Monster Beverage Corporation Company Profile (NASDAQ:MNST)

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

Shares of Monster Beverage Corporation split on Thursday, November 10th 2016. The 3-1 split was announced on Friday, October 14th 2016. The newly issued shares were payable 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 approved a share repurchase plan on Tuesday, April 11th 2017, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 28% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

Monster Beverage Corporation (NASDAQ:MNST) released its quarterly earnings data on Tuesday, August, 8th. The company reported $0.39 EPS for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.01. The business had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $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.

13 brokerages have issued 1 year price targets for Monster Beverage Corporation's stock. Their predictions range from $42.00 to $65.00. On average, they anticipate Monster Beverage Corporation's stock price to reach $57.15 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, "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 Mondelez International (MDLZ), Heineken NV (HEINY), Danone (DANOY), Constellation Brands (STZ), Kimberly-Clark Corporation (KMB), Estee Lauder Companies, Inc. (The) (EL), Imperial Brands PLC (IMBBY), Pernod Ricard SA (PDRDY), Associated British Foods plc (ASBFY), Fomento Economico Mexicano S.A.B. de C.V. (FMX), Henkel AG & Co. (HENKY), Kao Corp. (KCRPY), General Mills (GIS), Sysco Corporation (SYY), Tyson Foods (TSN), Ahold NV (ADRNY), Archer-Daniels-Midland Company (ADM) and Hershey Company (The) (HSY).

Monster Beverage Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.09%), State Treasurer State of Michigan (0.02%), Mutual of America Capital Management LLC (0.01%), Fulton Bank N.A. (0.00%), Oakbrook Investments LLC (0.00%) and Douglas Lane & Associates LLC (0.00%). 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 State Treasurer State of Michigan and Fulton Bank N.A.. 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 acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Quantitative Systematic Strategies LLC, Skylands Capital LLC, Sabal Trust CO, Douglas Lane & Associates LLC, Oakbrook Investments LLC and Mutual of America Capital Management LLC. 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 $56.46.