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

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Molson Coors Brewing Company To Contact The Firm

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/03/2019 | 04:57pm EDT

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Molson Coors Brewing Company (“Molson Coors” or the “Company”) (NYSE:TAP) of the April 16, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Molson Coors stock or options between February 14, 2017 and February 11, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/TAP. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern District of Illinois on behalf of all those who purchased Molson Coors securities between February 14, 2017 and February 11, 2019 (the “Class Period”). The case, Mathes v. Molson Coors Brewing Company et al., No. 1:19-cv-01162 was filed on February 15, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing 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.

Specifically, on February 12, 2019, before the market opened, Molson Coors announced that its “previously issued consolidated financial statements as of and for the years ended December 31, 2017 and December 31, 2016 should be restated and no longer be relied upon.” That same day, the Company filed restated consolidated financial statements for the fiscal years ended December 31, 2016 and December 31, 2017 in the Company’s annual report for the fiscal year ending December 31, 2018.

On this news, the Company's stock price fell from $65.36 per share on February 11, 2019 to $59.19 per share on February 12, 2019—a $6.17 or 9.44% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Molson Coors’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.


© Business Wire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLSON COORS BREWING
05/14SCOTT+SCOTT ATTORNEYS AT LAW LLP : Investigating Molson Coors Brewing Company's ..
PR
05/02MARKET SNAPSHOT: Stocks Close Lower After Fed Chief Powell Plays Down Chances..
DJ
05/01MOLSON COORS BREWING : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITI..
AQ
05/01MOLSON COORS BREWING : Brewer Molson Coors reports Q1 profit down from year ago ..
AQ
05/01MOLSON COORS : 1Q Earnings Snapshot
AQ
05/01MOLSON COORS BREWING CO : Results of Operations and Financial Condition, Financi..
AQ
05/01MOLSON COORS : Reports 2019 First Quarter Results
BU
04/30MEDIPHARM LABS : Appoints Former Johnson & Johnson Group Product Director as Chi..
AQ
04/17SCOTT+SCOTT ATTORNEYS AT LAW LLP : Investigating Molson Coors Brewing Company fo..
BU
04/10MOLSON COORS : Brewing Company to Webcast 2019 First Quarter Earnings Conference..
BU
More news
Financials ($)
Sales 2019 10 675 M
EBIT 2019 1 546 M
Net income 2019 1 048 M
Debt 2019 8 717 M
Yield 2019 3,49%
P/E ratio 2019 12,22
P/E ratio 2020 12,00
EV / Sales 2019 2,01x
EV / Sales 2020 1,95x
Capitalization 12 734 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
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 68,1 $
Spread / Average Target 16%
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 BREWING4.45%12 734
ANHEUSER-BUSCH INBEV28.77%140 553
AMBEV SA7.22%63 273
HEINEKEN26.14%62 587
ASAHI GROUP HOLDINGS LTD12.48%20 741
CARLSBERG A/S27.26%20 048