to $50
2016-07-08 Upgrade Bryan, Garnier & Co Buy
2016-07-06 Reiterated Rating Stifel Nicolaus Top Pick
2016-06-12 Reiterated Rating Stifel Nicolaus Buy $119.00 to $134.00
2016-06-07 Reiterated Rating Susquehanna Buy $130.00
2016-05-04 Boost Price Target Stifel Nicolaus Buy $115.00 to $119.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
COORS PETER H Chairman of the Board 13.12%  (335400) TAP /
SWINBURN PETER S President & CEO 8.46%  (216189) CAB / EXPR / TAP /
Hunter Mark CEO, Molson Coors Europe 4.80%  (122744) TAP /
Glendinning Stewart Pres, Molson Coors Canada 4.47%  (114253) TAP /
Hattersley Gavin Chief Financial Officer 3.78%  (96717) TAP /
HOBBS FRANKLIN W IV 2.26%  (57697) ALLY / TAP /
WALKER SAMUEL D GloblChiefLegal/PeopleOfficr 1.97%  (50289) TAP /
Anand Krishnan Pres&CEO Molson Coors Int\'l 1.85%  (47351) PLKI / TAP /
Riley H Sanford 1.28%  (32818) TAP /
HERINGTON CHARLES M 1.15%  (29355) AVP / NIHD / TAP /
White Celso L. Chief Supply Chain Officer 1.12%  (28751) TAP /
Restrepo Mauricio Chief Financial Officer 1.10%  (28162) TAP /
BELLINI FRANCESCO 1.07%  (27446) TAP /
Cox Simon Pres&CEO, Molson Coors Europe 1.07%  (27241) TAP /
Joubert Tracey Chief Financial Officer 1.00%  (25530) CTB / TAP /
Napier Iain J G 0.86%  (22058) TAP /
GOLDNER BRIAN 0.85%  (21697) GPS / HAS / TAP /
Eaton Roger G. 0.78%  (19995) TAP / YUM /
Molson Geoffrey E. 0.70%  (18013) TAP /
VACHON LOUIS 0.67%  (17126) TAP /
Reichert E. Lee Chief Legal & Corp Affairs Off 0.63%  (16169) TAP /
Nettles Michelle Chief People&Diversity Off 0.61%  (15539) TAP /
Heede David A Chief Financial Officer 0.60%  (15245) TAP /
Coors Ficeli Christien 0.57%  (14697) TAP /
Davis Brenda Chief Integration Officer 0.56%  (14328) TAP /
Tough Douglas D. 0.50%  (12866) IFF / TAP /
Landtmeters Frederic Pres&CEO, Molson Coors Canada 0.43%  (10879) TAP /
Molson Andrew Thomas 0.30%  (7637) TAP /
Coors Peter Joseph 0.29%  (7491) TAP /
Yeskov Sergey Pres&CEO, Molson Coors Int\'l 0.23%  (5980) TAP /
Tabolt Brian Controller and Chf Acct Off 0.23%  (5922) TAP /
FergusonMchugh MaryLynn 0.19%  (4829) PG / TAP /
DeVita Betty K 0.15%  (3729) TAP /