Molson Coors Beverage Company Class B (TAP) Rises 5.63% for October 30

Among the biggest risers on the S&P 500 on Friday October 30 was Molson Coors Beverage Company Class B ($TAP), popping some 5.63% to a price of $35.26 a share with
some 5.56 million shares trading hands.

Starting the day trading at $33.41, Molson Coors Beverage Company Class B reached an intraday high of $35.30 and hit intraday lows of $33.41. Shares gained $1.88 apiece by day’s end. Over the last 90
days, the stock’s average daily volume has been n/a of its 216.68 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day
SMA at $n/a with a 52-week range of $32.12 to $61.94.

Molson Coors is the fifth-largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller Lite, Carling, and Staropramen. It also sells various partner brands in certain locales such as Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken) and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm’s go-to-market approach differs by geography as well, primarily utilizing independent distributors in the U.S., but deploying hybrid models in Canada and Europe.

Molson Coors Beverage Company Class B has its corporate headquarters located in Denver, CO and employs 17,700 people. Its market cap has now risen to $7.64 billion after today’s trading, its P/E
ratio is now n/a, its P/S n/a, P/B 0.59, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Molson Coors Beverage Company Class B, check out Stock Valuation Analysis tool for TAP.

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