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How major US stock indexes fared Wednesday, 2/21/2024
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S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Better Than Oil Stocks (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
Clear Buy, Sell, or Hold Recommendation on any Stock, FREE (Ad)
Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
NASDAQ:MNST

Monster Beverage (MNST) Stock Price, News & Analysis

$55.14
-0.26 (-0.47%)
(As of 02/21/2024 ET)
Today's Range
$54.91
$55.66
50-Day Range
$54.36
$59.05
52-Week Range
$47.13
$60.47
Volume
5.54 million shs
Average Volume
5.49 million shs
Market Capitalization
$57.37 billion
P/E Ratio
37.13
Dividend Yield
N/A
Price Target
$61.73

Monster Beverage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
11.9% Upside
$61.73 Price Target
Short Interest
Healthy
1.08% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.98
Upright™ Environmental Score
News Sentiment
1.25mentions of Monster Beverage in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$3.69 M Sold Last Quarter
Proj. Earnings Growth
16.03%
From $1.56 to $1.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Consumer Staples Sector

29th out of 136 stocks

Bottled & Canned Soft Drinks Industry

1st out of 7 stocks


MNST stock logo

About Monster Beverage Stock (NASDAQ:MNST)

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: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to full service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Muscle Monster, Espresso Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, and Fury brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.

MNST Stock Price History

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Company Calendar

Last Earnings
5/04/2023
Today
2/22/2024
Next Earnings (Estimated)
2/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
Soft Drinks
Current Symbol
NASDAQ:MNST
CUSIP
61174010
Employees
5,296
Year Founded
1935

Price Target and Rating

Average Stock Price Target
$61.73
High Stock Price Target
$72.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
22 Analysts

Profitability

Net Income
$1.19 billion
Pretax Margin
29.06%

Debt

Sales & Book Value

Annual Sales
$6.92 billion
Cash Flow
$1.20 per share
Book Value
$6.73 per share

Miscellaneous

Outstanding Shares
1,040,441,000
Free Float
942,640,000
Market Cap
$57.37 billion
Optionable
Optionable
Beta
0.72

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Should I Buy Monster Beverage Stock? MNST Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Monster Beverage was last updated on Thursday, February 15, 2024 at 12:58 PM.

Pros

Here are some ways that investors could benefit from investing in Monster Beverage Co.:

  • Strong product portfolio: Monster Beverage Co. offers a wide range of energy drink beverages and concentrates, including carbonated and non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, and more. This diverse product portfolio allows the company to cater to different consumer preferences and capture a larger market share.
  • Market presence: Monster Beverage Co. operates both in the United States and internationally, giving it access to a global customer base. This broad market presence provides opportunities for growth and expansion in new markets.
  • Brand recognition: The company's brands, such as Monster Energy, Monster Rehab, and Java Monster, have strong brand recognition and a loyal customer base. This brand equity can translate into increased sales and market share.
  • Recent developments: Monster Beverage Co. has been actively developing new products and expanding its product offerings. These recent developments demonstrate the company's commitment to innovation and can attract investors looking for growth opportunities.
  • Positive financial performance: Monster Beverage Co. has shown consistent financial performance in recent periods, with increasing revenues and profitability. This indicates a strong and stable business model, which can be appealing to investors.

Cons

Investors should be bearish about investing in Monster Beverage Co. for these reasons:

  • Competition: The non-alcoholic beverages industry is highly competitive, with many established players and new entrants. Monster Beverage Co. faces competition from other energy drink brands as well as alternative beverages. This competitive landscape can pose challenges to the company's market share and profitability.
  • Regulatory risks: The energy drink industry is subject to regulatory scrutiny, particularly regarding health and safety concerns. Changes in regulations or negative publicity related to energy drinks can impact the company's sales and reputation.
  • Dependency on key customers: Monster Beverage Co. relies on various distribution channels, including full service beverage bottlers/distributors, retail grocery chains, and wholesalers. Any significant changes in the relationships with key customers or disruptions in the distribution network can affect the company's sales and profitability.
  • Market volatility: The non-alcoholic beverages industry is influenced by consumer trends and preferences, which can be unpredictable. Changes in consumer preferences or economic conditions can impact the demand for energy drinks and affect the company's financial performance.
  • Currency exchange risks: As Monster Beverage Co. operates internationally, it is exposed to currency exchange rate fluctuations. Changes in exchange rates can impact the company's revenues and profitability, especially in markets where the local currency depreciates against the US dollar.














MNST Stock Analysis - Frequently Asked Questions

Should I buy or sell Monster Beverage stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monster Beverage in the last year. There are currently 6 hold ratings and 16 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.

What is Monster Beverage's stock price target for 2024?

22 brokerages have issued 1 year price targets for Monster Beverage's stock. Their MNST share price targets range from $52.00 to $72.00. On average, they predict the company's stock price to reach $61.73 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for MNST
or view top-rated stocks among Wall Street analysts.

How have MNST shares performed in 2024?

Monster Beverage's stock was trading at $57.61 at the beginning of 2024. Since then, MNST shares have decreased by 4.3% and is now trading at $55.14.
View the best growth stocks for 2024 here
.

When is Monster Beverage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our MNST earnings forecast
.

How were Monster Beverage's earnings last quarter?

Monster Beverage Co. (NASDAQ:MNST) posted its quarterly earnings results on Thursday, May, 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Monster Beverage had a net margin of 22.62% and a trailing twelve-month return on equity of 20.50%. The company's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share.
Read the conference call transcript
.

When did Monster Beverage's stock split?

Monster Beverage shares split on Tuesday, March 28th 2023. The 2-1 split was announced on Tuesday, February 28th 2023. The newly created shares were payable 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.

How will Monster Beverage's stock buyback program work?

Monster Beverage announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th 2023, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

What is Rodney C. Sacks' approval rating as Monster Beverage's CEO?

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.

What other stocks do shareholders of Monster Beverage own?

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).

Who are Monster Beverage's major shareholders?

Monster Beverage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.12%), Capital World Investors (2.02%), Nuveen Asset Management LLC (1.71%), Price T Rowe Associates Inc. MD (1.51%), Clearbridge Investments LLC (1.12%) and Capital Research Global Investors (1.01%). Insiders that own company stock include Ana Demel, Emelie Tirre, Guy Carling, Hilton H Schlosberg, Mark J Hall, Mark Vidergauz and Thomas J Kelly.
View institutional ownership trends
.

How do I buy shares of Monster Beverage?

Shares of MNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MNST) was last updated on 2/22/2024 by MarketBeat.com Staff