TPX-B.TO - Molson Coors Canada Inc.

Toronto - Toronto Delayed Price. Currency in CAD
71.31
-0.09 (-0.13%)
At close: 3:59PM EDT
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Previous Close71.40
Open71.35
Bid71.01 x 0
Ask71.71 x 0
Day's Range71.31 - 72.44
52 Week Range69.70 - 98.44
Volume2,098
Avg. Volume3,569
Market Cap16.681B
Beta (3Y Monthly)0.81
PE Ratio (TTM)13.91
EPS (TTM)5.12
Earnings DateN/A
Forward Dividend & Yield2.37 (3.24%)
Ex-Dividend Date2019-08-29
1y Target EstN/A
  • GlobeNewswire

    Molson Investigated by Merchant Law Group LLP For Violations of Provincial Securities Laws

    REGINA, Saskatchewan, Aug. 13, 2019 -- Merchant Law Group LLP (www.merchantlaw.com) a national class action litigation firm, is investigating whether Molson Coors Canada Inc..

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    What’s the Best Cannabis Stock to Buy: Charlotte’s Web Holdings (TSX:CWEB) or Hexo Corp (TSX:HEXO)?

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  • Is Molson Coors Canada Inc. (TSE:TPX.B) A Great Dividend Stock?
    Simply Wall St.

    Is Molson Coors Canada Inc. (TSE:TPX.B) A Great Dividend Stock?

    Dividend paying stocks like Molson Coors Canada Inc. (TSE:TPX.B) tend to be popular with investors, and for good...

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  • 3 Value Stocks for Your TFSA Account
    The Motley Fool

    3 Value Stocks for Your TFSA Account

    Here are three dividend-paying value stocks that investors should consider for inclusion in their TFSA accounts, including Molson Coors Brewing Co. (TSX:TPX.B)(NYSE:TAP), which raised its quarterly dividend by 39% in July.

  • New Molson Coors CEO to address flat beer market by competing in spiked seltzers
    The Canadian Press

    New Molson Coors CEO to address flat beer market by competing in spiked seltzers

    Molson Coors Brewing Co.'s newly appointed chief executive is already developing a plan to address a change in consumer tastes away from beer to compete with trendy new products like spiked seltzers and cannabis-infused drinks.Gavin Hattersley, who currently heads the MillerCoors U.S. operations, will replace Mark Hunter when he retires next month after 17 years with the company, including five as CEO.Hattersley plans to spend the next few months preparing the Denver and Montreal-based brewer for 2020 and beyond."We need to consider all options that we can take to maximize the future potential of our business and to create additional firepower to put behind our brands and in order for us to innovate," he said Wednesday during a conference call to discuss its second-quarter results.The brewer of brands such as Coors Light and Belgian Moon has also stepped into the booming spiked seltzer segment with Aquarelle, a 100-calorie vodka soda drink marketed toward "healthy people seeking balance."Hattersley's top priority is to focus on innovation to develop new beverages, including premium beers and seltzers."I think it's safe to say that competition for consumer's intention is really at a high level in the United States. And obviously, the beer category, the beer industry needs to evolve quickly and needs to keep pace with consumer preferences, which are rapidly changing."He said Molson Coors has been successful in introducing products including Arnold Palmer Spikes, Henry's Hard Sparkling Water and Cape Line sparkling cocktails."There's no doubt that seltzers are big and they're here to stay," the incoming CEO said, adding that it responds to two big consumer trends: it is better for you and consumers looking for an alternative taste for beer.Hattersley said the brewer needs to offer new and unique products."We're moving quicker, we're taking smarter risks. In this fast-changing environment, we can't afford to let others pass us by. So I think you will see us move with the pace going forward."Hard seltzer may be having a moment, but the company is also looking beyond traditional alcoholic beverages into the nascent market for cannabis-infused drinks.The company intends to discuss at its next quarterly call the brands of Truss non-alcoholic cannabis-infused beverages that its joint venture partner marijuana producer Hexo Corp. will begin to sell after the product is legalized later this year.Hunter said Molson Coors dipped its toes in the cannabis space a year ago to "be on the playing field" as demand for these beverages expands to other geographies, including the United States once "legislative complications" are addressed. Marijuana is illegal in the U.S. at the federal level, but many in the space believe the political winds are shifting.He said he believes the Truss line has "disruptive potential.""Truss's portfolio of brands will taste great and be scalable because of its infusion technology and flavouring capabilities within its Belleville, Ont., facility. And Truss's portfolio will meet an array of consumer occasions."The brewer has grappled with declining beer demand in North America under Hunter's stewardship as consumers turn toward craft beers and ciders along with wine and spirits.On Wednesday,the company's stock dropped 7.1 per cent to $71.55 in afternoon trading on the Toronto Stock Exchange after it reported that second-quarter earnings declined 22.3 per cent to US$329.4 million from the same period last year.Net sales revenue decreased 4.4 per cent to US$2.95 billion in the quarter ended June 30.Quarterly underlying diluted earnings of $1.52 per share contrasted with per-share earnings of $1.88 a year earlier, and came in below analysts' expectations of $1.65, according to financial markets data firm Refinitiv. Companies in this story: (TSX:TPX.B, TSX:HEXO)Ross Marowits, The Canadian PressNote to readers: This is a corrected story. A previous version contained an incorrect figure for Q2 earnings

  • Business Wire

    Molson Coors CEO Mark Hunter Announces Retirement as of September 27, 2019; Board Names MillerCoors CEO Gavin Hattersley as Successor

    TSX: TPX) has accepted the retirement of current President and Chief Executive Officer Mark Hunter, effective September 27, 2019 and has named Gavin Hattersley as Molson Coors President and Chief Executive Officer effective as of September 28, 2019. “After a 36-year career with the last 30 years in the beer business Mark Hunter indicated his desire to retire from his position as Molson Coors President and CEO in order to spend more time with his wife Fiona and two children,” said Andrew Molson, chairman of the Molson Coors Board.

  • Business Wire

    Molson Coors Reports 2019 Second Quarter Results

    Net Sales Revenue Decreased 4.4% Reported and 2.9% in Constant Currency

  • 3 Stocks Now Cheaper Than They Were in 2014
    The Motley Fool

    3 Stocks Now Cheaper Than They Were in 2014

    Stocks such as Molson Coors Canada (TSX:TPX.B) are sitting at lows that we haven't seen in half a decade.

  • The Long-Awaited Announcement That Should Mark a Major Turning Point for This Beer Company
    The Motley Fool

    The Long-Awaited Announcement That Should Mark a Major Turning Point for This Beer Company

    Find out why Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP) announced a 39% increase to its dividend this week and why it could mark a major turning point for the company.

  • TFSA Investors: 3 Top Stocks to Buy in July
    The Motley Fool

    TFSA Investors: 3 Top Stocks to Buy in July

    Three stocks offer promise as we head into the second half of 2019, including Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP), which just announced a 39% increase to is annual dividend earlier in the week.

  • Income Lovers: This Company Just Hiked its Dividend by 39%
    The Motley Fool

    Income Lovers: This Company Just Hiked its Dividend by 39%

    Molson Coors Brewing Co. (TSX:TPX.B)(NYSE:TAP) just announced a massive dividend increase. You've got to check this out, income investors.

  • Business Wire

    Molson Coors Brewing Company Announces Increased Regular Quarterly Dividend

    Molson Coors Brewing Company today declared a regular quarterly dividend on its Class A and Class B common shares of US$0.57 per share, payable September 13, 2019, to shareholders of record on August 30, 2019, which is an increase from its last regular quarterly dividend on its Class A and Class B common shares of US$0.41 per share.

  • TFSA Investors: 3 Amazing Stocks Hitting New 52-Week Lows
    The Motley Fool

    TFSA Investors: 3 Amazing Stocks Hitting New 52-Week Lows

    Hunting for a bargain? This group of beaten-down stocks, including Molson Coors Canada (TSX:TPX.B)(NYSE:TAP), might provide the value you're looking for.

  • Business Wire

    Molson Coors Brewing Company to Webcast 2019 Second Quarter Earnings Conference Call

    Molson Coors Brewing Company will host an online, real-time webcast of the company’s 2019 Second Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m.

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    2 Stocks to Buy With Cannabis Edibles Set to Hit Shelves Later This Year

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  • Do Institutions Own Molson Coors Canada Inc. (TSE:TPX.B) Shares?
    Simply Wall St.

    Do Institutions Own Molson Coors Canada Inc. (TSE:TPX.B) Shares?

    Every investor in Molson Coors Canada Inc. (TSE:TPX.B) should be aware of the most powerful shareholder groups...

  • 2 Unreasonably Battered Dividend Stocks I’d Buy Before They Correct to the Upside
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    2 Unreasonably Battered Dividend Stocks I’d Buy Before They Correct to the Upside

    Two dividend stocks unfairly punished by the market in recent months, offering significant upside potential including one of North America’s largest beer brewers, Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP).

  • 2 Beer Stocks I’d Sell and Buy This Summer
    The Motley Fool

    2 Beer Stocks I’d Sell and Buy This Summer

    Waterloo Brewing Ltd. (TSX:WBR) and Molson Coors Brewing Inc. (TSX:TPX.B)(NYSE:TAP) have differed in performance in 2019, and only one is worth buying today.

  • 3 Dividend Stocks to Buy This Summer
    The Motley Fool

    3 Dividend Stocks to Buy This Summer

    No matter your age, dividend stocks can add critical value to your portfolio. Discover why we love Molson Coors Canada Inc. (TSX:TPX.B), Rogers Sugar Inc (TSX:RSI), and Encana Corp (TSX:ECA)(NYSE:ECA).

  • Scoop up This Unfairly Beaten-Up Stock Before It’s Too Late!
    The Motley Fool

    Scoop up This Unfairly Beaten-Up Stock Before It’s Too Late!

    Molson Coors Brewing Company (TSX:TPX.B)(NYSE:TAP) is one of Canada's most undervalued stocks. Here's why shares could be 100% higher in just a few short years.

  • How the Government’s Plan to Expand Alcohol Sales Will Boost Brewers’ Bottom Lines
    The Motley Fool

    How the Government’s Plan to Expand Alcohol Sales Will Boost Brewers’ Bottom Lines

    Ontario recently passed a law that will allow for the sale of wine and beer in convenience stores across the province. Find out how the change will impact brewers like Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP).

  • How Do Molson Coors Canada Inc.’s (TSE:TPX.B) Returns On Capital Compare To Peers?
    Simply Wall St.

    How Do Molson Coors Canada Inc.’s (TSE:TPX.B) Returns On Capital Compare To Peers?

    Today we'll evaluate Molson Coors Canada Inc. (TSE:TPX.B) to determine whether it could have potential as an...

  • Business Wire

    Molson Coors Brewing Company Announces Regular Quarterly Dividend

    Molson Coors Brewing Company today declared a regular quarterly dividend on its Class A and Class B common shares of US$0.41 per share, payable June 14, 2019, to shareholders of record on June 3, 2019.