molson coors
Toronto symbol TPX.A, Toronto symbol TPX.B and New York symbol TAP, is the world’s fifth-largest brewer by volume. It operates mainly in the United States, Canada and Europe.
MOLSON COORS BEVERAGE CO. $43 (www.molsoncoors.com) is a hold. The beer brewer continues to cut costs in the face of declining sales. It now plans to cut 9% of its workforce in Canada, the U.S. and Latin America by the end of 2026. The company expects to pay between $35 million and $50 million in severance and other costs.
The U.S. Supreme Court struck down President Donald Trump’s use of emergency powers to arbitrarily impose new tariffs on individual countries. Still, product-specific global tariffs on steel (50%), aluminum (50%), automobiles (25%) and lumber (about 35%) continue to impact Canada.
Now, the United States, Mexico and Canada are undertaking the required review of their free trade agreement this year. Even if the pact remains largely intact, it is unlikely to eliminate all those tariffs.
Now, the United States, Mexico and Canada are undertaking the required review of their free trade agreement this year. Even if the pact remains largely intact, it is unlikely to eliminate all those tariffs.
MOLSON COORS BEVERAGE CO. $41 is a hold. The beer brewer (New York symbol TAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 187.9 million; Market cap: $7.7 billion; Price-to-sales ratio: 0.7; Dividend yield: 4.7%; TSINetwork Rating: Average; www.molsoncoors.com) has agreed to pay an undisclosed amount for Atomic Brands, which makes ready-to-drink cocktails under the Monaco Cocktails brand.
Molson Coors Canada Inc. is just a hold for now due to headwinds including tariffs that offset the solid 3.7% dividend and cheap valuation.
Molson Coors offers a solid yield at a cheap valuation but the low-price reflects skepticism about growth even as it diversifies away from beer.
Molson Coors Canada now yields 3.1% while earnings rise on cost-cutting, but its growth prospects are challenging.
DEFINITY FINANCIAL CORP., $54.14, symbol DFY on Toronto, is the name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance. It is one of the country’s leading property and casualty insurance companies.
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Ball Corp. keeps growing earnings despite a recent revenue drop as it uses a recent asset sale to pay down debt, buy back shares and invest in core initiatives.
Concerns remain about competition despite Molson Coors offering a decent yield and a share buyback program to bolster rising revenues and earnings.
A: Ball Corp., $57.92, symbol BALL on New York (Shares outstanding: 315.3 million; Market cap: $18.1 billion; www.ball.com), makes metal packaging for the beverage, food and consumer-products industries....