Evercore Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Key Points

• Evercore raised Monster Beverage’s price target from $95 to $105 and maintained an “outperform” rating, implying approximately 11.5% upside. Analysts overall give the stock a “Moderate Buy” consensus with an average target of $95.15.
• Monster reported a strong quarter, with EPS of $0.60 beating the $0.58 estimate and revenue of $2.50 billion exceeding the $2.43 billion consensus. Revenue grew 20.2% year over year, supported by international expansion and renewed momentum in its core energy-drink business.
• MNST is scheduled for a 2-for-1 stock split before the market opens on August 11, while the company has authorized a $500 million buyback. However, its elevated valuation— including a P/E above 45 and PEG ratio above 3—remains a risk if growth slows.

Monster Beverage (NASDAQ:MNST - Get Free Report) had its price objective increased by equities researchers at Evercore from $95.00 to $105.00 in a note issued to investors on Friday. The brokerage presently has an "outperform" rating on the stock. Evercore's price objective would suggest a potential upside of 11.51% from the stock's current price.

MNST has been the topic of a number of other research reports. Royal Bank Of Canada restated an "outperform" rating and set a $97.00 price target on shares of Monster Beverage in a research note on Wednesday. TD Cowen raised their target price on shares of Monster Beverage from $90.00 to $95.00 and gave the stock a "hold" rating in a research report on Wednesday, July 8th. Citigroup downgraded shares of Monster Beverage from a "buy" rating to a "positive" rating in a research report on Monday, July 20th. Sanford C. Bernstein initiated coverage on shares of Monster Beverage in a research report on Friday, June 12th. They set a "market perform" rating and a $95.00 price objective on the stock. Finally, Rothschild & Co Redburn upgraded shares of Monster Beverage from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $90.00 in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.15.

Monster Beverage Stock Down 0.3%

Shares of Monster Beverage stock opened at $94.16 on Friday. The firm has a market capitalization of $92.09 billion, a P/E ratio of 45.49, a P/E/G ratio of 3.07 and a beta of 0.53. Monster Beverage has a 52 week low of $59.80 and a 52 week high of $100.34. The firm's 50 day moving average is $94.29 and its two-hundred day moving average is $84.71.

Monster Beverage's stock is set to split before the market opens on Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly created shares will be payable to shareholders after the closing bell on Monday, August 10th.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company's revenue was up 20.2% compared to the same quarter last year. As a group, research analysts expect that Monster Beverage will post 2.31 earnings per share for the current fiscal year.

Monster Beverage declared that its board has initiated a stock buyback program on Friday, May 15th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 54,000 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the transaction, the director directly owned 299,246 shares of the company's stock, valued at $25,678,299.26. This trade represents a 15.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the sale, the chief financial officer owned 62,553 shares in the company, valued at approximately $5,492,778.93. The trade was a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 178,700 shares of company stock valued at $15,457,562. Company insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On Monster Beverage

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System increased its holdings in shares of Monster Beverage by 3.4% in the 4th quarter. New York State Teachers Retirement System now owns 637,066 shares of the company's stock valued at $48,844,000 after acquiring an additional 21,169 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Monster Beverage by 6.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company's stock worth $15,173,000 after buying an additional 12,050 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Monster Beverage by 7.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,605,873 shares of the company's stock valued at $122,303,000 after buying an additional 116,510 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Monster Beverage by 7,360.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company's stock valued at $474,695,000 after buying an additional 6,108,420 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Monster Beverage by 17.9% during the fourth quarter. Assetmark Inc. now owns 511,000 shares of the company's stock worth $39,178,000 after acquiring an additional 77,527 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Q2 results exceeded expectations: Monster reported earnings of $0.60 per share versus the $0.58 consensus estimate and revenue of $2.50 billion, ahead of expectations for $2.43 billion. Revenue increased 20.2% year over year, while EPS rose from $0.52 in the prior-year quarter. Monster Beverage earnings results
• Positive Sentiment: International expansion is driving growth: Reports highlighted strong demand outside the United States as a key contributor to the 20% sales increase. Continued global energy-drink demand provides a potential avenue for further revenue growth. Monster Beverage sales rise on international growth
• Positive Sentiment: Core business momentum remains strong: Coverage emphasized renewed strength in Monster’s flagship energy-drink portfolio, supporting the view that growth is not solely dependent on newer product categories. Monster core energy-drink growth
• Neutral Sentiment: Pricing and investor updates: Monster outlined selective pricing actions for the fourth quarter of 2026 and scheduled an investor meeting for December 1. Pricing could support revenue and margins, but management’s selective approach suggests it is balancing pricing benefits against consumer demand and competitive conditions. Monster pricing actions and investor meeting
• Negative Sentiment: Valuation remains a risk: Despite the earnings beat, MNST trades at a relatively elevated valuation, with a P/E ratio above 45 and a PEG ratio above 3. Continued strong growth may already be reflected in the share price, leaving limited room for disappointment.

About Monster Beverage

Monster Beverage Corporation NASDAQ: MNST is an American beverage company best known for its Monster Energy brand of energy drinks. The company's product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen's Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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