A Stock With Stellar Fundamentals? Monster Beverage Corp. (NASDAQ:MNST): Is It Right For You?

In yesterday’s Wall Street session, Monster Beverage Corp. (NASDAQ:MNST) shares traded at $54.79, down -0.56% from the previous session.

As of this writing, 23 analysts cover Monster Beverage Corp. (NASDAQ:MNST). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $69.02 and a low of $57.00, we find $62.00. Given the previous closing price of $55.10, this indicates a potential upside of 12.52 percent. MNST stock price is now 3.56% away from the 50-day moving average and -0.18% away from the 200-day moving average. The market capitalization of the company currently stands at $57.01B.

There are 6 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $62.07 as their price target over the next twelve months.

With the price target of $65, Jefferies recently initiated with Buy rating for Monster Beverage Corp. (NASDAQ: MNST).

In other news, Demel Ana, Director sold 116 shares of the company’s stock on Aug 21. The stock was sold for $6,640 at an average price of $57.24. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, Director HALL MARK J sold 56,202 shares of the business’s stock. A total of $3,305,240 was realized by selling the stock at an average price of $58.81. This leaves the insider owning 1,027,840 shares of the company worth $56.32 million. Insiders disposed of 3,119,753 shares of company stock worth roughly $170.93 million over the past 1 year. A total of 28.13% of the company’s stock is owned by insiders.

Friday morning saw Monster Beverage Corp. (NASDAQ: MNST) opened at $54.93. During the past 12 months, Monster Beverage Corp. has had a low of $47.13 and a high of $60.47. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.51, and a quick ratio of 3.76. According to the stock market information, the enterprise value for the company is $54.00B, which is based on a 37.08 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for MNST is $52.88 and a two-hundred day moving average price translates $54.91 for the stock.

The latest earnings results from Monster Beverage Corp. (NASDAQ: MNST) was released for Sep, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.4 by 0.01. This compares to $0.30 EPS in the same period last year. The net profit margin was 22.62% and return on equity was 21.32% for MNST. The company reported revenue of $1.86 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.27 percent. For the current quarter, analysts expect MNST to generate $1.76B in revenue.

Monster Beverage Corp.(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.