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Stock impact report

Molson Coors Downgrade Tests Beer Outlook And Ready To Drink Push [Yahoo! Finance]

Molson Coors Beverage Company Class B (TAP) 
Last molson coors beverage company class b earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Molson Coors Beverage (NYSE:TAP) was downgraded to Underperform after reporting a weak quarter and ongoing pressure on beer volumes. The company is expanding its Topo Chico Hard Margarita line, aiming to tap into demand for premium ready to drink alcoholic beverages. The downgrade highlights concern about earnings sensitivity to high fixed costs at a time of softer volumes. For you as an investor, the rare Underperform call on Molson Coors comes after a tough stretch for the stock, with shares at $47.51 and a 1 year return of a 20.6% decline. Over the past week the share price has moved 6.5% lower, while the 30 day return shows a 3.3% decline, pointing to mounting concern around current performance. That sits against a longer 5 year return of 21.4%, which reflects a different picture over a multi year view. The launch of new Topo Chico Hard Margarita flavors po Show less Read more
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