Reading the tape
NYSE: TAP
Molson Coors Beverage Company
Consumer Defensive · Beverages - Alcoholic
Market Cap
$7.95B
52w High
$57.57
52w Low
$40.64
P/E
-3.80
Volume
2.48M
Outstanding Shares
187.55M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -21.84%Revenue (TTM): -1.3%FCF (TTM): 6.3%P/FCF: 8th pct
What changed
The stock fell 21.84% over the last year. Revenue declined 1.3% over the trailing twelve months. Operating margin moved from 14.34% to -20.28%. Free cash flow grew 6.3% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -20.28%. A decisive move in revenue — currently down 1.3% — would be the clearest signal to resolve the ambiguity.
Company profile
Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific.
CEORahul Goyal
SectorConsumer Defensive
IndustryBeverages - Alcoholic
Employees16,800
IPO dateJun 12, 1975
Valuation
Forward P/E—
EV/EBITDA-9.01
Enterprise value$14.51B
Stock splits
Oct 4, 2007↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth2.04%
Gross margin37.83%▼3.62%vs FY2024
Operating margin-20.28%▼239.35%vs FY2024
ROE-20.91%▼343.96%vs FY2024
Analyst consensus
RatingHold
Target price$47.00▲10.82%
11
Buy
20
Hold
6
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $1.55 · Revenue est $3.11B
View
Dividends
$1.89/shareQuarterly3yr growth streakSafeTAP pays a dividend with a 4.46% dividend yield, 3 consecutive years of growth, covered 2.8× by free cash flow.
Dividend Yield
4.46%
Annual Div / Share
$1.89
5yr CAGR
-0.6%
Dividend has been cut
Payout Ratio
—
Safe
Dividend Growth Rate
3yr CAGR
+6.83%
5yr CAGR
-0.6%
10yr CAGR
+1.43%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.89+5.6%
2024$1.79+7.2%
2023$1.67+7.7%
2022$1.55-4.9%
2021$1.63-16.8%
2019$1.96+19.5%
2018$1.64+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$45/yr
$4/mo
In 5 yrs
$45/yr
$4/mo
In 10 yrs
$45/yr
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$45/yr $4/mo | $45/yr $4/mo | $45/yr $4/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -0.6% is negative, indicating the payout has been cut over this period.