Monster Beverage (NASDAQ:MNST) Issues Earnings Results

Monster Beverage (NASDAQ:MNST - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01), Briefing.com reports. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.90 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded down $0.15 on Thursday, reaching $53.39. The company's stock had a trading volume of 6,283,014 shares, compared to its average volume of 5,411,268. The company has a 50-day simple moving average of $56.88 and a 200 day simple moving average of $55.75. Monster Beverage has a 52-week low of $47.13 and a 52-week high of $61.22. The company has a market cap of $55.62 billion, a P/E ratio of 34.57, a PEG ratio of 2.19 and a beta of 0.74.

Analysts Set New Price Targets

MNST has been the subject of a number of recent research reports. HSBC cut their price target on Monster Beverage from $72.00 to $68.00 and set a "buy" rating for the company in a research note on Wednesday, March 6th. Citigroup lifted their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered Monster Beverage from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. Morgan Stanley lifted their target price on Monster Beverage from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $61.68.

Insider Activity

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares of the company's stock, valued at $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.40% of the company's stock.

Monster Beverage 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.