Molson Coors Beverage Company (NYSE:TAP) unveiled its
2024 financial results, yielding positive market response as the stock experienced an upward trend. The company's
EPS rose, signifying well-acclaimed
financial performance. Their
2023 Strategy Day highlighted a plan to boost growth, positively influencing its long-term financial outlook.
Major stakes have been initiated in
Premium Mixers, specifically with
Fever-Tree, and a strong move into the
Energy Drink market through the acquisition of
ZOA Energy Brand. With
institutional shareholders holding a substantial majority of the company's shares (83%), there's a significant shift in their trading plans and investment advice. New partnerships were expanded particularly with
ZOA Energy, indicating a portfolio diversification beyond traditional beer offerings. Innovative steps saw the introduction of an
8% ABV drink by
Simply Spiked, and strategic product launches are being forecasted. Shares of TAP have experienced increased purchase by various institutions, and the company continues to declare
regular quarterly dividends.
Molson Coors Beverage Company Class B TAP News Analytics from Fri, 21 Jul 2017 03:16:00 GMT to Fri, 21 Feb 2025 07:32:52 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor 0
