FY2025 EPS Forecast for Monster Beverage Lifted by Analyst

Monster Beverage Corporation (NASDAQ:MNST) – Stock analysts at Roth Capital upped their FY2025 earnings per share (EPS) estimates for Monster Beverage in a report released on Wednesday, August 13th. Roth Capital analyst S. Mcgowan now expects that the company will post earnings of $1.89 per share for the year, up from their prior forecast of $1.87. Roth Capital currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Monster Beverage’s current full-year earnings is $1.62 per share.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Monster Beverage from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. CICC Research raised Monster Beverage from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $56.00 to $65.00 in a research note on Monday, May 12th. Rothschild & Co Redburn lowered Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a report on Wednesday, July 9th. The Goldman Sachs Group raised their target price on Monster Beverage from $67.00 to $72.00 and gave the company a “buy” rating in a report on Friday, June 13th. Finally, Redburn Atlantic downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating and lowered their price target for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.10.

Monster Beverage Stock Performance

Shares of MNST opened at $64.64 on Monday. The stock has a 50-day moving average price of $61.61 and a 200 day moving average price of $58.65. Monster Beverage has a one year low of $45.70 and a one year high of $66.75. The company has a market capitalization of $63.12 billion, a P/E ratio of 40.15, a P/E/G ratio of 2.11 and a beta of 0.55.

Insider Activity

In other news, CFO Thomas J. Kelly sold 27,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares of the company’s stock, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Vidergauz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares in the company, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Monster Beverage

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Monster Beverage by 0.9% during the second quarter. Vanguard Group Inc. now owns 65,360,899 shares of the company’s stock valued at $4,094,207,000 after buying an additional 574,275 shares during the last quarter. State Street Corp increased its holdings in Monster Beverage by 2.6% during the 2nd quarter. State Street Corp now owns 34,929,818 shares of the company’s stock worth $2,188,004,000 after acquiring an additional 900,479 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Monster Beverage by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock valued at $1,656,847,000 after purchasing an additional 385,692 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Monster Beverage by 4.1% in the 2nd quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock valued at $1,165,292,000 after purchasing an additional 742,518 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Monster Beverage by 20.0% in the 2nd quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock valued at $688,001,000 after purchasing an additional 1,829,064 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

About Monster Beverage

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, Alcohol Brands, and Other.