Last $51.56 USD
Change Today +0.28 / 0.55%
Volume 902.9K
TAP On Other Exchanges
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As of 8:04 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

molson coors brewing co -b (TAP) Snapshot

Open
$51.23
Previous Close
$51.28
Day High
$51.84
Day Low
$51.02
52 Week High
05/17/13 - $53.35
52 Week Low
06/1/12 - $37.96
Market Cap
9.3B
Average Volume 10 Days
1.4M
EPS TTM
$3.20
Shares Outstanding
158.0M
EX-Date
05/29/13
P/E TM
16.1x
Dividend
$1.28
Dividend Yield
2.48%
Current Stock Chart for MOLSON COORS BREWING CO -B (TAP)

molson coors brewing co -b (TAP) Latest News

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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, Coors Light Iced T, Molson Dry, Molson M, Rickard's Red, Rickard's Blonde and other Rickard's brands, Carling, Carling Black Label, Pilsner, Keystone, Creemore Springs, Granville Island brands, Caffrey's, and Cobra brands. The company also brews or distributes licensed products under the Heineken, Amstel Light, Murphy's, Asahi, Asahi Select, Miller Lite, Miller Genuine Draft, Miller Chill, Milwaukee's Best, and Milwaukee's Best Dry brands. In addition, it distributes the Corona, Coronita, Negra Modelo, and Pacifico brands, through a joint venture agreement with Grupo Modelo S.A.B. de C.V., 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, George Killian's Irish Red, Leinenkugel's, Peroni Nastro Azzurro, Pilsner Urquell, Grolsch, Batch 19, Coors Non-Alcoholic, and Sharp's. Additionally, it sells various brands in the United Kingdom and Ireland that include Carling, Carling Zest, Coors Light, Worthington's, White Shield, Red Shield, Caffrey's, Sharp's Doom Bar, and Blue Moon; and various regional ale brands, as well as factored brands. The company also sells brands through a joint venture with Royal Grolsch N.V. and a joint venture called Cobra Beer Partnership Ltd. In addition, it sells Zima, Iceberg, 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 as a result of its merger with Molson Inc. Molson Coors Brewing Company was founded in 1873 and is headquartered in Denver, Colorado.

18,700 Employees
Last Reported Date: 02/22/13
Founded in 1873

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

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Global Chief Financial Officer and Chief Acco...
Total Annual Compensation: $253.9K
Chief Executive Officer of Molson Coors Canad...
Total Annual Compensation: $559.7K
Chief Executive Officer of Molson Coors Europ...
Total Annual Compensation: $542.0K
Chief People & Legal Officer and Secretary
Total Annual Compensation: $617.6K
Compensation as of Fiscal Year 2012.

molson coors brewing co -b (TAP) Key Developments

Molson Coors Brewing Company Declares Regular Quarterly Dividend on Class A and Class B Common Shares, Payable June 17, 2013

Molson Coors Brewing Company declared a regular quarterly dividend on its Class A and Class B common shares of USD 0.32 per share, payable June 17, 2013, to shareholders of record on May 31, 2013.

Molson Coors Brewing Company Announces Executive Changes

Molson Coors Brewing Company announced that on May 14, 2013, Zahir Ibrahim, Vice President, controller and Chief Accounting Officer resigned. The company's Chief Financial Officer, Gavin Hattersley, will serve as the company's Chief Accounting Officer effective immediately.

Molson Coors Brewing Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2013; Provides Earnings Guidance for 2013

Molson Coors Brewing Company announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, Net Sales were $828.5 million, income from continuing operations before income taxes was $41.4 million, income from continuing operations was $37.9 million or $0.20 per basic and diluted share and net income attributable to MCBC was $35.6 million or $0.20 per basic and diluted share against net sales of $691.4 million, income from continuing operations before income taxes of $96.6 million, income from continuing operations of $79.3 million or $0.44 per basic and diluted share and net income attributable to MCBC of $79.5 million or $0.44 per diluted share for the same period a year ago. Net cash provided by operating activities was $118.4 million and additions to properties were $68.3 million against net cash provided by operating activities of $50.4 million and additions to properties of $33.8 million a year ago. Net debt as of March 30, 2013 was $4.14 billion. Non-GAAP Underlying after-tax income was $54.6 million, down 36.0% or $0.30 per diluted share, driven by the addition of Central Europe-related debt service costs and operating results this year, in a seasonally low profit quarter. Operating income was $112.0 million against $121.8 million a year ago. Non-GAAP Underlying pretax income was $63.3 million against $103.0 million a year ago. For the full year, forward guidance is unchanged from last quarter, underlying free cash flow of $700 million, plus or minus 10%; defined-benefit pension expense and contributions, which are expected to be approximately $50 million of expense and $150 million of cash contributions, including 42% of MillerCoors capital spending of about $330 million for the year. Consolidated net interest expense of approximately $170 million; underlying effective tax rate changes of 16% to 20% for this full year and 20% to 24% and on a longer term basis.

 

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