Monster Beverage - MNST Stock Forecast, Price & News

17 Wall Street 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 research analysts is that investors should "buy" MNST shares.
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17 analysts have issued 1 year target prices for Monster Beverage's stock. Their MNST share price forecasts range from $95.00 to $120.00. On average, they anticipate the company's stock price to reach $110.39 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for MNST or view top-rated stocks among Wall Street analysts.

Monster Beverage's stock was trading at $101.53 on January 1st, 2023. Since then, MNST shares have increased by 2.5% and is now trading at $104.04.
View the best growth stocks for 2023 here.

Monster Beverage saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,800,000 shares, an increase of 36.0% from the February 13th total of 3,530,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.3% of the company's shares are sold short.
View Monster Beverage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MNST earnings forecast.

Monster Beverage Co. (NASDAQ:MNST) announced its quarterly earnings data on Tuesday, February, 28th. The company reported $0.57 earnings per share (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 the consensus estimate of $1.60 billion. Monster Beverage had a net margin of 18.88% and a trailing twelve-month return on equity of 17.32%. Monster Beverage's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business 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), Touchstone US Large Cap Focused ETF (LCF) and First Trust Capital Strength ETF (FTCS).

Monster Beverage shares split on Tuesday, March 28th 2023. The 2-1 split was announced on Tuesday, February 28th 2023. The newly issued shares will be issued to shareholders after the market closes 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 declared that its Board of Directors has authorized a share repurchase program on Thursday, November 3rd 2022, 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 1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are 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 many different retail and institutional investors. Top institutional shareholders 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 $104.04.

Monster Beverage (NASDAQ:MNST) has a market capitalization of $54.35 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.