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MOLSON COORS BEVERAGE COMPANY

(TAP)
  Report
Delayed Nyse  -  04:04 2022-12-05 pm EST
54.50 USD   -1.93%
12/01MOLSON COORS BEVERAGE COMPANY : Ex-dividend day for
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Molson Coors Expands Exclusive Agreement with the Coca-Cola Company to Launch Topo Chico Spirited Line of Canned Cocktails

09/29/2022 | 06:30am EST

Molson Coors Beverage Company expanded its exclusive agreement with The Coca-Cola Company to develop and commercialize Topo Chico Spirited, a line of spirit-based, ready-to-drink cocktails inspired by the bright and refreshing taste of some of America's most beloved tequila and vodka-based beverages. The deal marks another milestone in the relationship between Molson Coors and The Coca-Cola Company, following the recent launch of Simply Spiked Lemonade and a successful first year of national distribution for Topo Chico Hard Seltzer, currently the fastest-growing brand in its competitive set over the latest 52-week period. Molson Coors Beverage Company will produce, distribute, and market Topo Chico Spirited as part of an agreement with The Coca-Cola Company.

Topo Chico Spirited will come to select states in 2023, including TX, CO, OK, KS, MO, CA, AZ, NM, NV, WA, FL, AR, MS, TN, GA, LA, IL, WI, OH, MN, MI, VA (Includes DC).


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
MOLSON COORS BEVERAGE COMPANY -1.93% 54.5 Delayed Quote.19.89%
THE COCA-COLA COMPANY -1.37% 63.47 Delayed Quote.8.68%
All news about MOLSON COORS BEVERAGE COMPANY
12/01MOLSON COORS BEVERAGE COMPANY : Ex-dividend day for
FA
11/20Factbox: Mass shootings in the U.S. from Club Q to Pulse nightclub
RE
11/18Health Care Up on Defensive Bias -- Health Care Roundup
DJ
11/18Molson Coors Beverage : and La Colombe Coffee Roasters agree to end distribution agreement
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11/17COOL BIER Conference - Sustainable Coolers of the Future
AQ
11/10Molson Coors Beverage Company Announces Regular Quarterly Dividend
BU
11/10Molson Coors Beverage Company Announces Regular Quarterly Dividend, Payable on December..
CI
11/02UBS Adjusts Molson Coors Beverage Price Target to $54 From $58, Maintains Neutral Ratin..
MT
11/01Sector Update: Consumer Stocks Drift to Close Lower
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11/01Sector Update: Consumer
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Analyst Recommendations on MOLSON COORS BEVERAGE COMPANY
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Financials (USD)
Sales 2022 10 735 M - -
Net income 2022 686 M - -
Net Debt 2022 5 826 M - -
P/E ratio 2022 18,0x
Yield 2022 2,72%
Capitalization 12 071 M 12 071 M -
EV / Sales 2022 1,67x
EV / Sales 2023 1,58x
Nbr of Employees 16 300
Free-Float 79,4%
Chart MOLSON COORS BEVERAGE COMPANY
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Technical analysis trends MOLSON COORS BEVERAGE COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 55,57 $
Average target price 54,39 $
Spread / Average Target -2,11%
EPS Revisions
Managers and Directors
Gavin D. K. Hattersley President, Chief Executive Officer & Director
Tracey I. Joubert Chief Financial Officer
Andrew Thomas Molson Chairman
Peter H. Coors Vice Chairman
H. Sanford Riley Independent Director
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