Molson Coors Beverage Co. Class B (TAP) has been experiencing a mix of highs and lows in the market. On various days, it outperformed the market while on others, it suffered underperformance. There have been several major institutional investments
increasing their stock holdings, contributing to the fact that 82% of the institutionally owned company is a firm favorite among large-scale investors. Despite taking a
12-month low hitting $52.39, the company provided a surprising rebound with better-than-expected earnings which resulted in a notable increase in its stock. Despite some negative backlash — a 5.6% stock decrease since their last earnings report, Consensus Ratings from analysts give the company a
“Hold” status. The company is focusing on expansion, as evidenced by its increased investment in its partnership with ZOA Energy and the formation of a joint venture with Yuengling, centered on expanding the latter's geographic footprint. It also unveiled a plan to accelerate growth and a
long-term financial outlook. Important moves in the stock market have resulted in significant shares purchased or sold by entities such as TD Asset Management, BNP Paribas Financial Markets, and IEQ Capital.
Molson Coors Beverage Company Class B TAP News Analytics from Thu, 08 May 2008 07:00:00 GMT to Fri, 07 Jun 2024 21:38:00 GMT -
Rating -2
- Innovation 3
- Information 4
- Rumor -5
