Chicago, Illinois-based Molson Coors Beverage Company (TAP) manufactures, markets, and sells beer and other malt beverage products. Valued at a market cap of $10.2 billion, the company offers flavored malt beverages, including hard seltzers, craft spirits, and ready-to-drink beverages.
This brewer has lagged behind the broader market over the past 52 weeks. Shares of TAP have declined 6.3% over this time frame, while the broader S&P 500 Index ($SPX) has soared 15.6%. However, on a YTD basis, the stock is up 9%, outpacing SPX’s 1.7% return.
