Molson Coors Beverage Company disclosed spectacular fourth-quarter outcomes for 2024, with an EPS increase driving the stock to surge. This exceeded the FactSet estimate of $1.13, impressing with a solid $1.30 adjusted EPS. The company is also delving into the premium mixers market with a major stake in Fever-Tree while simultaneously venturing into better-for-you portfolios via the acquisition of ZOA Energy brand. An 8% ABV innovation branded by Simply Spiked, reflects Coors' readiness to maintain a bold and innovative stance in the competitive market. Conversely, Private Management Group divested 146,809 units of Molson Coors Beverage stocks. With significant institutional shareholders commanding approximately 83% of the company's stock, Molson Coors offered a regular quarterly dividend of $0.44. Predictably, the company saw major profits skyrocket in the second quarter. The company proposed a public offering of Euro-denominated senior notes as it continues to expand its partnerships and investments. Molson Coors bearings for the future seem promising as UBS Group Analysts project the company's stock prices to surge.
Molson Coors Beverage Company Class B TAP News Analytics from Fri, 21 Jul 2017 03:16:00 GMT to Sat, 15 Feb 2025 23:01:15 GMT -
Rating 8
- Innovation 7
- Rumor -4
