Monster Beverage - MNST Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monster Beverage in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MNST shares.
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17 Wall Street research analysts have issued 12-month price targets for Monster Beverage's stock. Their MNST share price forecasts range from $90.00 to $118.00. On average, they expect the company's stock price to reach $104.35 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
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Monster Beverage's stock was trading at $96.04 at the beginning of the year. Since then, MNST stock has increased by 6.4% and is now trading at $102.17.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Monster Beverage Co. (NASDAQ:MNST) announced its quarterly earnings results on Thursday, November, 3rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.65 billion. Monster Beverage had a trailing twelve-month return on equity of 17.91% and a net margin of 19.46%. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS.
Read the conference call transcript.

Monster Beverage's stock split before market open on Thursday, November 10th 2016. The 3-1 split was announced on Friday, October 14th 2016. The newly issued shares were distributed to shareholders after the market closes on Wednesday, November 9th 2016. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Monster Beverage declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 3rd 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.95%), BlackRock Inc. (4.86%), Alliancebernstein L.P. (3.87%), State Street Corp (3.25%), Price T Rowe Associates Inc. MD (2.31%) and Nuveen Asset Management LLC (2.18%). Insiders that own company stock include Benjamin Polk, Emelie Tirre, Guy Carling, Hilton H Schlosberg, Mark J Hall, Mark Vidergauz, Sydney Selati 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 $102.17.

Monster Beverage (NASDAQ:MNST) has a market capitalization of $53.31 billion and generates $5.54 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $2.26 on an earnings per share basis.

The company employs 4,092 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 (951) 739-6200, via email at jsfetcu@pondel.com, or via fax at 951-739-6210.