Valued at $12.4 billion by market cap, Molson Coors Beverage Company (TAP) is a leading global brewer specializing in the production, marketing, and distribution of beer and other beverages. Based in Golden, Colorado, the company offers a diverse portfolio of iconic and innovative brands, catering to a wide range of consumers, retailers, and distributors worldwide.
Shares of this brewing giant have lagged behind the broader market over the past year. Over the past 52 weeks, the stock gained 1.4% compared to the S&P 500 Index’s ($SPX) 31.1% returns. In 2024, TAP is down 1.2% versus SPX’s 24.7% gains on a YTD basis.
