Valued at a market cap of $11 billion, Molson Coors Beverage Company (TAP) manufactures, markets, and sells beer and other malt beverage products under various brands. The Golden, Colorado-based company offers flavored malt beverages, including hard seltzers, craft, spirits and, energy, and ready-to-drink beverages.
Shares of this drink and brewing company have significantly lagged behind the broader market over the past 52 weeks. TAP has declined 13.9% over this time frame, while the broader S&P 500 Index ($SPX) has soared 20.5%. Moreover, on a YTD basis, the stock is down 6.8%, compared to SPX’s 2.9% rise.
