Molson Coors Brewing Co
TAP:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 44.83 | -0.1500 -0.3% | 2.5% | 246,527 |
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Latest News Headlines for Molson Coors Brewing Co
Molson Coors Brewing (TAP) Crosses Pivot Point Support at $45.04
SmarTrend has detected shares of Molson Coors Brewing (NYSE:TAP) have bearishly opened below the pivot of $45.41 today and have reached the first level of support of $45.04.
Should the shares continue to fall, we are monitoring the next support pivots of $44.81 and $44.21. Also, the shares are currently trading below the 50-day moving average of $48.19 and below the 200-day moving average of $46.35.
Molson Canadian Named "Official Beer of the NHL" in New Landmark League Deal
The National Hockey League (NHL) today announced a major agreement with brewers Molson Coors (NYSE: TAP) in Canada and MillerCoors in the U.S., awarding flagship brand Molson Canadian exclusive League rights in the beer sponsorship category, including the rights to the Official Beer of the NHL(R) designation, beginning with the 2011-12 NHL season. The deal will span seven years.
Molson Coors Brewing Company Announces Regular Quarterly Dividend
View more recent headlinesMolson Coors Brewing Company (MCBC) (NYSE: TAP) today declared a regular
quarterly dividend of US$0.28 per share, payable on March 15, 2011, to
shareholders of record on February 28, 2011. The quarterly dividend is
payable to holders of Class A and Class B common stock of Molson Coors
Brewing Company. In addition, Molson Coors Canada Inc. (TSX: TPX.B,
TPX.A), a wholly owned subsidiary of MCBC, declared a quarterly dividend
of approximately CDN$0.28 (the Canadian dollar equivalent of the
dividend declared on Molson Coors stock), payable March 15, 2011, to its
Class A and Class B exchangeable shareholders of record on February 28,
2011.
Company Background
Molson Coors Brewing Company (MCBC) is a holding company. Its operating subsidiaries include Coors Brewing Company (CBC), operating in the United States prior to the formation of MillerCoors LLC (MillerCoors); Molson Coors Brewing Company (UK) Limited (MCBC-UK), operating in the United Kingdom; Molson Coors Canada (MCC), operating in Canada, and other corporate entities. The Company operates in four segments: Canada, the United States, the United Kingdom and Molson Coors International (MCI). MCBC has a portfolio of more than 65 strategic and partner brands, including signature brands Coors Light, Molson Canadian and Carling, which are positioned to meet a range of consumer segments and occasions. In June 2010, the Company launched Coors Light in Russia. Coors Light in 330 milliliter bottles will be available in supermarkets, grocery stores, convenience stores, as well as selected bars and neighbourhood stores across the Moscow region.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 45.14 | Previous Close 44.98 |
Day High 45.14 | Day Low 44.67 |
52wk High/Date 51.11 / 12/23/2010 | 52wk Low/Date 39.89 / 5/25/2010 |
Beta 0.74 | Market Capitalization 7.26B |
Shares Outstanding 162.04M | Volatility Avg 18.82 |
Avg Vol(10 day) 1.51M | P/E Ratio 12.6x |
EPS (TTM) 3.56 | Annualized Rate -- / -- |
Yield 2.5% | Dividend Announcement 2/17/2011 |
Ex-Date 2/24/2011 | Date of Record 2/28/2011 |
Payable 0.28 - QRTR | Payable Date 3/15/2011 |
Last Trade as of 2/24/2011 11:35 AM ET | |
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TAP Molson Coors Brewing Co vs. Peers
| Peers | |
TAP Molson Coors Brewing Co | -9.8% |
| SAM The Boston Beer Company, Inc. | -6.0% |
| STZ Constellation Brands, Inc. | -7.9% |
TAP Molson Coors Brewing Co | 2.5% |
| SAM The Boston Beer Company, Inc. | -- |
| STZ Constellation Brands, Inc. | -- |
TAP Molson Coors Brewing Co | -0.3% |
| SAM The Boston Beer Company, Inc. | 2.0% |
| STZ Constellation Brands, Inc. | -0.9% |