Molson Coors Beverage Company (TAP) has had significant events and changes over the past couple of years. Its
Commercial Officer's departure could signal changes in its
cannabis beverage strategy. The nomination of
Rahul Goyal as
President and CEO, and the addition of
Chris Cocks to the board of directors, show a revamp in the leadership team. The board also announced a
quarterly dividend of $0.47 per share.
Quarterly reports have been a mix of beats and lowered guidance. The company is largely owned by
institutional shareholders who hold
83% of the shares. Analysts seem divided on the stock's potential, with some suggesting sell, while others retain neutral outlooks. Notably, the
Goldman Sachs Group and
Jefferies Financial Group both cut their price targets. Amidst these changes, Molson Coors is accelerating its growth with long-term financial outlook presented at its 2023 Strategy Day.
Molson Coors Beverage Company Class B TAP News Analytics from Thu, 27 Aug 2020 17:39:29 GMT to Thu, 16 Oct 2025 08:05:23 GMT -
Rating -3
- Innovation 2
- Information 8
- Rumor -3
