Monster Beverage - MNST Stock Forecast, Price & News

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, 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 bottlers, full-service beverage distributors, as well as sells directly to retail grocery and speciality chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, 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, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster HydroSport Super Fuel, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, as well as NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, Fury, and True North 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MNST shares. Wells Fargo & Company raised their price objective on Monster Beverage from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Thursday, July 28th. BMO Capital Markets raised their price objective on Monster Beverage from $90.00 to $95.00 in a report on Wednesday, June 15th. Sanford C. Bernstein upgraded Monster Beverage from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $97.00 to $110.00 in a report on Wednesday, May 18th. Morgan Stanley increased their target price on Monster Beverage from $111.00 to $117.00 and gave the company an "overweight" rating in a research note on Monday, June 6th. Finally, Royal Bank of Canada lowered their target price on Monster Beverage from $100.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 5th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Monster Beverage has a consensus rating of "Moderate Buy" and an average price target of $101.40.

Monster Beverage Trading Up 0.8 %

Shares of MNST opened at $90.02 on Friday. The firm has a market cap of $47.43 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 3.53 and a beta of 0.92. The stock has a 50 day moving average of $93.33 and a 200-day moving average of $86.82. Monster Beverage has a 52 week low of $71.78 and a 52 week high of $99.81.

Monster Beverage (NASDAQ:MNST - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.19). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. Monster Beverage had a return on equity of 18.51% and a net margin of 20.40%. Monster Beverage's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, sell-side analysts predict that Monster Beverage will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Monster Beverage

In other news, insider Guy Carling sold 26,299 shares of Monster Beverage stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $90.73, for a total value of $2,386,108.27. Following the completion of the transaction, the insider now owns 25,901 shares in the company, valued at approximately $2,349,997.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Guy Carling sold 26,299 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $90.73, for a total value of $2,386,108.27. Following the sale, the insider now owns 25,901 shares of the company's stock, valued at approximately $2,349,997.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hilton H. Schlosberg sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $91.00, for a total value of $4,550,000.00. Following the completion of the sale, the chief executive officer now directly owns 310,244 shares in the company, valued at approximately $28,232,204. The disclosure for this sale can be found here. Insiders own 10.50% of the company's stock.