Molson Coors Class B (TAP)

• Market cap: $9.27B
• 1 day: -1.2%
• 5 days: -4.99%
• 1 month: -8.33%
• 3 months: -5.03%
• 6 months: -21.07%
• Year to date: -18.08%
• 1 year: -16.44%
• 5 years: 33.66%
• 10 years: -43.27%
• Sector: Consumer Staples
• Industry: Beverages - Brewers

About: Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling and ranks as the second-largest beer maker in both value and volume terms in the US, Canada, and the United Kingdom. Through licensing agreements, the firm also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The brewer uses independent distributors in the US, given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market, contributing over 80% of total revenue.

Employees: 16,800

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

7% more call options, than puts

Call options by funds: $59.2M | Put options by funds: $55.5M

0.82% more ownership

Funds ownership: 86.86% [Q1] → 87.68% (+0.82%) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 245 | Existing positions reduced: 265

10% less funds holding

Funds holding: 728 [Q1] → 655 (-73) [Q2]

20% less capital invested

Capital invested by funds: $10.1B [Q1] → $8B (-$2.05B) [Q2]

44% less funds holding in top 10

Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]

50% less first-time investments, than exits

New positions opened: 60 | Existing positions closed: 120

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50
• Avg. target: $54
• High target: $67

12 analyst ratings

• positive: 4 33%
• neutral: 7 58%
• negative: 1 8%

Barclays Lauren Lieberman	$50	Underweight Downgraded	12 Sep 2025
Morgan Stanley Dara Mohsenian	$53	Equal-Weight Maintained	6 Aug 2025
UBS Peter Grom	$52	Neutral Maintained	6 Aug 2025
Goldman Sachs Bonnie Herzog	$67	Buy Maintained	6 Aug 2025
Evercore ISI Group Robert Ottenstein	$53	Outperform Maintained	6 Aug 2025