Last $73.13 USD
Change Today -0.82 / -1.11%
Volume 474.1K
TAP On Other Exchanges
Symbol
Exchange
New York
New York
Frankfurt
As of 1:50 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

molson coors brewing co -b (TAP) Snapshot

Open
$74.17
Previous Close
$73.95
Day High
$74.17
Day Low
$72.94
52 Week High
08/19/14 - $75.61
52 Week Low
09/4/13 - $48.25
Market Cap
13.5B
Average Volume 10 Days
809.8K
EPS TTM
$3.73
Shares Outstanding
160.8M
EX-Date
08/27/14
P/E TM
19.6x
Dividend
$1.48
Dividend Yield
1.95%
Current Stock Chart for MOLSON COORS BREWING CO -B (TAP)

molson coors brewing co -b (TAP) Details

Molson Coors Brewing Company manufactures and sells beer and other beverage products. The company sells its products in Canada under the Coors Light, Molson Canadian, Molson Export, Molson Canadian 67, Molson Dry, Molson Canadian Cider, the Rickard's family, Carling, Carling Black Label, Pilsner, Keystone Light, Creemore Springs, the Granville Island, and Coors Banquet brands. It also brews or distributes licensed products under the Heineken, Amstel Light, Murphy's, Newcastle Brown Ale, Strongbow cider, Miller Lite, Miller Genuine Draft, Miller Chill, Milwaukee's Best, and Milwaukee's Best Dry brands. In addition, the company distributes the Corona, Coronita, Negra Modelo, and Pacifico brands, as well as Singha brand. Further, the company sells various brands in the United States and Puerto Rico comprising Coors Light, Miller Lite, Miller High Life, Keystone Light, Blue Moon, Leinenkugel's, Coors Banquet, Miller Genuine Draft, Icehouse, Mickey's, Milwaukee's Best, Hamm's, Old English 800, Blue Moon, Henry Weinhard's, Molson and Foster's, George Killian's Irish Red, Redd's, Peroni Nastro Azzurro, Pilsner Urquell, Grolsch, Batch 19, Worthington's, St. Stefanus, Third Shift, cider, Coors Non-Alcoholic, and Sharp's. Additionally, it sells various brands in Europe that include Carling, Ozujsko, Jelen, Staropramen, Coors Light, Kamenitza, Niksicko, Bergenbier, Branik, Worthington's, Sharp's Doom Bar, Borsodi, Ostravar, Noroc, Astika, Apatinsko, and Blue Moon; and various regional ale brands, as well as factored brands. The company also sells brands through a joint venture, Cobra Beer Partnership Ltd. In addition, it sells Zima, Iceberg 9000, King Cobra, Coors Coors Gold, and Coors Extra brands. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005. Molson Coors Brewing Company was founded in 1786 and is headquartered in Denver, Colorado.

17,650 Employees
Last Reported Date: 02/14/14
Founded in 1786

molson coors brewing co -b (TAP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Global Chief Financial Officer
Total Annual Compensation: $556.4K
Chief Executive Officer of Molson Coors Europ...
Total Annual Compensation: $606.6K
Chief Executive Officer of Molson Coors Canad...
Total Annual Compensation: $559.7K
Chief People & Legal Officer and Corporate Se...
Total Annual Compensation: $617.6K
Compensation as of Fiscal Year 2013.

molson coors brewing co -b (TAP) Key Developments

Molson Coors Brewing Company Announces Management Changes

Molson Coors Brewing Company announced that Simon Cox, 46, Managing Director of Molson Coors - UK and Ireland, will take over as CEO Europe succeeding Mark Hunter, who will take the top job at Molson Coors Brewing company when current President and CEO Peter Swinburn retires at the end of the year. The position reports directly to the CEO of the global business and serves on the company's Executive Leadership Team. Cox, a Master Brewer by training, is currently Managing Director of the UK and Ireland for Molson Coors. He has held a number of senior leadership positions with Carlsberg and Molson Coors since he joined the industry in 1989. Simon Cox's position as CEO Molson Coors Europe is effective from January 1, 2015.

Molson Coors and Heineken Expand Marketing Partnership in Canada

Molson Coors Brewing Company and Heineken N.V., announced that they have expanded their marketing partnership in Canada, whereby Molson Coors Canada will assume responsibility for distributing five additional Heineken brands in Canada. The new, multi-year agreement further strengthens the existing Molson Coors and Heineken relationship, which has developed over the past two decades. In addition to Heineken, Murphy's, Newcastle and Strongbow, Molson Coors Canada will assume the rights to market and sell Dos Equis, Sol, Tecate, Birra Moretti and Desperados. Beginning on January 1, 2015, Molson Coors Canada will have the rights to market and distribute these brands on behalf of Heineken. As part of the new agreement, Molson Coors has also agreed to extend the existing partnership with Heineken to distribute Coors Light in Ireland.

Molson Coors Brewing Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Free Cash Flow Guidance for Fiscal 2014

Molson Coors Brewing Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,188.5 million against $1,178.0 million, operating income of $364.8 million against $345.7 million, income from continuing operations before income taxes of investees was $329.3 million against $297.2 million, income from continuing operations of $292.9 million or $1.56 per diluted share against $267.2 million or $1.44 per diluted share, net income attributable to company of $290.9 million or $1.56 per diluted share against $267.3 million or $1.45 per diluted share a year ago. Molson Coors' second quarter underlying after-tax earnings increased 7.9% to $292.7 million or $1.57 per share, driven by improved financial results in the U.S. and Europe, along with lower interest expenses. Underlying earnings per share increased nearly 7%, and U.S. GAAP after-tax earnings increased 9.5% versus a year ago. For the six months, the company reported net sales of $2,004.5 million against $2,006.5 million, operating income of $569.0 million against $449.1 million, income from continuing operations before income taxes of investees was $498.9 million against $330.0 million, income from continuing operations of $457.7 million or $2.46 per diluted share against $298.0 million or $1.61 per diluted share, net income attributable to company of $454.3 million or $2.45 per diluted share against $295.8 million or $1.61 per diluted share, net cash provided by operating activities of $576.0 million against $591.0 million and additions to properties of $126.4 million against $149.7 million a year ago. Total debt at the end of the second quarter was $3.66 billion, and cash and cash equivalents totaled $506 million, resulting in net debt of $3.15 billion, which is $301 million lower than at the beginning of the second quarter and $612 million lower than a year ago. In 2014 guidance, the company is raising full year guidance for underlying free cash flow and lowering guidance for capital spending and consolidated interest expense. It is increasing 2014 underlying free cash flow target to $775 million plus or minus 10%, up from $700 million, largely due to lower expected cash taxes, capital spending and cash interest. The company is reducing capital spending guidance to approximately $315 million, which is $15 million lower than the previous outlook. This is the result of continued focus on the effective use of cash, including ingraining the pack model in all meaningful capital allocation decisions. Anticipates 2014 underlying effective tax rate to be in the range of 12% to 16% and near the low end of the long-term range of 20% to 24% in 2015, assuming no further changes in tax loss, settlements of tax audits or adjustments to uncertain tax positions.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TAP:US $73.11 USD -0.83

TAP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Beijing Yanjing Brewery Co Ltd CNY6.63 CNY +0.08
Brown-Forman Corp $92.06 USD -0.60
Davide Campari-Milano SpA €5.92 EUR +0.065
Sapporo Holdings Ltd ¥450.00 JPY +5.00
Tsingtao Brewery Co Ltd CNY40.02 CNY +0.22
View Industry Companies
 

Industry Analysis

TAP

Industry Average

Valuation TAP Industry Range
Price/Earnings 18.9x
Price/Sales 3.3x
Price/Book 1.5x
Price/Cash Flow 15.4x
TEV/Sales 1.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MOLSON COORS BREWING CO -B, please visit www.molsoncoors.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.