Brokerages Anticipate Monster Beverage Corp (NASDAQ:MNST) Will Post Quarterly Sales of $996.90 Million

Wall Street analysts forecast that Monster Beverage Corp (NASDAQ:MNST) will announce sales of $996.90 million for the current quarter, according to Zacks. Five analysts have made estimates for Monster Beverage’s earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $978.80 million. Monster Beverage reported sales of $924.23 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.9%. The company is scheduled to announce its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Monster Beverage will report full-year sales of $4.18 billion for the current financial year, with estimates ranging from $4.16 billion to $4.20 billion. For the next year, analysts expect that the firm will report sales of $4.55 billion, with estimates ranging from $4.52 billion to $4.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Monster Beverage.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Monster Beverage had a net margin of 26.58% and a return on equity of 28.23%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share.

Several research analysts have weighed in on MNST shares. Guggenheim cut shares of Monster Beverage from a “buy” rating to a “neutral” rating and lowered their price target for the company from $74.00 to $60.00 in a report on Wednesday, October 2nd. Royal Bank of Canada set a $75.00 price objective on Monster Beverage and gave the stock a “buy” rating in a report on Monday, September 30th. BidaskClub downgraded Monster Beverage from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded Monster Beverage from a “sell” rating to a “hold” rating and set a $61.00 target price on the stock in a research note on Tuesday, October 1st. Finally, Cowen cut Monster Beverage from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $69.00 to $65.00 in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $64.80.

Shares of MNST stock opened at $60.04 on Friday. Monster Beverage has a 52 week low of $47.74 and a 52 week high of $66.38. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.06 and a beta of 1.16. The company has a 50-day simple moving average of $57.81 and a 200 day simple moving average of $60.13.

In other news, insider Emelie Tirre sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $58.58, for a total value of $615,090.00. Following the completion of the transaction, the insider now directly owns 63,101 shares in the company, valued at approximately $3,696,456.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas J. Kelly sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $60.07, for a total transaction of $1,982,310.00. Following the sale, the executive vice president now directly owns 58,249 shares of the company’s stock, valued at approximately $3,499,017.43. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.

A number of large investors have recently made changes to their positions in MNST. Motco increased its position in Monster Beverage by 47.1% during the 2nd quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after purchasing an additional 171 shares in the last quarter. Veritable L.P. boosted its stake in Monster Beverage by 1.5% during the second quarter. Veritable L.P. now owns 12,748 shares of the company’s stock worth $814,000 after acquiring an additional 186 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in Monster Beverage by 1.0% during the second quarter. Stone Ridge Asset Management LLC now owns 19,888 shares of the company’s stock worth $1,269,000 after acquiring an additional 200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Monster Beverage by 2.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,943 shares of the company’s stock worth $507,000 after purchasing an additional 200 shares during the period. Finally, LS Investment Advisors LLC increased its stake in Monster Beverage by 1.8% in the third quarter. LS Investment Advisors LLC now owns 11,870 shares of the company’s stock valued at $689,000 after purchasing an additional 210 shares in the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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