MOLSON COORS BEVERAGE CO
boothcheck covers MOLSON COORS BEVERAGE CO (TAP) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 11, 2026.
• Molson Coors trades at about 9 times through-cycle operating income and 0.76 times book value, a price below what even a permanent 5% annual profit decline would warrant, while premiumization lifted net sales per hectoliter 9.3% in FY2025 [FY2025 10-K, accession 0000024545-26-000006]. • The biggest risk is that the discount is deserved: the $3.87 billion impairment was triggered by beer-industry decline and market share losses, the filing flags the Americas unit (78% of net sales) as still at
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606 institutional managers reported holding TAP in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 47%. 67 opened new positions that quarter. Held by Vanguard Group, Dodge & Cox, BlackRock, among others. On the short side, 27.0M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (8.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TAP has cut its share count 8.8% over the past five years, spending $1.57B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 5 years straight; the current rate is $1.88 a share annually. Cash returned over the past three years: $922.00M in dividends and $1.49B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at TAP over the trailing three years: 2023: 2 buys totaling $13k; 2025: 4 buys totaling $464k; 2026: 2 buys totaling $98k. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
TAP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-08-03 | -9.2% | -10.6% |
| 2022-11-02 | -2.2% | +4.1% |
| 2023-02-22 | +1.8% | +11.6% |
| 2023-05-03 | +7.5% | +2.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
TAP's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-24 (items 5.02); 2026-05-27 (items 1.01, 2.03, 9.01); 2026-05-22 (items 8.01, 9.01); 2026-05-08 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.