5 Best Liquor Stocks to Buy Now

2. Molson Coors Beverage Company (NYSE:TAP)

Number of Hedge Fund Holders: 36

Molson Coors Beverage Company (NYSE:TAP) is a Chicago, Illinois-based developer, producer, and distributor of beer and other beverage products.

During Q2 2022, Molson Coors Beverage Company (NYSE:TAP) was able to outperform the broader industry in the Canada, UK, and US region. The company observed sales growth in the premium and the cheaper beer category. Furthermore, Molson Coors Beverage Company (NYSE:TAP) reported that its sales had reached 93% of the pre-pandemic levels due to the company’s “above-premium” brands. Molson Coors Beverage Company (NYSE:TAP) believes that it has the right mix of brands under its portfolio to compete and win across multiple segments in the future.

Of the 912 hedge funds being tracked by Insider Monkey, Molson Coors Beverage Company (NYSE:TAP) was held by 36 funds as of Q1 2022.