|Bid||71.01 x 0|
|Ask||71.71 x 0|
|Day's Range||71.31 - 72.44|
|52 Week Range||69.70 - 98.44|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||13.91|
|Forward Dividend & Yield||2.37 (3.24%)|
|1y Target Est||N/A|
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..
Nearly one year into legalization and with edibles right around the corner, is Hexo Corp (TSX:HEXO)(NYSE:HEXO) the top stock that cannabis investors should buy?
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.
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
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.
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.
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.
Molson Coors Brewing Co. (TSX:TPX.B)(NYSE:TAP) just announced a massive dividend increase. You've got to check this out, income investors.
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.
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.
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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Today we'll evaluate Molson Coors Canada Inc. (TSE:TPX.B) to determine whether it could have potential as an...
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.