TAP

Molson Coors Brewing Co

Consumer


Presented:01/13/2016
Price:$87.59
Cap:$16.29B
Current Price:$54.49
Cap:$11.29B

Presented

Date01/13/2016
Price$87.59
Market Cap$16.29B
Ent Value$18.07B
P/E Ratio38.93x
Book Value$39.17
Div Yield1.87%
Shares O/S186.00M
Ave Daily Vol2,038,569
Short Int2.45%

Current

Price$54.49
Market Cap$11.29B
Molson Coors Brewing Co. produces and sells beer. It brews, markets and sells a portfolio of brands such as Coors Light, Molson Canadian, Carling, Blue Moon, and Keystone Light across the Americas, Europe and Asia. The company operates through the following segments: Canada, the United States, Europe and Molson Coors International. It operates in Canada through Molson Coors Canada, in the United States through MillerCoors LLC, in Europe through Molson Coors Europe and Molson Coors International operating in various other countries. The company also markets and sells its brands, which include Coors, Coors 1873, Coors Extra, Coors Gold, Iceberg 9000, King Cobra, Royal Brew, and Zima. in various international markets. Molson Coors Brewing was founded in 1873 and is headquartered in Denver, CO.

Publicly traded companies mentioned herein: Anheuser Busch Inbev SA (BUD), Heineken NV (HEIA NA), Molson Coors Brewing Company (TAP), SABMiller plc (SAB LN)

Highlights

The presenter is long shares of Molson Coors (TAP), stating the name is currently “curiously” underfollowed by the Street given the large opportunities created from the Anheuser-Busch InBev (ABI)-SABMiller deal. He believes there are a large number of synergies to be had if TAP can successfully acquire the remaining 58% of the MillerCoors JV that will be available if ABI-SABMiller goes through. If his estimates prove correct, TAP shares could be worth as much as $140 by the end of 2017 and $200 in 5 years.

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