Molson Coors Class A

TAP.A

Market cap $9B

Tap Global Group PLC (LSE:TAP) shares rose 20% to 1.5p on Monday after the AIM-listed digital finance company reported that assets under management in its Tap Earn yield product had grown 43% to more than $5 million despite a sharp fall in cryptocurrency prices over the past month. The company said the growth was driven by net customer deposits rather than price appreciation, with Bitcoin and Ethereum both falling materially since Tap Earn's AUM was last reported at $3.5 million on 18 May.

U.S. beer volumes fell 6.3% year over year through the week ending May 2, reversing earlier improvements in Nielsen-tracked beer, malt beverage and cider trends. Higher gasoline prices could be pressuring convenience spending, with California showing the sharpest beer sales deterioration.

Molson Coors (TAP) delivered a Q1'26 EPS beat of 63%, yet reaffirmed full-year guidance for an 11-15% EPS decline, creating a compelling value disconnect. The EPS decline is driven by a quantified, largely temporary aluminum cost headwind, not structural deterioration; underlying FCF remains robust at $1.1B, supporting a 13.6% yield. Capital allocation is highly shareholder-friendly, with a 4.5% dividend yield, aggressive buybacks, and a manageable debt maturity profile, all at 9x forward earnings near 52-week lows.

Aluminum prices have soared since the U.S.-Iran war began. Ford, Molson Coors and many other companies are grappling with the cost pressures.

TORONTO--(BUSINESS WIRE)--Canada is part of the hockey DNA in Buffalo, NY. Just go to any professional game and you'll hear both national anthems. Last week, that connection was on full display when the microphone cut out during ‘O Canada,' and fans didn't hesitate to step in and finish it together. To say ‘thank you,' Molson Canadian showed up in Buffalo ahead of Game 6, sampling Molson Canadian for fans and bringing its “Cheer Canadian” platform to the city. In addition to the surprise sampli.

Molson Coors Beverage Co (NYSE:TAP) is scheduled to report its first-quarter results on Thursday, April 30, before the market opens.

Molson Coors Beverage Company (TAP) remains a Buy, supported by resilient cash flow, a healthy balance sheet, and a compelling double-digit total yield. TAP's 2030 plan targets $450 million in cost savings over the next three years, network modernization, and investment in premium and future-facing brands to drive long-term growth. Despite macro headwinds, TAP expects stable ~$1.1 billion FCF, supporting robust buybacks (authorized up to $4 billion by 2031), and a 4.12% dividend yield.

Bank of America has downgraded Molson Coors Beverage Co (NYSE:TAP) to ‘Underperform' from ‘Neutral' and lowered its price target to $42 from $50, following the company's fourth quarter 2025 results and its presentation at the recent CAGNY conference. "Our downgrade reflects rising downside risk to forward estimates should the US beer category experience another year of mid‑single‑digit declines or TAP's consumption trend meaningfully underperform the category,” the analysts wrote.

Molson Coors reported weak FY25 results, with sales down 4.2% and significant volume declines, reinforcing my sell rating. TAP faces a potential value trap, as low P/E multiples are offset by deteriorating fundamentals, including a 7.7% Q4 volume drop and rising costs. Cost inflation drove COGS per hectoliter up 8.1%, while net income and FCF are pressured; leverage stands at an elevated 5x net debt/FCF.

Beer maker Molson Coors forecast a sharp drop in annual profit on Wednesday, hurt by higher aluminum tariffs and weak spending among price-sensitive consumers.