With a market cap of $7.8 billion, Molson Coors Beverage Company (TAP) is a global beverage company with more than two centuries of brewing heritage and a portfolio of iconic brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, and Carling. While rooted in beer, the company has expanded beyond the beer aisle into flavored beverages, spirits, and non-alcoholic products, supported by partner brands and a broad portfolio designed to serve diverse consumers and occasions.
Shares of the Golden, Colorado-based company have underperformed the broader market over the past 52 weeks. TAP stock has dropped 18.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.2%. Moreover, shares of the company are down nearly 11% on a YTD basis, compared to SPX’s 13.2% rise.
