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Molson Coors Beverage

TAP on NYSE. Molson Coors Beverage sells beer to people in the Americas, Europe and Asia. Market value $8.0bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Everyday goods stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
18.0%very high

For every $100 of what the whole company costs, it produced $18.04 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
5.8%five-year median

Each dollar kept in the business earns 6 cents a year. Above 10 is good.

Quality score: 70 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.

$36.91 a share, 4% above its 1-year low

Over the past year the price has ranged from $35.52 to $54.82.

Dividend: 5.0% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

1.1
0.8
1.4
1.2
1.1
1.3
2021202220232024202512 monthsto Jun '26
Revenue
$12.4bn$12.8bn$13.9bn$13.7bn$13.0bn
Operating margin
11.7%1.2%10.4%12.8%-17.9%
Debt to equity
0.530.510.470.470.61
Shares outstanding
0.22bn0.22bn0.22bn0.21bn0.20bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)3 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • Debt0.61× equity
  • Revenue growth, five yearsSlow, 2.2% a year
  • Buying back its own sharesYes, 9% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

Sales by quarter
Sales by quarter
Quarter toAmount
June 2024$3.8bn
September 2024$3.6bn
December 2024$3.2bn
March 2025$2.7bn
June 2025$3.7bn
September 2025$3.5bn
December 2025$3.1bn
June 2026$3.6bn
Profit by quarter
Profit by quarter
Quarter toAmount
June 2024$427m
September 2024$200m
December 2024$288m
March 2025$121m
June 2025$429m
September 2025-$2.9bn
December 2025$238m
June 2026$232m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
3 November 2026
Last annual report (10-K)
18 February 2026
Next quarterly (estimated, 10-Q)
5 November 2026

Who owns it

10 long-term investors we follow own it, down from 12 last quarter. 617 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 4 insiders bought $551,125 of shares on the open market. 1 sold $52,913.

  • Molson Geoffrey E.
    Director
    Sold
    Date
    21 May 2026
    Shares
    1,245
    Price
    $42.50
    Value
    $52,913
  • Molson Andrew Thomas
    Director
    Bought
    Date
    9 March 2026
    Shares
    2,000
    Price
    $46.67
    Value
    $93,340
  • Winnefeld James A Jr
    Director
    Bought
    Date
    20 February 2026
    Shares
    100
    Price
    $49.01
    Value
    $4,901
  • Cocks Christian P
    Director
    Bought
    Date
    26 November 2025
    Shares
    45
    Price
    $47.19
    Value
    $2,124
  • Molson Andrew Thomas
    Director
    Bought
    Date
    10 November 2025
    Shares
    7,500
    Price
    $46.79
    Value
    $350,925
  • Coors David S.
    Director
    Bought
    Date
    5 November 2025
    Shares
    2,245
    Price
    $44.47
    Value
    $99,835

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.