Monster Beverage Corporation Company Profile (NASDAQ:MNST)

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

Shares of Monster Beverage Corporation split on the morning of Thursday, November 10th 2016. The 3-1 split was announced on Friday, October 14th 2016. The newly issued shares were issued 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.

Monster Beverage Corporation announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 11th 2017, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 28% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Monster Beverage Corporation (NASDAQ:MNST) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.01. The company earned $742.10 million during the quarter, compared to analyst estimates of $738.54 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. View Monster Beverage Corporation's Earnings History.

12 brokers have issued twelve-month price targets for Monster Beverage Corporation's shares. Their predictions range from $42.00 to $66.33. On average, they expect Monster Beverage Corporation's share price to reach $56.78 in the next year. View Analyst Ratings for Monster Beverage Corporation.

Here are some recent quotes from research analysts about Monster Beverage Corporation stock:

• 1. According to Zacks Investment Research, "Product innovation plays a huge role in Monster Beverage's success. The company has several new products lined up for the remaining of 2017 which is expected to boost sales. Again, the deal with Coca-Cola is expected to enhance the company’s foothold in the international energy drinks market. The company’s proven track of innovation and product extensions is expected to drive sales further. Meanwhile, Monster Beverage's shares have outperformed the Zacks categorized Beverages-Soft Drinks industry, year-to-date. While the company has a favorable long-term outlook, we remain concerned because of soft industry trends. Increasing expenses to support top-line growth also add to the worries." (7/17/2017)
• 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)

Some companies that are related to Monster Beverage Corporation include Henkel AG & Co. (HENKY), Kimberly-Clark Corporation (KMB), Imperial Brands PLC (IMBBY), Constellation Brands (STZ), Estee Lauder Companies, Inc. (The) (EL), Pernod Ricard SA (PDRDY), Fomento Economico Mexicano S.A.B. de C.V. (FMX), General Mills (GIS), Kao Corp. (KCRPY), Heineken NV (HEINY), Sysco Corporation (SYY), Newell Brands (NWL), Archer-Daniels-Midland Company (ADM), Kellogg Company (K), Tyson Foods (TSN), Hershey Company (The) (HSY), Swatch Group AG (SWGAY) and Coca-Cola European Partners plc (CCE).

Monster Beverage Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include NGAM Advisors L.P. (0.27%), Russell Investments Group Ltd. (0.24%), Harbour Capital Advisors LLC (0.16%), APG Asset Management N.V. (0.09%), Boston Advisors LLC (0.08%) and Gateway Investment Advisers LLC (0.08%). Company insiders that own Monster Beverage Corporation stock include Harold C Taber Jr, Harold C Taber, Jr, Hilton H Schlosberg, Mark J Hall, Rodney C Sacks and Thomas J Kelly. View Institutional Ownership Trends for Monster Beverage Corporation.

Monster Beverage Corporation's stock was sold by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Bank of Montreal Can, Russell Investments Group Ltd., Fox Run Management L.L.C., Strs Ohio, Exxonmobil Investment Management Inc. TX, Greystone Managed Investments Inc. and Bbva Compass Bancshares Inc.. Company insiders that have sold Monster Beverage Corporation stock in the last year include Harold C Taber Jr, Mark J Hall and Thomas J Kelly. View Insider Buying and Selling for Monster Beverage Corporation.

Monster Beverage Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Jag Capital Management LLC, Great West Life Assurance Co. Can, Boston Advisors LLC, Mn Services Vermogensbeheer B.V., Bank of The West, Central Bank & Trust Co. and NGAM Advisors L.P.. View Insider Buying and Selling for Monster Beverage Corporation.

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.

One share of Monster Beverage Corporation stock can currently be purchased for approximately $54.03.