Stocks of Monster Beverage Corp. (NASDAQ:MNST) traded higher last session on Wall Street, down -0.90% to $60.30.
MNST stock price is now 5.87% away from the 50-day moving average and 7.75% away from the 200-day moving average. The market capitalization of the company currently stands at $62.75B.
On February 29, 2024, UBS reiterated its ‘Neutral’ rating on the stock by increasing its target price from $62 to quote $63, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, HALL MARK J, Director sold 659,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $38,584,450 at an average price of $58.55. Upon completion of the transaction, the Director now directly owns 777,840 shares in the company, valued at $46.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, President of EMEA Carling Guy sold 34,553 shares of the business’s stock. A total of $1,919,419 was realized by selling the stock at an average price of $55.55. A total of 27.88% of the company’s stock is owned by insiders.
During the past 12 months, Monster Beverage Corp. has had a low of $47.13 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.81, and a quick ratio of 3.97. According to the stock market information, the enterprise value for the company is $59.92B, which is based on a 39.12 price-to-earnings ratio, a 2.70 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for MNST is $56.99 and a two-hundred day moving average price translates $55.97 for the stock.
The latest earnings results from Monster Beverage Corp. (NASDAQ: MNST) was released for Dec, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.38, inline with analysts’ expectations of $0.38. This compares to $0.28 EPS in the same period last year. The net profit margin was 22.84% and return on equity was 21.38% for MNST. The company reported revenue of $1.73 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.35 percent. For the current quarter, analysts expect MNST to generate $1.92B 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: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, 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, mass merchandisers, convenience chains, food service customers, value stores, e-commerce retailers, 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 Tour Water, Fury, Monster MAXX, Caffe Monster, Monster Hydro, Monster HydroSport Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, Reign Storm, Bang Energy, 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.
