Molson Coors Class B (TAP)

• Market cap: $11.7B
• 1 day: 0.82%
• 5 days: -1.54%
• 1 month: -5.49%
• 3 months: 4.16%
• 6 months: 3.70%
• Year to date: 0.58%
• 1 year: 0.47%
• 5 years: 40.28%
• 10 years: -21.74%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

71% more call options, than puts

Call options by funds: $86.2M | Put options by funds: $50.5M

52% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 64

43% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 10 (+3) [Q4]

11% more repeat investments, than reductions

Existing positions increased: 261 | Existing positions reduced: 235

3% more funds holding

Funds holding: 653 [Q3] → 674 (+21) [Q4]

1% more capital invested

Capital invested by funds: $9.28B [Q3] → $9.42B (+$138M) [Q4]

0.59% less ownership

Funds ownership: 83.89% [Q3] → 83.3% (-0.59%) [Q4]

Research analyst outlook

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

• Low target: $57 1% downside
• Avg. target: $62 8% upside
• High target: $72 25% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Needham Gerald Pascarelli 46% 1-year accuracy 11 / 24 met price target	25% upside $72	Buy Reiterated	29 Apr 2025
Barclays Lauren Lieberman 57% 1-year accuracy 51 / 89 met price target	6% upside $61	Equal-Weight Maintained	27 Mar 2025
UBS Peter Grom 42% 1-year accuracy 13 / 31 met price target	10% upside $63	Neutral Maintained	14 Feb 2025
Morgan Stanley Dara Mohsenian 45% 1-year accuracy 17 / 38 met price target	10% upside $63	Equal-Weight Maintained	14 Feb 2025
Citigroup Filippo Falorni 43% 1-year accuracy 9 / 21 met price target	1% downside $57	Neutral Upgraded	5 Feb 2025