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 Thursday, November 10th 2016. The 3-1 split was announced on Friday, October 14th 2016. The newly minted 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 declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 11th 2017, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 28% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Monster Beverage Corporation (NASDAQ:MNST) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The company earned $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. View Monster Beverage Corporation's Earnings History.

Monster Beverage Corporation is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Monster Beverage Corporation.

12 brokerages have issued 1 year target prices for Monster Beverage Corporation's shares. Their predictions range from $42.00 to $65.00. On average, they expect Monster Beverage Corporation's share price to reach $56.92 in the next twelve months. 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, "Monster Beverage’s earnings missed the Zacks Consensus Estimate by 2.5% but increased 28.6% year over year on higher sales. The international segment posted strong results and looks well positioned for the days ahead. The company has several new products lined up for the remaining of 2017 which is expected to boost sales. The company successfully launched or transitioned Monster Energy Drinks to Coca-Cola bottlers in a number of markets in the quarter and expects further transitions and launches in the second half of the year. However, operating expenses continue to rise. Results were also hurt by unfavorable currency rates which dented quarterly net sales by $8.3 million." (8/10/2017)
• 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 Colgate-Palmolive Company (CL), Mondelez International (MDLZ), Henkel AG & Co. (HENKY), Imperial Brands PLC (IMBBY), Kimberly-Clark Corporation (KMB), Estee Lauder Companies, Inc. (The) (EL), Constellation Brands (STZ), 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), Archer-Daniels-Midland Company (ADM), Tyson Foods (TSN), Ahold NV (ADRNY), Hershey Company (The) (HSY) and Kellogg Company (K).

Monster Beverage Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (7.40%), Vanguard Group Inc. (5.01%), BlackRock Inc. (3.86%), State Street Corp (2.95%), Jennison Associates LLC (2.11%) and Ameriprise Financial Inc. (1.45%). Company insiders that own Monster Beverage Corporation stock include Harold C Taber Jr, Hilton H Schlosberg, Mark J Hall, Rodney C Sacks, Sydney Selati 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 FMR LLC, Ameriprise Financial Inc., Jennison Associates LLC, TIAA CREF Investment Management LLC, Montag & Caldwell LLC, Balyasny Asset Management LLC, Capital Fund Management S.A. and Atalanta Sosnoff Capital LLC. Company insiders that have sold Monster Beverage Corporation stock in the last year include Harold C Taber Jr, Mark J Hall and Sydney Selati. View Insider Buying and Selling for Monster Beverage Corporation.

Monster Beverage Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Vanguard Group Inc., Nationwide Fund Advisors, Chilton Investment Co. LLC, American Century Companies Inc., Frontier Capital Management Co. LLC, Retirement Systems of Alabama and Alliancebernstein 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 $55.81.