Monster Beverage Corporation Company Profile (NASDAQ:MNST)

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

Monster Beverage Corporation shares 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 closing bell 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 has initiated a share repurchase program on Tuesday, April 11th 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 28% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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

12 analysts have issued twelve-month price objectives for Monster Beverage Corporation's shares. Their predictions range from $42.00 to $66.33. On average, they expect Monster Beverage Corporation's stock 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), Danone (DANOY), Imperial Brands PLC (IMBBY), Kimberly-Clark Corporation (KMB), Constellation Brands (STZ), Pernod Ricard (PDRDY), Estee Lauder Companies, Inc. (The) (EL), Fomento Economico Mexicano S.A.B. de C.V. (FMX), General Mills (GIS), Associated British Foods plc (ASBFY), Kao Corp. (KCRPY), Heineken Nv Spon (HEINY), Sysco Corporation (SYY), Ahold NV (ADRNY), Newell Brands (NWL), Archer-Daniels-Midland Company (ADM), Kellogg Company (K) and Tyson Foods (TSN).

Monster Beverage Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (0.24%), APG Asset Management N.V. (0.09%), Boston Advisors LLC (0.08%), Gateway Investment Advisers LLC (0.08%), National Pension Service (0.06%) and Chevy Chase Trust Holdings Inc. (0.06%). 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, Hartford Investment Management Co. and Bremer Trust National Association. 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 Jag Capital Management LLC, Boston Advisors LLC, Mn Services Vermogensbeheer B.V., Bank of The West, Central Bank & Trust Co., National Pension Service, APG Asset Management N.V. and First Citizens Bank & Trust Co.. 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 $53.57.