Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Molson Coors Brewing    TAP

MOLSON COORS BREWING

(TAP)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Molson Coors Brewing Company (TAP)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/20/2019 | 07:44pm EDT

Law Offices of Howard G. Smith reminds investors of the April 16, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Molson Coors Brewing Company (“Molson Coors” or the “Company”) (NYSE: TAP) securities between February 14, 2017 and February 11, 2019, inclusive (the “Class Period”). Molson Coors investors have until April 16, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Molson Coors investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On February 12, 2019, Molson Coors announced that it would restate its financial statements for fiscal years 2016 and 2017 after the audit committee found errors in Molson Coors’ financial reporting. On this news, Molson Coors’ share price fell $6.17, or more than 9.4%, to close at $59.19 per share on February 12, 2019, thereby injuring investors.

The complaint filed in this class action alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Molson Coors failed to properly reconcile the outside basis deferred income tax liability for Molson Coors’ investment in its MillerCoors, LLC partnership; (2) consequently, Molson Coors misreported net income in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an overall downward revision to net income; (3) Molson Coors lacked adequate internal controls over financial reporting; and (4) as a result, defendants’ statements about Molson Coors’ business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased shares of Molson Coors during the Class Period you may move the Court no later than April 16, 2019 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLSON COORS BREWING
08/22CHOICE HOTELS INTERNATIONAL : Cambria Adds Third Wisconsin Hotel With Milwaukee ..
AQ
08/15SHAREHOLDER ALERT : Robbins Arroyo LLP Announces Complaint Filed Against Molson ..
BU
07/31Apple, Amgen rise; Molson Coors, Dine Brands fall
AQ
07/31Consumer Cos Down on Fed View -- Consumer Roundup
DJ
07/31NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/31MOLSON COORS BREWING : CEO to step down as profits continue to sag in flat beer ..
AQ
07/31MOLSON COORS BREWING : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITI..
AQ
07/31MOLSON COORS BREWING CO : Change in Directors or Principal Officers, Financial S..
AQ
07/31MOLSON COORS : CEO Mark Hunter Announces Retirement as of September 27, 2019; Bo..
BU
07/31MOLSON COORS : 2Q Earnings Snapshot
AQ
More news
Financials (USD)
Sales 2019 10 607 M
EBIT 2019 1 455 M
Net income 2019 959 M
Debt 2019 8 658 M
Yield 2019 3,92%
P/E ratio 2019 11,3x
P/E ratio 2020 11,2x
EV / Sales2019 1,84x
EV / Sales2020 1,78x
Capitalization 10 877 M
Chart MOLSON COORS BREWING
Duration : Period :
Molson Coors Brewing Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MOLSON COORS BREWING
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 58,05  $
Last Close Price 50,07  $
Spread / Highest target 45,8%
Spread / Average Target 15,9%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Mark R. Hunter President, Chief Executive Officer & Director
Peter H. Coors Chairman
Tracey I. Joubert Chief Financial Officer
Andrew Thomas Molson Director
H. Sanford Riley Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MOLSON COORS BREWING-10.84%10 877
ANHEUSER-BUSCH INBEV48.28%186 749
AMBEV SA20.09%70 630
HEINEKEN22.44%60 035
CARLSBERG A/S44.33%22 249
ASAHI GROUP HOLDINGS LTD18.69%21 626