Monster Beverage (NASDAQ:MNST) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Monster Beverage (NASDAQ:MNST – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06), MarketWatch Earnings reports. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.43 billion. Monster Beverage had a net margin of 24.86% and a return on equity of 22.79%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS.

NASDAQ:MNST traded up $3.63 on Friday, hitting $86.67. The stock had a trading volume of 6,635,747 shares, compared to its average volume of 3,143,392. The business’s fifty day moving average is $81.50 and its 200 day moving average is $85.92. The company has a market cap of $45.91 billion, a PE ratio of 34.26, a P/E/G ratio of 1.97 and a beta of 1.01. Monster Beverage has a 52 week low of $71.78 and a 52 week high of $99.89.

Several equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Monster Beverage in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $105.00 price target on shares of Monster Beverage in a research note on Friday, April 29th. Credit Suisse Group decreased their target price on Monster Beverage from $119.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 18th. Guggenheim decreased their target price on Monster Beverage from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on Monster Beverage from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, March 30th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $99.85.

A number of large investors have recently made changes to their positions in the business. Vident Investment Advisory LLC boosted its holdings in Monster Beverage by 2.5% in the fourth quarter. Vident Investment Advisory LLC now owns 6,568 shares of the company’s stock worth $631,000 after acquiring an additional 161 shares in the last quarter. Zullo Investment Group Inc. bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $33,000. Harbour Investments Inc. lifted its holdings in shares of Monster Beverage by 103.3% in the fourth quarter. Harbour Investments Inc. now owns 742 shares of the company’s stock valued at $71,000 after purchasing an additional 377 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Monster Beverage by 83.4% in the fourth quarter. NEXT Financial Group Inc now owns 1,135 shares of the company’s stock valued at $109,000 after purchasing an additional 516 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Monster Beverage by 9.8% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,349 shares of the company’s stock valued at $706,000 after purchasing an additional 654 shares in the last quarter. Institutional investors and hedge funds own 63.44% of the company’s stock.

Monster Beverage Company Profile (Get Rating)

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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