Monster Beverage (MNST) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monster Beverage in the last twelve months. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MNST shares.
View MNST analyst ratings or view top-rated stocks.

21 equities research analysts have issued 12 month price objectives for Monster Beverage's stock. Their MNST share price forecasts range from $50.00 to $72.00. On average, they anticipate the company's stock price to reach $61.71 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for MNST or view top-rated stocks among Wall Street analysts.

Monster Beverage's stock was trading at $50.7650 at the start of the year. Since then, MNST stock has increased by 4.6% and is now trading at $53.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MNST earnings forecast.

Monster Beverage Co. (NASDAQ:MNST) released its quarterly earnings data on Thursday, August, 3rd. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Monster Beverage had a net margin of 21.45% and a trailing twelve-month return on equity of 19.75%. The business's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS.
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ETFs with the largest weight of Monster Beverage (NASDAQ:MNST) stock in their portfolio include Invesco Select Growth ETF (IVSG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Formidable Fortress ETF (KONG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), ClearBridge Large Cap Growth ESG ETF (LRGE) and Invesco Focused Discovery Growth ETF (IVDG).

Shares of Monster Beverage split on Tuesday, March 28th 2023. The 2-1 split was announced on Tuesday, February 28th 2023. The newly minted shares were distributed to shareholders after the closing bell on Monday, March 27th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Monster Beverage announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 3rd 2022, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

114 employees have rated Monster Beverage Chief Executive Officer Rodney C. Sacks on Glassdoor.com. Rodney C. Sacks has an approval rating of 93% among the company's employees. This puts Rodney C. Sacks in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Monster Beverage investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Walt Disney (DIS), Starbucks (SBUX), Cisco Systems (CSCO), Intel (INTC), PayPal (PYPL), Home Depot (HD) and Johnson & Johnson (JNJ).

Monster Beverage trades on the NASDAQ under the ticker symbol "MNST."

Monster Beverage's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.09%), Alliancebernstein L.P. (3.55%), State Street Corp (3.31%), Capital World Investors (2.06%), Nuveen Asset Management LLC (1.75%) and Nuveen Asset Management LLC (1.75%). Insiders that own company stock include Ana Demel, Emelie Tirre, Guy Carling, Hilton H Schlosberg, Mark J Hall, Mark Vidergauz and Thomas J Kelly.
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Shares of MNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MNST stock can currently be purchased for approximately $53.12.

Monster Beverage (NASDAQ:MNST) has a market capitalization of $55.64 billion and generates $6.69 billion in revenue each year. The company earns $1.19 billion in net income (profit) each year or $1.36 on an earnings per share basis.

The company employs 5,296 workers across the globe.

Monster Beverage's mailing address is 1 MONSTER WAY, CORONA CA, 92879. The official website for the company is www.monsterbevcorp.com. The company can be reached via phone at (800) 426-7367, via email at jsfetcu@pondel.com, or via fax at 951-739-6210.