Media stories about Monster Beverage (NASDAQ:MNST) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monster Beverage earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7401503142466 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have recently commented on MNST shares. Macquarie started coverage on Monster Beverage in a research report on Thursday, September 14th. They issued an “outperform” rating and a $65.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Monster Beverage in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “buy” rating and set a $57.00 price target on shares of Monster Beverage in a research report on Saturday, September 23rd. Jefferies Group reissued a “buy” rating and set a $65.00 price target on shares of Monster Beverage in a research report on Friday, October 13th. Finally, Citigroup set a $60.00 price target on Monster Beverage and gave the company a “buy” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $60.99.
Shares of Monster Beverage (NASDAQ MNST) opened at $63.96 on Friday. Monster Beverage has a one year low of $41.02 and a one year high of $66.16. The stock has a market capitalization of $35,860.00, a P/E ratio of 46.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94.
Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. Monster Beverage’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. research analysts forecast that Monster Beverage will post 1.48 earnings per share for the current fiscal year.
In other Monster Beverage news, Chairman Rodney C. Sacks sold 189,861 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Rodney C. Sacks sold 62,386 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $4,025,768.58. Following the completion of the sale, the chairman now owns 949,806 shares of the company’s stock, valued at $61,290,981.18. The disclosure for this sale can be found here. Insiders have sold 268,026 shares of company stock valued at $17,179,867 over the last ninety days. Corporate insiders own 9.40% of the company’s stock.
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Monster Beverage Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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