TAP Molson Coors Brewing Company featured news, full reports, and detailed charts
Molson Coors Brewing Company (TAP) Wrap Up:
Molson Coors Brewing Company, through its subsidiaries, brews, markets, sells, and distributes beer and other beverages. It offers its products under the Coors Light, Canadian, Molson Dry, Export, Creemore, Rickard's Red and other Rickard's brands, Carling, and Pilsner brand names in Canada; the Coors Light and Miller Lite, Coors Banquet, Miller Genuine Draft, MGD 64, Miller Chill, Sparks, Miller High Life, Keystone Light, Icehouse, Mickey's, Milwaukee's Best Light, Old English 800, Blue Moon brands, Henry Weinhard's, George Killian's Irish Red, the Leinenkugel's brands, the Molson brands, Foster's, Peroni Nastro Azzurro, Pilsner Urquell, Coors Non-Alcoholic, and Sharp's brand names in the United States; and the Carling, C2, Coors Light, Worthington's, Caffrey's, Kasteel Cru, as well as Grolsch brand names in the United Kingdom. The company also brews or distributes Amstel Light, Heineken and Murphy's, Asahi and Asahi Select, Miller Lite, Miller Genuine Draft, Milwaukee's Best, Milwaukee's Best Dry, Foster's, and Tiger brands under license. Molson Coors distributes its products through a three-tier system consisting of manufacturers, distributors, and retailers in the United States, as well as through a two-tier system consisting of manufacturers and retailers in the United Kingdom. It has a joint venture with Grupo Modelo, S.A.B. de C.V. to import, distribute, and market the Modelo beer brand portfolio, including the Corona, Coronita, Negra Modelo, and Pacifico brands in Canada; and with Royal Grolsch N.V. to market Grolsch branded beer in the United Kingdom and the Republic of Ireland. The company was formerly known as Adolph Coors Company and changed its name to Molson Coors Brewing Company in February 2005. Molson Coors was founded in 1873 and is headquartered in Denver, Colorado.Molson Coors Brewing Company (TAP:NYSE)
Snapshot of Molson Coors Brewing Company (TAP)
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OPEN
$45.73
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PREVIOUS CLOSE
$45.72
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DAY HIGH
$45.83
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DAY LOW
$45.40
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52 WEEK HIGH
10/26/09 - $51.33
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52 WEEK LOW
03/17/09 - $30.76
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MARKET CAP
7.2B
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AVERAGE VOLUME 3 mo
1.3M
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DILUTED EPS TTM
$3.24
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SHARES OUTSTANDING
159.0M
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EX-DATE
11/25/09
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P/E TTM
14.1x
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DIVIDEND
$0.96
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DIVIDEND YIELD
2.11%
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| K = Thousands M = Millions B = Billions | |||
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Key developments for Molson Coors Brewing Company (TAP)
Molson Coors Brewing Company declared a regular quarterly dividend of $0.24 per share, payable on December 15, 2009, to shareholders of record on November 30, 2009. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company.
On November 6, 2009, Pamela Patsley informed Molson Coors Brewing Company that she intends to resign as a director, effective December 31, 2009, following 13 years of service as a director of Adolph Coors Company and then Molson Coors Brewing Company.
Molson Coors Brewing Company reported unaudited consolidated earnings results for the third quarter and nine months ended September 26, 2009. For the quarter, the company reported an operating income of $237.3 million, income from continuing operations before income taxes of $270.7 million, income from continuing operations of $245.4 million or $1.31 diluted per share, net income attributable to MCBC of $235.3 million or $1.26 diluted per share on net sales of $853.7 million against operating income of $241.6 million, income from continuing operations before income taxes of $223.7 million, income from continuing operations of $168.8 million or $0.90 diluted per share, net income attributable to MCBC of $171.3 million or $0.92 diluted per share on net sales of $921.1 million for the same period a year ago. For the nine months, the company reported an operating income of $617.8 million, income from continuing operations before income taxes of $584.6 million, income from continuing operations of $513.3 million or $2.75 diluted per share, net income attributable to MCBC of $498.3 million or $2.68 diluted per share on net sales of $2,211.6 million against operating income of $476.1 million, income from continuing operations before income taxes of $389.7 million, income from continuing operations of $314.8 million or $1.63 diluted per share, net income attributable to MCBC of $285.1 million or $1.53 diluted per share on net sales of $4,035.2 million for the same period a year ago. Net cash provided by operating activities of $666.8 million against $395.6 million for the same period a year ago.
TAP Competitors
| Company | Last | Change |
| APB Breweries Limited | $12.06 SGD | -0.04 |
| Boston Beer Co | $41.00 USD | 0.00 |
| Constellation Brands Inc | $17.09 USD | +0.10 |
| Foster's Group Ltd | A$5.52 AUD | -0.05 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TAP | Industry Range |
| Price/Earnings | 13.9x |
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| Price/Sales | 2.9x |
Not meaningful
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| Price/Book | 1.2x |
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| Price/Cash Flow | 12.0x |
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| TEV/Sales | 1.6x |
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TAP |
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TAP transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Molson Coors Brewing Company
More news for TAP
Correction: Earns-MillerCoors story
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
MOLSON COORS BREWING CO Financials
PERIOD ENDING26-Sep-0928-Jun-0929-Mar-0928-Dec-08Total Revenue853,700 798,900 559,000 739,100 Cost of Revenue472,600 432,600 346,100 447,900 Gross Profit381,100 366,300 212,900 291,200 Operating ExpensesResearch Development - - - - Selling General and Administrative1,264,000 327,100 85,500 196,600 Non Recurring4,300 7,100 10,200 (2,200)Others - - - - Total Operating Expenses - - - - Operating Income or Loss468,500 32,100 117,200 96,800 Income from Continuing OperationsTotal Other Income/Expenses Net55,900 (8,300)(18,500)2,500 Earnings Before Interest And Taxes230,900 255,000 98,700 148,400 Interest Expense(39,800)19,900 19,900 34,700 Income Before Tax270,700 235,100 78,800 113,700 Income Tax Expense25,300 47,300 (1,300)22,400 Minority Interest - - - (600)Net Income From Continuing Ops245,400 187,800 80,100 90,700 Non-recurring EventsDiscontinued Operations(9,000) - (3,900)6,000 Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)
Does Another Round of Beer Mergers Make Sense?
Mass-produced beer is a slow-growth industry, and major brewers have merged in an effort to cut costs and grab market share. But consolidation may be little more than a short-term fix. The best known deal: InBev snapped up Anheuser-Busch, once an American icon, in 2008 for about $52 billion to create Anheuser-Busch InBev (BUD), the world’s largest brewer with operations in about 30 countries around the world.InBev’s third-quarter profit Bloomberg reports that InBev may attempt to repeat its successful cost-cutting formula by acquiring the 50% of Mexico’s Grupo Modelo it doesn’t own. If completed, the acquisition would add Corona to In Bev’s Stella Artois, Budweiser, and Beck’s brands.Fremsa, Modelo’s rival in Mexico, is reportedly in talks with SABMiller and Heineken, an apparent move to counter InBev’s possible deal with Grupo Modelo.Cost-cutting is the smart thing to do during a recession, but InBev, which controls about 25% of the world’s beer sales, has yet to show that it can significantly increase market share.“InBev paid a high price for A-B and is now highly leveraged, with debt standing at more than 70% of total capital,” Ann Gilpin, an analyst at Morningstar, said in a research report. Gilpin continues: With bonuses for the next five years tied to net debt/earnings before interest, taxes, depreciation, and amortization ratios, management is wasting no time in getting out their machetes to slash costs. However, if InBev does not proceed delicately, we think it could do more harm than good. The InBev...Click here to read the whole Article (external link)
Molson Coors Brewing Company Announces Regular Quarterly Dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
MOLSON COORS BREWING CO Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for MOLSON COORS BREWING CO | Request a Trial to NEW EDGAR Online Pro Form 8-K for MOLSON COORS BREWING CO 12-Nov-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purp...Click here to read the whole Article (external link)