Molson Coors Brewing Company

TAP-N

NYSE:TAP

56.33
0.41 (0.72%)
The Molson Coors Brewing Company is a multinational brewing company, formed in 2005 by the merger of Molson of Canada, and Coors of the United States. It is the world's seventh largest brewer by volume.
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Analysis and Opinions about TAP-N

Signal
Opinion
Expert
COMMENT
COMMENT
November 12, 2019
Molson Coors vs. Kraft Heinz She owns neither. Kraft Heinz has pulled back a lot; 3G Capital bought them and they're famous for cutting and not reinvesting, which limits product innovation. There's little growth in North American staples; the space is very mature and highly competitive. Molson Coors: She doesn't own any beer companies, because they're all richly priced. Also, beer drinking is declining over time. She gives a slight edge to Molson Coors, but unethusiastically, because KHC is limited by the mature N.A. market.
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Molson Coors vs. Kraft Heinz She owns neither. Kraft Heinz has pulled back a lot; 3G Capital bought them and they're famous for cutting and not reinvesting, which limits product innovation. There's little growth in North American staples; the space is very mature and highly competitive. Molson Coors: She doesn't own any beer companies, because they're all richly priced. Also, beer drinking is declining over time. She gives a slight edge to Molson Coors, but unethusiastically, because KHC is limited by the mature N.A. market.
HOLD
HOLD
October 17, 2019
He does not own beer companies, but this one has been very well run. You are getting a big solid dividend. They are into all kinds of other beverages. You are going to be in a mature, somewhat declining, industry in North America but you get that solid dividend. He prefers more growth. They own a whole slew oF craft breweries but you don’t know it.
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He does not own beer companies, but this one has been very well run. You are getting a big solid dividend. They are into all kinds of other beverages. You are going to be in a mature, somewhat declining, industry in North America but you get that solid dividend. He prefers more growth. They own a whole slew oF craft breweries but you don’t know it.
DON'T BUY
DON'T BUY
September 5, 2019
Hasn't performed well lately. Chart is terrible. Debt's gone up, sales are not going higher. So much competition in beer. Optically cheap, dividend is going up. But he can't recommend it to investors.
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Hasn't performed well lately. Chart is terrible. Debt's gone up, sales are not going higher. So much competition in beer. Optically cheap, dividend is going up. But he can't recommend it to investors.
COMMENT
COMMENT
January 28, 2019
He hasn't looked at this in a long time and finds it hard to believe where it sits today. It doesn't look good, but the chart has held at these levels before: massive head and shoulders and at the bottom of it now. Very news-driven. At these levels, the risk is to the upside.
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He hasn't looked at this in a long time and finds it hard to believe where it sits today. It doesn't look good, but the chart has held at these levels before: massive head and shoulders and at the bottom of it now. Very news-driven. At these levels, the risk is to the upside.
BUY
BUY
November 20, 2018
Anticipating them moving into the premium drink space. They're trying to, and are dipping into craft beers like Blue Moon beer. A defensive name that's gone up 12% in the past month. He hasn't owned it in a while, because it's been in a down trend, but it looks interesting now.
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Anticipating them moving into the premium drink space. They're trying to, and are dipping into craft beers like Blue Moon beer. A defensive name that's gone up 12% in the past month. He hasn't owned it in a while, because it's been in a down trend, but it looks interesting now.
COMMENT
COMMENT
October 2, 2018

This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

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This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

DON'T BUY
DON'T BUY
August 24, 2018

Brewers are struggling with declining sales. Valuation is still on the rich side, mainly because of declining margins. Doesn’t have EM exposure that you’d like to see. Be cautious. Compares poorly to its peers. (Analysts’ price target is $77.43.)

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Brewers are struggling with declining sales. Valuation is still on the rich side, mainly because of declining margins. Doesn’t have EM exposure that you’d like to see. Be cautious. Compares poorly to its peers. (Analysts’ price target is $77.43.)

BUY
BUY
August 17, 2018

Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

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Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

BUY
BUY
May 17, 2018

A defensive name. A company that looks to be acquired. The stock looks goods now on the pullback. Steady dividend and good yield. Maybe the fact that marihuana is being legalized affected the price of the stock and its multiples. A boring traditional business as it is

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A defensive name. A company that looks to be acquired. The stock looks goods now on the pullback. Steady dividend and good yield. Maybe the fact that marihuana is being legalized affected the price of the stock and its multiples. A boring traditional business as it is

COMMENT
COMMENT
January 9, 2018

Had a terrific 2015-2016 and a “not so good” 2017. Thinks that was part of a rotation out of defensive, boring stocks into sexy technology names. This is not going to be a fast grower. It recently acquired Millers Coors, a much bigger company. Not a growth story, but more of a cost control story. There is a lot of value in this. It is worth $100 a share, and perhaps $125 in a couple of years once it pays down the debt, as well as a potential acquisition by Heineken.

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Had a terrific 2015-2016 and a “not so good” 2017. Thinks that was part of a rotation out of defensive, boring stocks into sexy technology names. This is not going to be a fast grower. It recently acquired Millers Coors, a much bigger company. Not a growth story, but more of a cost control story. There is a lot of value in this. It is worth $100 a share, and perhaps $125 in a couple of years once it pays down the debt, as well as a potential acquisition by Heineken.

BUY
BUY
December 4, 2017

It is an interesting company. If we are thinking about being late cycle, there are a few industries that are recession proof, like alcohol. They have a nice dividend.

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It is an interesting company. If we are thinking about being late cycle, there are a few industries that are recession proof, like alcohol. They have a nice dividend.

DON'T BUY
DON'T BUY
November 6, 2017

She is not a fan right now. There is incredible, tough competition in beverages.

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She is not a fan right now. There is incredible, tough competition in beverages.

PAST TOP PICK
PAST TOP PICK
October 16, 2017

(A Top Pick Nov 3/16. Down 18%.) Hasn’t worked out recently, although his long-term clients have done quite well on this. They didn’t have a very good analysts’ day. Tried to rectify miscommunications they had with analysts. Had a Q2, that was better than what some analysts expected. Thinks it has something to do with what is going on with all consumer packaging goods. He would still make this a top pick.

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(A Top Pick Nov 3/16. Down 18%.) Hasn’t worked out recently, although his long-term clients have done quite well on this. They didn’t have a very good analysts’ day. Tried to rectify miscommunications they had with analysts. Had a Q2, that was better than what some analysts expected. Thinks it has something to do with what is going on with all consumer packaging goods. He would still make this a top pick.

COMMENT
COMMENT
October 3, 2017

Has had a huge comeback in the last year or so. It is down significantly, and only yields about 2%-2.5%. These are the types of companies and sectors you like to buy ahead of a recession. If it dropped another 10%-15%, it could be something you could look at.

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Has had a huge comeback in the last year or so. It is down significantly, and only yields about 2%-2.5%. These are the types of companies and sectors you like to buy ahead of a recession. If it dropped another 10%-15%, it could be something you could look at.

COMMENT
COMMENT
July 18, 2017

Had thought the deal to acquire Millers/Coors was very positive. Beer sales are not going to be sexy growers going forward. There is lots of competition. This has underperformed and is at a 52-week low, very cheap. If they execute well over the next few quarters, you could easily see the stock at $100.

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Had thought the deal to acquire Millers/Coors was very positive. Beer sales are not going to be sexy growers going forward. There is lots of competition. This has underperformed and is at a 52-week low, very cheap. If they execute well over the next few quarters, you could easily see the stock at $100.

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