In yesterday’s Wall Street session, Monster Beverage Corp (NASDAQ:MNST) shares traded at $54.14, down -1.08% from the previous session.
MNST stock price is now 4.74% away from the 50-day moving average and 2.52% away from the 200-day moving average. The market capitalization of the company currently stands at $52.46B.
With the price target enhanced from $55 to $57, UBS maintained Neutral rating for Monster Beverage Corp (NASDAQ: MNST). On November 08, 2024, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $57 to quote $59, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, VIDERGAUZ MARK, Director sold 15,077 shares of the company’s stock on Jun 11 ’24. The stock was sold for $781,801 at an average price of $51.85. Upon completion of the transaction, the Director now directly owns 68,167 shares in the company, valued at $3.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Director HALL MARK J sold 235,908 shares of the business’s stock. A total of $12,503,124 was realized by selling the stock at an average price of $53.00. This leaves the insider owning 296,846 shares of the company worth $16.07 million. A total of 28.75% of the company’s stock is owned by insiders.
During the past 12 months, Monster Beverage Corp has had a low of $43.32 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.13, and a quick ratio of 2.51. According to the stock market information, the enterprise value for the company is $51771944960, which is based on a 34.78 price-to-earnings ratio, a 2.93 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for MNST is $51.6906 and a two-hundred day moving average price translates $52.8099 for the stock.
The latest earnings results from Monster Beverage Corp (NASDAQ: MNST) was released for 2024-09-30. The net profit margin was 21.66% and return on equity was 23.52% for MNST. The company reported revenue of $1.9 billion for the quarter, compared to $1.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.46 percent.
