Molson Coors Brewing Company (TAP) rose by 3.6% and closed at $100.20 per share at the end of the fourth week of May 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 3.6%, 4.7%, and 7.2%, respectively. This means that Molson Coors Brewing Company is trading 1.9% above its 20-day moving average, 3.9% above its 50-day moving average, and 14.0% above its 200-day moving average.
Related ETFs and peers
The iShares Dow Jones US Consumer Goods Sector Index Fund (IYK) invests 0.81% of its holdings in Molson Coors Brewing Company. IYK tracks a market-cap-weighted index of stocks in the US consumer goods sector. IYK’s YTD price movement was 4.7% as of May 27, 2016.
The Vanguard Large-Cap ETF (VV) invests 0.05% of its holdings in Molson Coors Brewing Company. VV tracks a market-cap-weighted index that covers 85% of the market capitalization of the US equity market.
The market caps of Molson Coors Brewing Company’s competitors are as follows:
Molson Coors declared a dividend
Molson Coors Brewing Company declared a regular quarterly dividend of $0.41 per share on its Class A and Class B common stock. The dividend will be paid on June 16, 2016, to shareholders of record at the close of business on June 6, 2016.
Molson Coors Canada declared a quarterly dividend of ~$0.53 Canadian dollars per share. The dividend will be paid on June 16, 2016, to its Class A and Class B exchangeable shareholders of record at the close of business on June 6, 2016.
Performance in fiscal 1Q16
Molson Coors reported fiscal 1Q16 net sales of $657.2 million—6.1% lower than $700.0 million in fiscal 1Q15. The company’s cost of goods sold as a percentage of net sales fell by 3.1% and its operating income rose to 94.2% in fiscal 1Q16—compared to fiscal 1Q15.
Its net income and EPS (earnings per share) rose to $158.8 million and $0.78, respectively, in fiscal 1Q16—compared to $81.1 million and $0.43, respectively, in fiscal 1Q15.
The company’s accounts receivable and inventories rose by 7.5% and 28.5%, respectively, in fiscal 1Q16—compared to fiscal 4Q15. It reported cash and cash equivalents of ~$2.6 billion in fiscal 1Q16—compared to $430.9 million in fiscal 4Q15. Its current ratio rose to 3.1x and its DE (debt-to-equity) ratio fell to 0.53x in fiscal 1Q16—compared to a current ratio and DE ratio of 1.0x and 0.74x, respectively, in fiscal 4Q15.
In the next part, we’ll take a look at Hormel Foods (HRL).