Monster Beverage Corporation (NASDAQ:MNST) does about 2.21M shares in volume on a normal day but saw 2048024 shares change hands in Monday trading. The company now has a market cap of 52.16B USD. Its current market price is $100.11, marking an increase of 0.11% compared to the previous close of $100.00. The 52 week high reached by this stock is $104.65 whilst the lowest price level in 52 weeks is $71.78. The script in recent trading has seen the stock touch a high of $101.055 and a low of $99.57.
Monster Beverage Corporation (MNST) has a 20-day trading average at $101.18 and the current price is -4.34% off the 52-week high compared with 39.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $100.94 and its 200-day simple moving average is $92.80. If we look at the stock’s price movements over the week, volatility stands at 1.84%, which decreases to 1.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.15 to suggest the stock is neutral.
24 analysts observing the Monster Beverage Corporation (MNST) stock have set the 12-month price targets for the company’s shares at between $88.00 and $125.00. The consensus objective for the share price is $108.06, suggesting that the stock has a potential upside of 7.36% over the period. The median price target is 8.99% away from the current levels at $110.00.
FactSet Research has provided data showing that 24 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 3 advise that it is a overweight. 12 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 18, 2023 when Evercore ISI reiterated the stock to “Outperform” and issued a price target of between $105 and $115. Wells Fargo reiterated its price target at $100-$105.
The current price level is -1.15%, -0.78%, and 7.98% away from its SMA20, SMA50, and SMA200 respectively, with the MNST price moving above the 50-day SMA on January 23. Monster Beverage Corporation (MNST) stock is down -1.93% over the week and -1.04% over the past month. Its price is -1.40% year-to-date and 15.91% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.51 below consensus estimates by -$0.19. The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at $0.59 and $2.31 for whole year. MNST’s earnings per share are forecast to shrink by -10.10% this year and 29.90% over next year. Expected sales for next quarter are $1.61 billion, which analysts say will come at $6.44 billion for the current fiscal year and next year at $7.12 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.65 billion.
Its 12-month price target is $110.00. To reach the target analysts have set, the stock logically needs to grow 7.36 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $88.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $125.00.
Outstanding shares total 526.80M with insiders holding 29.07% of the shares and institutional holders owning 67.06% of the company’s common stock. The company has a return on investment of 20.90% and return on equity of 17.90%. The price to earnings ratio (P/E ratio) amounts to 44.20 while the forward price to earnings ratio is 33.11. The beta has a value of 0.89. Price to book ratio is 7.74 and price to sales ratio is 8.38.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Monster Beverage Corporation (MNST) to 11,108,061 shares, mirroring a recent drop by -0.08%. Vanguard Total Stock Market Index dumped 9080.0 shares of Monster Beverage Corporation common stock bringing its total worth to about $1.13 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which sold off 11371.0 shares to end up with 8,803,199 shares worth $893.79 million. Invesco QQQ Trust cut their holdings by -0.06% in the company over the course of the most recent quarter. It now holds a 1.33% position in Monster Beverage Corporation thanks to 6.94 million shares amounting to $705.11 million.