Monster Beverage (MNST) to Release Earnings on Wednesday

Monster Beverage (NASDAQ:MNST) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Monster Beverage to post earnings of $0.40 per share and revenue of $1.80 billion for the quarter.

Monster Beverage Stock Up 3.7 %

MNST opened at $51.05 on Wednesday. The stock’s fifty day simple moving average is $50.26 and its 200 day simple moving average is $50.95. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market cap of $49.65 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MNST. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BNP Paribas lowered their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Argus raised their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen boosted their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.53.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is owned by company insiders.

Monster Beverage Company Profile

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.