Monster Beverage (MNST) Stock Price, News & Analysis

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monster Beverage in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MNST shares.
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20 analysts have issued 1-year target prices for Monster Beverage's stock. Their MNST share price targets range from $55.00 to $69.00. On average, they predict the company's stock price to reach $63.11 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Monster Beverage's stock was trading at $57.61 on January 1st, 2024. Since then, MNST stock has decreased by 5.8% and is now trading at $54.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MNST earnings forecast.

Monster Beverage Co. (NASDAQ:MNST) issued its earnings results on Wednesday, February, 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a net margin of 22.84% and a trailing twelve-month return on equity of 20.95%. The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share.
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ETFs with the largest weight of Monster Beverage (NASDAQ:MNST) stock in their portfolio include Invesco Food & Beverage ETF (PBJ), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Invesco Select Growth ETF (IVSG), Formidable Fortress ETF (KONG), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS).

Monster Beverage shares split on Tuesday, March 28th 2023. The 2-1 split was announced on Tuesday, February 28th 2023. The newly minted shares were distributed 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 has initiated a stock buyback program on Wednesday, November 8th 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Ferguson Wellman Capital Management Inc. (0.05%), Los Angeles Capital Management LLC (0.05%), Gateway Investment Advisers LLC (0.04%), Park National Corp OH (0.02%), CHURCHILL MANAGEMENT Corp (0.02%) and Czech National Bank (0.01%). Insiders that own company stock include Ana Demel, Emelie Tirre, Guy Carling, Hilton H Schlosberg, Mark J Hall, Mark Vidergauz 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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