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 twelve months. 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 equities research analysts have issued twelve-month price objectives for Monster Beverage's shares. Their MNST share price forecasts range from $95.00 to $120.00. On average, they anticipate the company's share price to reach $110.39 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
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Monster Beverage's stock was trading at $101.53 at the beginning of the year. Since then, MNST stock has increased by 2.5% and is now trading at $104.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Monster Beverage Co. (NASDAQ:MNST) released its quarterly earnings results on Tuesday, February, 28th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.61 by $0.04. The company earned $1.51 billion during the quarter, compared to analysts' expectations of $1.60 billion. Monster Beverage had a trailing twelve-month return on equity of 17.32% and a net margin of 18.88%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS.
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ETFs with the largest weight of Monster Beverage (NASDAQ:MNST) stock in their portfolio include Formidable Fortress ETF (KONG), Invesco Select Growth ETF (IVSG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco DWA Consumer Staples Momentum ETF (PSL), ClearBridge Large Cap Growth ESG ETF (LRGE), First Trust Consumer Staples AlphaDEX Fund (FXG), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) and Touchstone US Large Cap Focused ETF (LCF).

Monster Beverage's stock split on Tuesday, March 28th 2023. The 2-1 split was announced on Tuesday, February 28th 2023. The newly minted shares will be payable to shareholders after the closing bell on Monday, March 27th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Monster Beverage announced that its Board of Directors has authorized a share buyback program on Thursday, November 3rd 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is 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 Alliancebernstein L.P. (3.71%), Price T Rowe Associates Inc. MD (1.94%), Clearbridge Investments LLC (1.63%), Geode Capital Management LLC (1.36%), Bank of America Corp DE (1.35%) and Morgan Stanley (1.24%). Insiders that own company stock include 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 $104.08.

Monster Beverage (NASDAQ:MNST) has a market capitalization of $54.37 billion and generates $6.31 billion in revenue each year. The company earns $1.19 billion in net income (profit) each year or $2.23 on an earnings per share basis.

The company employs 5,296 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 (800) 426-7367, via email at jsfetcu@pondel.com, or via fax at 951-739-6210.