Wall Street analysts expect Monster Beverage Co. (NASDAQ:MNST) to post sales of $841.52 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Monster Beverage’s earnings, with the lowest sales estimate coming in at $833.30 million and the highest estimate coming in at $850.20 million. Monster Beverage posted sales of $753.77 million during the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The business is scheduled to issue its next earnings report on Wednesday, March 7th.
On average, analysts expect that Monster Beverage will report full-year sales of $841.52 million for the current financial year, with estimates ranging from $3.39 billion to $3.41 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.81 billion per share, with estimates ranging from $3.73 billion to $3.92 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Monster Beverage.
A number of equities analysts recently issued reports on the company. Susquehanna Bancshares set a $51.00 target price on Monster Beverage and gave the stock a “sell” rating in a research note on Monday, November 20th. UBS Group lowered Monster Beverage to a “neutral” rating in a research note on Monday, November 20th. BMO Capital Markets restated an “outperform” rating and issued a $65.00 target price (up previously from $58.00) on shares of Monster Beverage in a research note on Thursday, November 9th. Zacks Investment Research raised Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, January 19th. Finally, BidaskClub raised Monster Beverage from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $64.41.
In related news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of Monster Beverage stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $902,322.99. Following the sale, the insider now directly owns 967,456 shares in the company, valued at approximately $62,429,935.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Rodney C. Sacks sold 62,386 shares of Monster Beverage stock in a transaction dated 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 in the company, valued at $61,290,981.18. The disclosure for this sale can be found here. Insiders have sold a total of 268,026 shares of company stock worth $17,179,867 over the last 90 days. Insiders own 9.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MNST. Janus Henderson Group PLC lifted its stake in Monster Beverage by 35.4% in the 2nd quarter. Janus Henderson Group PLC now owns 74,273 shares of the company’s stock worth $3,690,000 after purchasing an additional 19,413 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Monster Beverage in the 2nd quarter worth approximately $11,992,000. Quantitative Systematic Strategies LLC purchased a new position in Monster Beverage in the 3rd quarter worth approximately $288,000. Mutual of America Capital Management LLC lifted its stake in Monster Beverage by 3.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 51,175 shares of the company’s stock worth $2,827,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Skylands Capital LLC purchased a new position in Monster Beverage in the 3rd quarter worth approximately $276,000. Institutional investors own 65.26% of the company’s stock.
Monster Beverage (MNST) opened at $64.60 on Wednesday. The stock has a market capitalization of $36,928.32, a price-to-earnings ratio of 44.54, a P/E/G ratio of 1.92 and a beta of 1.09. Monster Beverage has a 52 week low of $41.02 and a 52 week high of $70.21.
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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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