Molson Coors Beverage Company has been making several moves in the beverage market. The company announced their
first quarter results for 2024, as well as hosting a webcast of the corresponding earnings conference call. Their stock, with ticker symbol
TAP, also undergone analysis with a price target cut to $64.00 by
UBS Group. Similarly, the company registered major institutional ownership, hovering around 78-82%.
Daiwa Securities Group Inc has significantly acquired shares from Molson Coors. The
Goldman Sachs Group has upgraded the company’s status to “Buy". Conversely, other stockholds like
Retirement Systems of Alabama and
Chevy Chase Trust Holdings LLC have decreased their positions in TAP. Their initiatives are evidently garnering positive effects as TAP's stock has been noted to repeatedly outperform the market. Speaking of the market, the HSBC has initiated coverage on TAP with a 'Hold' rating. The company has also been preparing for the future, announcing a plan to accelerate its growth, providing a
long-term financial outlook, and a
leadership transition in Canada. Their innovative steps even include a collaborative venture with
Yuengling to expand the latter’s beer’s geographic footprint.
Molson Coors Beverage Company Class B TAP News Analytics from Thu, 14 Mar 2019 19:42:14 GMT to Thu, 09 May 2024 21:19:00 GMT -
