In yesterday’s Wall Street session, Monster Beverage Corporation (NASDAQ:MNST) shares traded at $59.68, down -0.28% from the previous session.
As of this writing, 25 analysts cover Monster Beverage Corporation (NASDAQ:MNST). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $55.00, we find $62.00. Given the previous closing price of $59.85, this indicates a potential upside of 3.59 percent. MNST stock price is now 9.92% away from the 50-day moving average and 19.94% away from the 200-day moving average. The market capitalization of the company currently stands at $62.65B.
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There are 9 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $62.04 as their price target over the next twelve months.
In other news, KELLY THOMAS J, Chief Financial Officer sold 93,192 shares of the company’s stock on May 12. The stock was sold for $5,536,537 at an average price of $59.41. Upon completion of the transaction, the Chief Financial Officer now directly owns 60,056 shares in the company, valued at $3.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Director VIDERGAUZ MARK sold 4,000 shares of the business’s stock. A total of $236,520 was realized by selling the stock at an average price of $59.13. This leaves the insider owning 93,270 shares of the company worth $5.57 million. Insiders disposed of 347,811 shares of company stock worth roughly $20.76 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MNST stock. A new stake in Monster Beverage Corporation shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $137,882,000. WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC invested $97,668,000 in shares of MNST during the first quarter. In the first quarter, ZURICH INSURANCE GROUP LTD/FI acquired a new stake in Monster Beverage Corporation valued at approximately $85,604,000. ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in MNST for approximately $73,558,000. ADAMS DIVERSIFIED EQUITY FUND, INC. purchased a new stake in MNST valued at around $18,015,000 in the second quarter. In total, there are 1,221 active investors with 69.00% ownership of the company’s stock.
During the past 12 months, Monster Beverage Corporation has had a low of $41.95 and a high of $60.47. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.80, and a quick ratio of 3.80. According to the stock market information, the enterprise value for the company is $59.44B, which is based on a 39.71 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for MNST is $54.47 and a two-hundred day moving average price translates $49.82 for the stock.
The latest earnings results from Monster Beverage Corporation (NASDAQ: MNST) was released for Mar, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.38, beating analysts’ expectations of $0.34 by 0.04. This compares to $0.27 EPS in the same period last year. The net profit margin was 18.70% and return on equity was 17.60% for MNST. The company reported revenue of $1.7 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.88 percent. For the current quarter, analysts expect MNST to generate $1.86B in revenue.
Monster Beverage Corporation(MNST) Company Profile
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to full service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Muscle Monster, Espresso Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, and Fury brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.
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