Golden, Colorado-based Molson Coors Beverage Company (TAP) manufactures, markets, distributes, and sells beer and other malt beverage products. Valued at a market cap of $7.8 billion, the company offers flavored malt beverages, including hard seltzers, craft spirits, and ready-to-drink beverages. It also provides non-alcoholic beverages, including premium mixers and energy drinks.
This beverage company has considerably lagged the broader market over the past 52 weeks. Shares of TAP have declined 26.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 26.5%. Moreover, on a YTD basis, the stock is down 12.6%, compared to SPX’s 8.1% rise.
