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.
Monster Beverage Price Performance
NASDAQ:MNST opened at $89.30 on Friday. The firm's fifty day moving average price is $93.36 and its 200 day moving average price is $86.81. Monster Beverage has a 1-year low of $71.78 and a 1-year high of $99.81. The firm has a market cap of $47.05 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92.
Monster Beverage (NASDAQ:MNST - Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.51 earnings per share 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 net margin of 20.40% and a return on equity of 18.51%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. As a group, analysts expect that Monster Beverage will post 2.31 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MNST has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $97.00 to $110.00 in a research note on Wednesday, May 18th. Morgan Stanley upped their price objective on shares of Monster Beverage from $111.00 to $117.00 and gave the company an "overweight" rating in a research note on Monday, June 6th. Wells Fargo & Company boosted their price target on shares of Monster Beverage from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Thursday, July 28th. UBS Group boosted their price target on shares of Monster Beverage from $94.00 to $99.00 and gave the company a "neutral" rating in a research report on Friday, August 5th. Finally, Royal Bank of Canada cut their price objective on shares of Monster Beverage from $100.00 to $98.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.40.
Insider Buying and Selling at Monster Beverage
In related news, insider Guy Carling sold 26,299 shares of the company'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 transaction of $2,386,108.27. Following the sale, the insider now directly owns 25,901 shares of the company's stock, valued at approximately $2,349,997.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Guy Carling sold 26,299 shares of the stock in a transaction 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 of the company's stock, valued at $2,349,997.73. The transaction 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 dated Tuesday, June 7th. The shares were sold at an average price of $91.00, for a total value of $4,550,000.00. Following the transaction, the chief executive officer now directly owns 310,244 shares of the company's stock, valued at approximately $28,232,204. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.
