TAP

MOLSON COORS BEVERAGE CO

Ticker: TAPConsumer StaplesFood ProductsS&P 500
HQ GOLDEN, COCIK 24545FY end 12-31Book / share $53.66Shares 189M
Revenue (FY)
$11.14B-4.18%
TTM $11.08B
Op. margin
-20.98%-36.05%
TTM -22.71%
Net income
$-2.18B-288.32%
TTM $-2.36B
Operating cash
$1.78B-6.59%
TTM $1.98B
Free cash flow
$1.07B-13.62%
TTM $1.33B
Return on equity
19.50%+10.93%
TTM -22.79%
Debt / equity
0.62+0.15%
TTM 0.76
Shares outstanding
199.1M-5.15%
TTM 188.6M

The business

Molson Coors Beverage Company (NYSE: TAP, TSX: TPX) operates as a leading global brewer with a heritage spanning more than two centuries. The company's website is www.molsoncoors.com. The company produces a diverse portfolio of beer and beverage products designed to appeal to a wide range of consumer tastes, styles and price preferences across multiple price segments including above premium, premium and value categories.

The company's core business encompasses the production, marketing, distribution and sales of owned brands, partner brands and licensed brands across two primary reportable segments: the Americas and EMEA&APAC. The Americas segment operates nine primary breweries, three craft breweries and two container operations across the United States, Canada and various Latin American countries. The EMEA&APAC segment operates ten primary breweries, three craft breweries and one cidery across Europe, the Middle East, Africa and Asia Pacific regions, with the United Kingdom representing over fifty-five percent of segment net sales.

Molson Coors maintains a portfolio of iconic brands including Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko as core premium offerings, alongside above premium brands such as Blue Moon Belgian White, Madrí Excepcional and Staropramen. The company has expanded beyond traditional beer through partnerships and agreements involving flavored beverages like Vizzy Hard Seltzer, spirits, non-alcoholic beverages and energy drinks, including brands such as Simply Spiked, ZOA Energy and Fever-Tree.

As of December 31, 2025, the company employed approximately 16,200 employees globally, with major employee centers in the United States, Canada, the United Kingdom and Romania. Approximately twenty-seven percent of the Americas workforce and twenty-five percent of the EMEA&APAC workforce are represented by trade unions subject to collective bargaining agreements.

The company operates through a three-tier distribution system in the United States utilizing a national network of independent distributors and one company-owned distributor. In Canada, distribution varies by province through government-regulated channels. In Europe, the company employs both two-tier and three-tier distribution systems depending on the country. The company is among the top five global brewers worldwide and competes directly with major international brewers including Anheuser-Busch InBev, Heineken, Carlsberg and Constellation Brands.

Sector
Consumer Staples
Industry
Food Products
HQ
GOLDEN, CO
FY end
12-31
CIK
24545
SIC
2082
Financial performance · annual
20132025
$-3.76B$455.70M$4.67B$8.89B$13.11B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds MOLSON COORS BEVERAGE CO — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

543
funds hold it
2 of 35
superinvestors hold it
$3.40B
fund-held value
6
bond issues held by funds

Top fund holders

Fund% of fundValue
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
0.46%$543.20M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$195.34M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%$161.86M
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
0.18%$160.35M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%$141.00M

Superinvestors in MOLSON COORS BEVERAGE CO

Prem WatsaINCREASED +38.7%
Fairfax Financial Holdings
2.9%
Tweedy BrowneINCREASED +40.8%
Tweedy, Browne
0.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 6 issues of MOLSON COORS BEVERAGE CO's debt, $895.94M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.84%, maturing 20262046.

IssueCouponMaturesFundsFund-held
TAP 3 07/15/263.000%2026-07-1540$498.92M
MOLSON COORS5.500%2036-07-0853$122.39M
Molson Coors Beverage Co.4.200%2046-07-1560$96.01M
MOLSON COORS4.900%2031-07-0845$90.45M
MOLSON COORS5.000%2042-05-0152$77.29M
MOLSON COORS3.800%2032-06-153$10.87M

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of MOLSON COORS BEVERAGE CO's financials

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