About Monster Beverage Corporation (NASDAQ:MNST)
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen's, Hansen's Natural Cane Soda, Junior Juice, Blue Sky, Hubert's, Worx Energy and Peace Tea. The company has two segments, Direct Store Delivery (DSD), whose principal products comprise energy drinks, and Warehouse (Warehouse), whose principal products comprise juice-based and soda beverages. The DSD segment develops, markets and sells products primarily through an exclusive distributor network, whereas the Warehouse segment develops, markets and sells products primarily direct to retailers.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Beverages - Soft Drinks
- Sub-Industry: Soft Drinks
- Symbol: NASDAQ:MNST
- CUSIP: 61174010
- Web: www.monsterbevcorp.com
- Market Cap: $31.81179 billion
- Outstanding Shares: 568,169,000
- 50 Day Moving Avg: $55.88
- 200 Day Moving Avg: $51.59
- 52 Week Range: $40.64 - $57.25
Sales & Book Value:
- Trailing P/E Ratio: 42.71
- Foreward P/E Ratio: 33.02
- P/E Growth: 1.92
- Annual Revenue: $3.19 billion
- Price / Sales: 10.06
- Book Value: $6.65 per share
- Price / Book: 8.49
- EBITDA: $1.28 billion
- Net Margins: 23.98%
- Return on Equity: 22.96%
- Return on Assets: 18.50%
- Current Ratio: 3.35%
- Quick Ratio: 3.01%
- Average Volume: 1.84 million shs.
- Beta: 1.02
- Short Ratio: 4.24
Frequently Asked Questions for Monster Beverage Corporation (NASDAQ:MNST)
What is Monster Beverage Corporation's stock symbol?
Monster Beverage Corporation trades on the NASDAQ under the ticker symbol "MNST."
When did Monster Beverage Corporation's stock split? How did Monster Beverage Corporation's stock split work?
Shares of Monster Beverage Corporation split on Thursday, November 10th 2016. The 3-1 split was announced on Friday, October 14th 2016. The newly created shares were distributed to shareholders after the market closes on Wednesday, November 9th 2016. An investor that had 100 shares of Monster Beverage Corporation stock prior to the split would have 300 shares after the split.
How will Monster Beverage Corporation's stock buyback program work?
Monster Beverage Corporation declared that its board has initiated a stock buyback program on Tuesday, April 11th 2017, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 28% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
How were Monster Beverage Corporation's earnings last quarter?
Monster Beverage Corporation (NASDAQ:MNST) announced its earnings results on Tuesday, August, 8th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by $0.01. The business earned $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. View Monster Beverage Corporation's Earnings History.
When will Monster Beverage Corporation make its next earnings announcement?
Where is Monster Beverage Corporation's stock going? Where will Monster Beverage Corporation's stock price be in 2017?
13 equities research analysts have issued 1-year price targets for Monster Beverage Corporation's stock. Their forecasts range from $42.00 to $65.00. On average, they expect Monster Beverage Corporation's share price to reach $57.15 in the next twelve months. View Analyst Ratings for Monster Beverage Corporation.
What are analysts saying about Monster Beverage Corporation stock?
Here are some recent quotes from research analysts about Monster Beverage Corporation stock:
- 1. According to Zacks Investment Research, "Monster Beverage’s earnings missed the Zacks Consensus Estimate by 2.5% but increased 28.6% year over year on higher sales. The international segment posted strong results and looks well positioned for the days ahead. The company has several new products lined up for the remaining of 2017 which is expected to boost sales. The company successfully launched or transitioned Monster Energy Drinks to Coca-Cola bottlers in a number of markets in the quarter and expects further transitions and launches in the second half of the year. However, operating expenses continue to rise. Results were also hurt by unfavorable currency rates which dented quarterly net sales by $8.3 million." (8/10/2017)
- 2. Jefferies Group LLC analysts commented, "We lift our PT to $63 following MNST’s solid 1Q results as the co. continues to deliver peer-leading org sales growth (+9.5% in qtr) in a tough env’t. LT story here is very much intact with a long runway in intl. (30% FX neutral in 1Q) and US results improving after soft Dec-Feb. Our FY17-19 EPS est. are little changed, though at 17x ’18e EV/EBITDA (16% prem. to KO/PEP), MNST still has room to re-rate vs. hist. ~35% avg. prem. to peers. MNST remains a top pick. MNST posted a solid 1Q as the co. delivered 9.5% org sales growth, 255 bps of GM% expansion, and 22% adj. EPS growth (all items adj. for deferred revenue and distributor termination costs). Though results fell modestly short of consensus (-1% net sales/gross profit misses, adj. EPS of $0.32 was $0.01 below Street), the co." (5/5/2017)
- 3. BMO Capital Markets analysts commented, "We do not know what the story is other than cost-cutting at this point." (4/27/2017)
- 4. Cowen and Company analysts commented, "MNST delivered adjusted 4Q16 EPS of $0.35 ($0.30 reported), which was 5 cents above our estimate (as well as consensus). The beat was driven by upside within the international segment, upside to operating margins and a lower effective tax rate. Raising price target to $60; Maintain Outperform." (3/3/2017)
- 5. Stifel Nicolaus analysts commented, "We reduce our 2017 and 2018 EPS estimates to $1.46 (was $1.52, consensus $1.48) and $1.68 (was $1.76, consensus $1.69), respectively, reflecting lower expected sales growth in the U.S., modestly increased spending and deleverage on lower absolute sales, and updated FX rates. We now estimate y/y growth of 9.8% (was 12.4%) in 2017, 7.1% in 1H17 (consensus 9.6%) and 12.5% in 2H17 (consensus 10.9%), and continue to estimate 10.2% growth in 2018. We anticipate operating margin expansion of 120bps y/y to 39.2%, compared to 200bps previously. We believe MNST shares could be volatile around year end results, to be reported after market close on March 1, 2017, and would recommend more aggressive buying on weakness, all else being equal." (2/27/2017)
Who are some of Monster Beverage Corporation's key competitors?
Some companies that are related to Monster Beverage Corporation include Mondelez International (MDLZ), Heineken NV (HEINY), Danone (DANOY), Constellation Brands (STZ), Kimberly-Clark Corporation (KMB), Estee Lauder Companies, Inc. (The) (EL), Imperial Brands PLC (IMBBY), Pernod Ricard SA (PDRDY), Associated British Foods plc (ASBFY), Fomento Economico Mexicano S.A.B. de C.V. (FMX), Henkel AG & Co. (HENKY), Kao Corp. (KCRPY), General Mills (GIS), Sysco Corporation (SYY), Tyson Foods (TSN), Ahold NV (ADRNY), Archer-Daniels-Midland Company (ADM) and Hershey Company (The) (HSY).
Who owns Monster Beverage Corporation stock?
Monster Beverage Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.09%), State Treasurer State of Michigan (0.02%), Mutual of America Capital Management LLC (0.01%), Fulton Bank N.A. (0.00%), Oakbrook Investments LLC (0.00%) and Douglas Lane & Associates LLC (0.00%). Company insiders that own Monster Beverage Corporation stock include Harold C Taber Jr, Hilton H Schlosberg, Mark J Hall, Rodney C Sacks, Sydney Selati and Thomas J Kelly. View Institutional Ownership Trends for Monster Beverage Corporation.
Who sold Monster Beverage Corporation stock? Who is selling Monster Beverage Corporation stock?
Monster Beverage Corporation's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Fulton Bank N.A.. Company insiders that have sold Monster Beverage Corporation stock in the last year include Harold C Taber Jr, Mark J Hall and Sydney Selati. View Insider Buying and Selling for Monster Beverage Corporation.
Who bought Monster Beverage Corporation stock? Who is buying Monster Beverage Corporation stock?
Monster Beverage Corporation's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Quantitative Systematic Strategies LLC, Skylands Capital LLC, Sabal Trust CO, Douglas Lane & Associates LLC, Oakbrook Investments LLC and Mutual of America Capital Management LLC. View Insider Buying and Selling for Monster Beverage Corporation.
How do I buy Monster Beverage Corporation stock?
Shares of Monster Beverage Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Monster Beverage Corporation's stock price today?
MarketBeat Community Rating for Monster Beverage Corporation (NASDAQ MNST)MarketBeat's community ratings are surveys of what our community members think about Monster Beverage Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Monster Beverage Corporation stock can currently be purchased for approximately $56.46.
Consensus Ratings for Monster Beverage Corporation (NASDAQ:MNST) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.77)|
|Consensus Price Target: ||$57.15 (1.23% upside)|Consensus Price Target History for Monster Beverage Corporation (NASDAQ:MNST)
Analysts' Ratings History for Monster Beverage Corporation (NASDAQ:MNST)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Citigroup Inc.||Set Price Target||Buy||$60.00||N/A|
|10/13/2017||Jefferies Group LLC||Reiterated Rating||Buy||$65.00||N/A|
|9/23/2017||Stifel Nicolaus||Reiterated Rating||Buy||$57.00||Medium|
|9/22/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$61.00||Low|
|9/14/2017||Macquarie||Initiated Coverage||Outperform -> Outperform||$65.00||Medium|
|9/8/2017||Credit Suisse Group||Downgrade||Hold||Low|
|9/6/2017||BMO Capital Markets||Reiterated Rating||Buy||$58.00||Low|
|8/7/2017||Susquehanna Bancshares Inc||Reiterated Rating||Hold||$45.00 -> $42.00||Low|
|7/14/2017||Cowen and Company||Reiterated Rating||Buy||$58.00||Low|
|6/16/2017||Goldman Sachs Group Inc||Reiterated Rating||Buy||$57.00||Low|
|5/15/2017||Morgan Stanley||Reiterated Rating||Overweight||$58.00||N/A|
|4/2/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||$45.00||Low|
|3/21/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight -> Overweight||$56.00||Low|
|4/15/2016||Bank of America Corporation||Reiterated Rating||Neutral||N/A|
|2/26/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$51.67 -> $43.33||N/A|
|1/13/2016||Evercore ISI||Reiterated Rating||Buy||$55.00||N/A|
|11/10/2015||Argus||Boost Price Target||Buy||$54.67 -> $56.67||N/A|
Earnings History for Monster Beverage Corporation (NASDAQ:MNST)Earnings History by Quarter for Monster Beverage Corporation (NASDAQ MNST)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017|| || || || || || || || |
|8/8/2017||Q2 2017||$0.40||$0.39||$901.38 million||$907.07 million||View||Listen|
|5/4/2017||Q1 17||$0.32||$0.33||$738.54 million||$742.10 million||View||Listen|
|3/1/2017||Q4 2016||$0.30||$0.35||$723.88 million||$753.80 million||View||Listen|
|11/3/2016||Q3||$1.12||$0.99||$819.90 million||$788.00 million||View||N/A|
|8/4/2016||Q2||$1.03||$0.99||$804.24 million||$945.80 million||View||N/A|
|4/29/2016||Q1||$0.74||$0.80||$656.78 million||$680.20 million||View||Listen|
|2/25/2016||Q4||$0.82||$0.67||$698.40 million||$645.40 million||View||Listen|
|11/5/2015||Q315||$0.81||$0.84||$742.39 million||$756.60 million||View||Listen|
|8/6/2015||Q215||$0.91||$0.79||$753.60 million||$693.70 million||View||N/A|
|5/7/2015||Q115||$0.68||$0.62||$603.48 million||$626.79 million||View||N/A|
|2/26/2015||Q414||$0.59||$0.72||$584.56 million||$696.30 million||View||N/A|
|11/6/2014||Q314||$0.68||$0.70||$642.70 million||$738.10 million||View||N/A|
|8/7/2014||Q214||$0.75||$0.81||$694.22 million||$687.20 million||View||N/A|
|5/8/2014||Q114||$0.49||$0.55||$542.30 million||$536.10 million||View||N/A|
|2/27/2014||Q413||$0.46||$0.44||$524.46 million||$540.80 million||View||N/A|
|11/7/2013||Q313||$0.57||$0.53||$602.34 million||$590.40 million||View||N/A|
|8/8/2013||Q2 2013||$0.64||$0.62||$646.14 million||$723.90 million||View||N/A|
|5/8/2013||Q1 2013||$0.47||$0.37||$501.74 million||$484.20 million||View||N/A|
|2/27/2013||Q4 2012||$0.41||$0.39||$483.61 million||$471.50 million||View||N/A|
|11/7/2012||Q312||$0.55||$0.47||$578.48 million||$542.00 million||View||N/A|
Earnings Estimates for Monster Beverage Corporation (NASDAQ:MNST)
2017 EPS Consensus Estimate: $1.48
2018 EPS Consensus Estimate: $1.64
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Monster Beverage Corporation (NASDAQ:MNST)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Monster Beverage Corporation (NASDAQ:MNST)
Insider Ownership Percentage: 9.40%Insider Trades by Quarter for Monster Beverage Corporation (NASDAQ:MNST)
Institutional Ownership Percentage: 65.86%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/1/2017||Sydney Selati||Director||Sell||10,000||$56.00||$560,000.00|| |
|3/14/2017||Mark J Hall||Insider||Sell||93,000||$46.12||$4,289,160.00|| |
|3/13/2017||Mark J Hall||Insider||Sell||487,500||$46.34||$22,590,750.00|| |
|3/10/2017||Harold C Taber Jr||Director||Sell||15,000||$47.08||$706,200.00|| |
|8/9/2016||Thomas J Kelly||VP||Sell||10,000||$159.66||$1,596,600.00|| |
|6/15/2016||Hilton H Schlosberg||Vice Chairman||Sell||2,001,350||$156.00||$312,210,600.00|| |
|6/15/2016||Rodney C Sacks||CEO||Sell||2,396,288||$156.00||$373,820,928.00|| |
|6/10/2016||Harold C Taber Jr||Director||Sell||5,000||$154.14||$770,700.00|| |
|12/1/2015||Thomas J. Kelly||VP||Sell||26,033||$157.97||$4,112,433.01|| |
|9/14/2015||Harold C. Taber, Jr.||Director||Sell||19,680||$132.25||$2,602,680.00|| |
|4/23/2015||Rodney C Sacks||CEO||Sell||76,876||$140.21||$10,778,783.96|| |
|4/22/2015||Hilton H Schlosberg||Vice Chairman||Sell||23,102||$140.03||$3,234,973.06|| |
|4/22/2015||Rodney C Sacks||CEO||Sell||163,189||$140.25||$22,887,257.25|| |
|4/21/2015||Hilton H Schlosberg||Vice Chairman||Sell||86,600||$140.30||$12,149,980.00|| |
|4/20/2015||Hilton H Schlosberg||Vice Chairman||Sell||53,487||$140.26||$7,502,086.62|| |
|4/7/2015||Rodney C Sacks||CEO||Sell||9,935||$140.06||$1,391,496.10|| |
|1/6/2015||Rodney C Sacks||CEO||Sell||100,000||$111.69||$11,169,000.00|| |
|1/5/2015||Rodney C Sacks||CEO||Sell||200,000||$109.16||$21,832,000.00|| |
|11/11/2014||Sydney Selati||Director||Sell||3,000||$107.45||$322,350.00|| |
|10/7/2014||Hilton H Schlosberg||Chairman||Sell||19,828||$92.39||$1,831,908.92|| |
|10/7/2014||Rodney C Sacks||CEO||Sell||19,858||$92.38||$1,834,482.04|| |
|10/6/2014||Hilton H Schlosberg||Chairman||Sell||6,754||$92.23||$622,921.42|| |
|10/6/2014||Rodney C Sacks||CEO||Sell||6,761||$92.23||$623,567.03|| |
|10/3/2014||Hilton H Schlosberg||Chairman||Sell||27,215||$91.73||$2,496,431.95|| |
|10/2/2014||Hilton H Schlosberg||Chairman||Sell||580||$91.06||$52,814.80|| |
|10/1/2014||Hilton H Schlosberg||Chairman||Sell||28,584||$91.69||$2,620,866.96|| |
|10/1/2014||Rodney C Sacks||CEO||Sell||28,554||$91.69||$2,618,116.26|| |
|9/9/2014||Mark J Hall||Insider||Sell||4,412||$90.01||$397,124.12|| |
|9/2/2014||Mark J Hall||Insider||Sell||105,588||$90.15||$9,518,758.20|| |
|1/3/2014||Rodney Sacks||CEO||Sell||200,000||$67.39||$13,478,000.00|| |
|12/3/2013||Rodney Sacks||CEO||Sell||130,000||$60.52||$7,867,600.00|| |
|11/29/2013||Thomas Kelly||VP||Sell||8,804||$59.40||$522,957.60|| |
|10/17/2013||Hilton H Schlosberg||Chairman||Sell||35,000||$58.34||$2,041,900.00|| |
|8/22/2013||Norman Epstein||Director||Sell||1,590||$58.92||$93,682.80|| |
|6/13/2013||Rodney C Sacks||CEO||Sell||30,000||$62.00||$1,860,000.00|| |
|6/13/2013||Thomas J Kelly||VP||Sell||3,000||$62.01||$186,030.00|| |
|6/7/2013||Hilton H Schlosberg||Chairman||Sell||50,000||$60.16||$3,008,000.00|| |
|6/7/2013||Mark J Hall||Insider||Sell||126,666||$61.51||$7,791,225.66|| |
|6/7/2013||Norman Epstein||Director||Sell||1,343||$59.82||$80,338.26|| |
|5/31/2013||Hilton H Schlosberg||Chairman||Sell||30,000||$55.17||$1,655,100.00|| |
|5/17/2013||Thomas J Kelly||VP||Sell||8,000||$56.36||$450,880.00|| |
|5/13/2013||Hilton H Schlosberg||Chairman||Sell||20,000||$53.85||$1,077,000.00|| |
Headline Trends for Monster Beverage Corporation (NASDAQ:MNST)
Latest Headlines for Monster Beverage Corporation (NASDAQ:MNST)
Monster Beverage Corporation (MNST) Chart for Saturday, October, 21, 2017