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Credit Suisse Group increased their price objective on Monster Beverage from $115.00 to $118.00
By: MarketBeat | July 8, 2021
A number of equities research analysts have issued reports on the stock. Evercore ISI reissued a "buy" rating on shares of Monster Beverage in a report on Sunday, May 9th. Credit Suisse Group increased their price objective on Monster Beverage from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Tuesday, March 16th. Morgan Stanley lifted their target price on Monster Beverage from $106.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 19th. Stifel Nicolaus reissued a "buy" rating and issued a $107.00 price target on shares of Monster Beverage in a report on Tuesday, June 15th. Finally, Truist boosted their price objective on shares of Monster Beverage from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus price target of $101.26...
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Monster Beverage Co. (MNST) Receives Consensus Rating of "Buy" from Analysts
By: MarketBeat | June 29, 2021
Monster Beverage Co. (NASDAQ:MNST) has been assigned a consensus rating of "Buy" from the twenty brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $101.26...
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$1.38 Billion in Sales Expected for Monster Beverage Co. (MNST) This Quarter
By: MarketBeat | June 20, 2021
Wall Street analysts expect that Monster Beverage Co. (NASDAQ:MNST) will announce $1.38 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Monster Beverage's earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.34 billion. Monster Beverage posted sales of $1.09 billion in the same quarter last year, which suggests a positive year over year growth rate of 26.6%. The firm is expected to issue its next earnings report on Tuesday, August 3rd...
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Stock Traders Buy Large Volume of Monster Beverage Put Options
By: MarketBeat | June 15, 2021
Monster Beverage Co. (NASDAQ:MNST) saw unusually large options trading on Monday. Stock traders purchased 5,416 put options on the stock. This is an increase of 1,664% compared to the average volume of 307 put options...
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Monster Beverage's (MNST) "Buy" Rating Reiterated at Stifel Nicolaus
By: MarketBeat | June 15, 2021
Monster Beverage (NASDAQ:MNST)'s stock had its "buy" rating reissued by equities researchers at Stifel Nicolaus in a research report issued on Tuesday, TipRanks reports. They currently have a $107.00 price target on the stock. Stifel Nicolaus' price target indicates a potential upside of 15.23% from the company's current price...
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Monster Beverage Co. Insider Emelie Tirre Sells 42,786 Shares
By: MarketBeat | June 4, 2021
Monster Beverage Co. (NASDAQ:MNST) insider Emelie Tirre sold 42,786 shares of the business's stock in a transaction that occurred on Thursday, June 3rd. The shares were sold at an average price of $95.08, for a total value of $4,068,092.88. Following the completion of the transaction, the insider now owns 14,557 shares of the company's stock, valued at $1,384,079.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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Monster Beverage Co. (MNST) Given Consensus Rating of "Buy" by Analysts
By: MarketBeat | June 4, 2021
Shares of Monster Beverage Co. (NASDAQ:MNST) have earned an average rating of "Buy" from the twenty-one research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $100.10.
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Consumer Stocks Have Taken a Hit. Why Monster Beverage, Carvana, and 3 Others Are Bargains.
By: Barron's | May 26, 2021
Consumer stocks have had a difficult few weeks. Worries about inflation, labor costs, and how much of the recovery is priced into the market have weighed on the sector. Yet that selloff has created a buying opportunity for some of the strongest names, argues Wells Fargo.
In the food space, analyst Ed Kelly highlights Performance Food Group (ticker: PFGC). The restaurant supplier fell after announcing its deal to buy convenience store distributor Core-Mark earlier this month, and while the acquisition wasn’t his first choice, Kelly thinks it will be a good transaction for the company. Convenience stores are a growing sector of food retail, and the company’s respected management team deserves the benefit of the doubt, he argues. The stock is up 4.2% this year.
Analyst Zack Fadem likes Carvana (CVNA) in the broad retail category for durable goods. The shares have slumped recently, creating an “attractive entry point for a clear market leader in a large…and highly fragmented industry on the cusp of accelerating online adoption.” Shares are up 8.5% this year.
Demand for online car buying is robust, and the company has made key moves to reduce bottlenecks in its supply. Its wide assortment of inventory and customer service should continue to pull market share from traditional dealers, he writes.
In specialty retail and apparel, analyst Ike Boruchow says VF shares (VFC) have become too cheap. The stock was sold off following fiscal fourth-quarter earnings last week, and is down 8.5% this year. He argues that the company is making important strides. While in the past it depended largely on the Vans brand, today VF’s growth and margins are becoming more evenly balanced thanks to improvements at other brands like The North Face and Timberland. He also thinks full-year guidance looks conservative.
Analyst Chris Carey likes Monster Beverage (MNST) among household and personal-care product companies. It too hasn’t performed well in the weeks since its first-quarter earnings. The stock is up less than 1% this year.
He thinks investors are underestimating organic sales growth, which could meaningfully surprise on the upside in the current quarter, and the company’s ability to grow margins. He’s also encouraged by recent news that Coca-Cola (KO) is discontinuing its energy line. That move shows how strongly Monster and Red Bull dominate the category and could lead to renewed hopes of a Coke-Monster tie-up that could bolster the stock.
Wingstop (WING) is analyst Jon Tower’s pick in restaurants. The company was a winner during the pandemic, although more recently investors have worried about how it will face difficult year-ago comparisons at a time when chicken prices are high. The stock is up 7.5% this year.
“However, we see this pullback as a great opportunity for investors to build positions in a highly cash-generative business model with an understated domestic unit growth potential,” as well as international potential, he says.
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Truist Securiti Comments on Monster Beverage Co.'s Q3 2021 Earnings (MNST)
By: MarketBeat | May 12, 2021
Monster Beverage Co. (NASDAQ:MNST) - Equities research analysts at Truist Securiti increased their Q3 2021 earnings per share estimates for shares of Monster Beverage in a note issued to investors on Thursday, May 6th. Truist Securiti analyst W. Chappell now expects that the company will earn $0.77 per share for the quarter, up from their prior estimate of $0.74. Truist Securiti also issued estimates for Monster Beverage's Q4 2021 earnings at $0.68 EPS, FY2021 earnings at $2.74 EPS, Q1 2022 earnings at $0.74 EPS, Q2 2022 earnings at $0.81 EPS, Q3 2022 earnings at $0.89 EPS, Q4 2022 earnings at $0.77 EPS, FY2022 earnings at $3.21 EPS and FY2023 earnings at $3.58 EPS. Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.59 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.61 by ($0.02). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Monster Beverage had a return on equity of 28.24% and a net margin of 26.99%. The firm's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS.
Other analysts have also issued research reports about the stock. Sanford C. Bernstein began coverage on shares of Monster Beverage in a research report on Tuesday, January 19th. They set a "market perform" rating and a $100.00 price target on the stock. Truist Financial raised their price target on shares of Monster Beverage from $105.00 to $115.00 in a research report on Friday, May 7th. Argus raised their price target on shares of Monster Beverage from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, March 8th. Truist Securities raised their price target on shares of Monster Beverage from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 7th. Finally, Evercore ISI reaffirmed a "buy" rating on shares of Monster Beverage in a report on Sunday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average price target of $100.10.
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Was The Smart Money Right About Monster Beverage Corp (MNST)?
By: Debasis Saha | May 10, 2021
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds' 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about Monster Beverage Corp (NASDAQ:MNST) in this article.
Monster Beverage Corp (NASDAQ:MNST) was in 44 hedge funds' portfolios at the end of December. The all time high for this statistic is 50. MNST has seen a decrease in hedge fund sentiment of late. There were 50 hedge funds in our database with MNST positions at the end of the third quarter. Our calculations also showed that MNST isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings).
Do Hedge Funds Think MNST Is A Good Stock To Buy Now?
At Q4's end, a total of 44 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -12% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in MNST over the last 22 quarters. With the smart money's positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
Among these funds, Renaissance Technologies held the most valuable stake in Monster Beverage Corp (NASDAQ:MNST), which was worth $946 million at the end of the fourth quarter. On the second spot was Broadwood Capital which amassed $430.6 million worth of shares. AQR Capital Management, D E Shaw, and Marshall Wace LLP were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Broadwood Capital allocated the biggest weight to Monster Beverage Corp (NASDAQ:MNST), around 25.55% of its 13F portfolio. Lakehouse Capital is also relatively very bullish on the stock, designating 9.49 percent of its 13F equity portfolio to MNST.
Because Monster Beverage Corp (NASDAQ:MNST) has witnessed bearish sentiment from hedge fund managers, it's safe to say that there exists a select few fund managers that decided to sell off their entire stakes heading into Q1. Intriguingly, Jeff Lignelli's Incline Global Management dumped the biggest position of the 750 funds followed by Insider Monkey, totaling close to $19.6 million in stock, and Robert Pitts's Steadfast Capital Management was right behind this move, as the fund dumped about $11 million worth. These bearish behaviors are important to note, as total hedge fund interest fell by 6 funds heading into Q1.
Let's go over hedge fund activity in other stocks similar to Monster Beverage Corp (NASDAQ:MNST). We will take a look at Honda Motor Co Ltd (NYSE:HMC), America Movil SAB de CV (NYSE:AMX), Aon plc (NYSE:AON), Prudential Public Limited Company (NYSE:PUK), Emerson Electric Co. (NYSE:EMR), Ambev SA (NYSE:ABEV), and Newmont Corporation (NYSE:NEM). This group of stocks' market caps are similar to MNST's market cap.
As you can see these stocks had an average of 29.6 hedge funds with bullish positions and the average amount invested in these stocks was $1276 million. That figure was $2837 million in MNST's case. Aon plc (NYSE:AON) is the most popular stock in this table. On the other hand Prudential Public Limited Company (NYSE:PUK) is the least popular one with only 2 bullish hedge fund positions. Monster Beverage Corp (NASDAQ:MNST) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for MNST is 59.8. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 10 most popular stocks among hedge funds returned 90.7% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 35 percentage points. These stocks gained 13.6% in 2021 through April 30th and beat the market again by 1.6 percentage points. Unfortunately MNST wasn't nearly as popular as these 10 stocks and hedge funds that were betting on MNST were disappointed as the stock returned 4.9% since the end of December (through 4/30) and underperformed the market.
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Monster Beverage (MNST) Price Target Raised to $115.00
By: MarketBeat | May 7, 2021
Monster Beverage (NASDAQ:MNST) had its price objective raised by analysts at Truist Financial from $105.00 to $115.00 in a report released on Friday, The Fly reports. Truist Financial's price objective points to a potential upside of 27.62% from the stock's previous close.
Other equities research analysts also recently issued research reports about the stock. Truist Securities boosted their target price on shares of Monster Beverage from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus boosted their target price on shares of Monster Beverage from $91.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, January 8th. Smith Barney Citigroup upped their price target on shares of Monster Beverage from $89.00 to $99.00 in a research report on Friday, January 15th. Morgan Stanley boosted their price objective on Monster Beverage from $106.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 26th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Monster Beverage from $89.00 to $99.00 and gave the company a "neutral" rating in a research report on Friday, January 15th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Monster Beverage currently has an average rating of "Buy" and a consensus target price of $100.10.
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Monster Beverage (MNST) Drops on Mixed Quarter
By: TheStreet | May 7, 2021
• Monster Beverage analysts are mixed in their assessment of the drinks producer's recent quarter. The stock is lower.
Shares of Monster Beverage (MNST) dropped Friday after the company reported first- quarter earnings that lagged estimates while sales beat.
Shares of the Corona, Calif., beverage company at last check were down 3.9% to $91.34.
Monster reported earnings of 59 cents a share on revenue of $1.24 billion. Analysts surveyed by FactSet were expecting earnings of 61 cents a share on revenue of $1.22 billion.
The company also said that it would face an aluminum shortage in North America and Europe.
"In order to satisfy increased consumer demand, we are sourcing aluminum cans in excess of our contracted volumes from South America and Asia," Co-Chief Executive Hilton Schlosberg.
Analysts at Goldman Sachs reiterated their buy rating and $107 price target.
The investment firm says "strong sales and accelerating growth narrative should predominate and [any weakness is] a buying opportunity."
The firm also says Monster has a "very robust innovation pipeline this year and beyond."
Truist analyst Bill Chappell rates the company buy and raised his price target to $115 from $105. Monster has "incredible sales momentum" and should benefit from increased travel and convenience-store foot traffic.
JPMorgan analyst Andrea Teixeira rates the company neutral with a $96 price target. "The quarter will likely be looked at very differently by bulls and bears given the diverging trends and outlook in the gross margins and top line."
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Monster Beverage Friday Afternoon Analyst Calls
By: 24/7 Wall St. | May 7, 2021
Monster Beverage Corp. (NASDAQ: MNST): Truist reiterated its Buy rating and raised the price target to $115 from $105. The stock traded near $90 on Friday, in a 52-week range of $63.38 to $99.24. It has a consensus price target of $103.89.
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Monster Beverage Reports 2021 First Quarter Financial Results
By: Monster Beverage Corporation | May 6, 2021
CORONA, Calif., May 06, 2021 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three-months ended March 31, 2021.
COVID-19 Pandemic
The Company’s top priority remains the health, safety and well-being of its employees. The Company’s flavor manufacturing facilities, its co-packers, warehouses and shipment facilities, have operated throughout the COVID-19 pandemic. The Company’s bottlers/distributors are operating and the Company’s products remain generally available to consumers. In limited countries, the operations of the Company’s bottlers/distributors have, in part, been negatively affected for varying periods of time.
Despite the ongoing impact of the COVID-19 pandemic, the Company achieved record first quarter net sales. Currently, the Company does not foresee a material impact on the ability of its co-packers to manufacture and its bottlers/distributors to distribute its products as a result of the COVID-19 pandemic. The Company’s supply chain remains largely intact. However, the Company is experiencing shortages in its aluminum can requirements in North America and Europe, given the Company’s volume growth and the current supply constraints in the aluminum can industry. The Company has taken steps to source additional quantities of aluminum cans from South America and Asia, however, logistical issues, including ocean freight and port of entry congestion could delay such supply. Logistical issues in relation to the importation of certain other raw materials and ingredients could impact future supply.
As of March 31, 2021, the Company had $1.18 billion in cash and cash equivalents, $980.1 million in short-term investments and $63.8 million in long-term investments. Based on currently available information, the Company does not expect the COVID-19 pandemic to have a material impact on its liquidity.
First Quarter Results
Net sales for the 2021 first quarter increased 17.1 percent to $1.24 billion, from $1.06 billion in the same period last year. Net changes in foreign currency exchange rates had a favorable impact on net sales for the 2021 first quarter of $9.3 million.
Net sales for the Company’s Monster Energy® Drinks segment, which primarily includes the Company’s Monster Energy® drinks and Reign Total Body Fuel® high performance energy drinks, increased 17.9 percent to $1.17 billion for the 2021 first quarter, from $992.5 million for the 2020 first quarter. Net changes in foreign currency exchange rates had a favorable impact on net sales for the Monster Energy® Drinks segment of approximately $9.3 million for the 2021 first quarter.
Net sales for the Company’s Strategic Brands segment, which primarily includes the various energy drink brands acquired from The Coca-Cola Company, as well as the Company’s affordable energy brands, increased 5.1 percent to $67.8 million for the 2021 first quarter, from $64.5 million in the 2020 first quarter. Net changes in foreign currency exchange rates had no significant impact on net sales for the Strategic Brands segment for the 2021 first quarter.
Net sales for the Company’s Other segment, which includes certain products of American Fruits and Flavors, LLC, a wholly-owned subsidiary of the Company, sold to independent third-party customers (the “AFF Third-Party Products”), increased to $5.7 million for the 2021 first quarter, from $5.1 million in the 2020 first quarter.
Net sales to customers outside the United States increased 28.8 percent to $459.4 million in the 2021 first quarter, from $356.8 million in the 2020 first quarter. Such sales were approximately 37 percent of total net sales in the 2021 first quarter, compared with 34 percent in the 2020 first quarter.
Gross profit as a percentage of net sales, for the 2021 first quarter was 57.5 percent, compared with 60.0 percent in the 2020 first quarter. The decrease in gross profit as a percentage of net sales for the 2021 first quarter was primarily the result of increased input costs (mainly increased raw material freight-in costs), geographical sales mix, and higher promotional allowances as a percentage of net sales.
Operating expenses for the 2021 first quarter were $300.8 million, compared with $272.2 million in the 2020 first quarter. As a percentage of net sales, operating expenses for the 2021 first quarter were 24.2 percent, compared with 25.6 percent in the 2020 first quarter.
Distribution costs as a percentage of net sales were 4.4 percent for the 2021 first quarter, compared with 3.7 percent in the 2020 first quarter.
Selling expenses as a percentage of net sales for the 2021 first quarter were 9.2 percent, compared with 10.3 percent in the 2020 first quarter.
General and administrative expenses for the 2021 first quarter were $131.9 million, or 10.6 percent of net sales, compared with $124.1 million, or 11.7 percent of net sales, for the 2020 first quarter. Stock-based compensation was $18.4 million for the first quarter of 2021, compared with $17.1 million in the 2020 first quarter.
Operating income for the 2021 first quarter increased to $414.1 million, from $365.0 million in the 2020 first quarter.
The effective tax rate was 23.8 percent for both the 2021 and 2020 first quarters.
Net income for the 2021 first quarter increased 13.0 percent to $315.2 million, from $278.8 million in the 2020 first quarter. Net income per diluted share for the 2021 first quarter increased 14.2 percent to $0.59, from $0.52 in the first quarter of 2020.
Rodney C. Sacks, Chairman and Co-Chief Executive Officer, said: “The Company posted record first quarter net sales and profits, despite the ongoing impact of the COVID-19 pandemic.
“According to Nielsen, the energy drink category, and in particular our Monster Energy® brand, continues to accelerate in most of our markets, including the United States.
“In the first quarter of 2021, we continued with our robust program of product launches in both our domestic and international markets, with plans for additional launches during 2021,” Sacks added.
Vice Chairman and Co-Chief Executive Officer Hilton H. Schlosberg said: “In order to satisfy increased consumer demand, we are sourcing aluminum cans in excess of our contracted volumes from South America and Asia. In addition, to meet consumer demand, we experienced freight inefficiencies in the United States and in Europe in the quarter, which resulted in increased costs of sales as well as increased operating expenses.
“We are pleased with the early results for our new energy drinks that were launched in the quarter,” Schlosberg added.
Share Repurchase Program
No shares of the Company’s common stock were repurchased during the 2021 first quarter. As of May 6, 2021, approximately $441.5 million remained available for repurchase under the previously authorized repurchase program.
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Here's How Monster Beverage (MNST) is Placed for Q1 Earnings
By: Zacks Equity Research | May 3, 2021
Monster Beverage Corporation (MNST) is expected to report first-quarter 2021 results on May 6, after the closing bell. The beverage company is anticipated to have witnessed revenue and earnings growth in the to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter earnings of 61 cents per share suggests a gain of 17.3% from 52 cents reported in the year-ago quarter. Moreover, the consensus mark has been unchanged in the past 30 days. The consensus mark for revenues is pegged at $1.22 billion, indicating growth of 14.7% from the figure reported in the year-ago quarter.
In the last reported quarter, the company delivered an earnings surprise of 5.1%. Moreover, it delivered an earnings surprise of 9.9%, on average, in the trailing four quarters.
Monster Beverage Corporation Price and EPS Surprise
Factors to Note
Monster Beverage has been benefiting from the continued strength in the energy drinks category, owing to increased health awareness amid the pandemic. This has led to a rise in demand for the company’s products, which are mainly skewed toward energy and health drinks. Gains from strong demand for energy drinks are expected to get reflected in the company’s first-quarter revenue results. Additionally, the top line is likely to have gained from the continued increase in at-home consumption trends, driven by a shift in consumer preferences for shopping channels and packaging options.
Also, the company is expected to have witnessed momentous growth in e-commerce, club store, mass merchandiser and grocery-related businesses. Foot traffic at its largest convenience and gas channel has been witnessing improved trends from the latter half of second-quarter 2020, which is likely to have continued in the first quarter.
Moreover, Monster Beverage has been committed to product launches and innovation to boost growth. Management has been optimistic about the significant growth potential of its Monster Energy brand. Product launches across the Monster family are expected to have driven the overall top and bottom lines in the first quarter.
However, the company continues to experience sluggishness in the foodservice on-premise channel. Unfavorable foreign-currency movements are also likely to have been dragging. Also, the company earlier predicted the pandemic-related impacts to be a heightened threat in the first quarter, owing to the reinstitution of lockdowns and other restrictions due to a second COVID-19 wave in a number of countries, including EMEA. This is expected to have affected product introductions, which is likely to have negatively impacted sales.
What the Zacks Model Unveils
Our proven model conclusively predicts an earnings beat for Monster Beverage this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Monster Beverage has a Zacks Rank #3 and an Earnings ESP of +0.41%.
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Monster Beverage (MNST) Set to Announce Quarterly Earnings on Thursday
By: MarketBeat | April 30, 2021
Monster Beverage (NASDAQ:MNST) will post its quarterly earnings results after the market closes on Thursday, May 6th. Analysts expect Monster Beverage to post earnings of $0.61 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 25th. The company reported $0.62 EPS for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.03. Monster Beverage had a net margin of 26.99% and a return on equity of 28.24%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. On average, analysts expect Monster Beverage to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
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Monster Beverage Earns "Buy" Rating from Evercore ISI
By: MarketBeat | April 29, 2021
Monster Beverage (NASDAQ:MNST)'s stock had its "buy" rating reaffirmed by analysts at Evercore ISI in a research note issued on Thursday, AnalystRatings.com reports.
Other equities research analysts also recently issued reports about the company. Smith Barney Citigroup increased their price objective on Monster Beverage from $89.00 to $99.00 in a report on Friday, January 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on Monster Beverage from $89.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, January 15th. Stifel Nicolaus raised their price target on Monster Beverage from $91.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, January 8th. Argus raised their price target on Monster Beverage from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, March 8th. Finally, Morgan Stanley raised their price target on Monster Beverage from $106.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus target price of $96.26.
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Is Monster Beverage Corporation (MNST) Potentially Undervalued?
By: Simply Wall St | April 27, 2021
Let's talk about the popular Monster Beverage Corporation (NASDAQ:MNST). The company's shares saw a decent share price growth in the teens level on the NASDAQGS over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Today I will analyse the most recent data on Monster Beverage’s outlook and valuation to see if the opportunity still exists.
What's the opportunity in Monster Beverage?
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 7.29% above my intrinsic value, which means if you buy Monster Beverage today, you’d be paying a relatively reasonable price for it. And if you believe that the stock is really worth $90.54, there’s only an insignificant downside when the price falls to its real value. Although, there may be an opportunity to buy in the future. This is because Monster Beverage’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
Can we expect growth from Monster Beverage?
NasdaqGS:MNST Earnings and Revenue Growth April 27th 2021
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Monster Beverage's earnings over the next few years are expected to increase by 23%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What this means for you:
Are you a shareholder? MNST’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
Are you a potential investor? If you’ve been keeping an eye on MNST, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
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Monster Beverage Co. (MNST) Expected to Post Earnings of $0.61 Per Share
By: MarketBeat | April 24, 2021
Equities research analysts expect that Monster Beverage Co. (NASDAQ:MNST) will post earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Monster Beverage's earnings. The highest EPS estimate is $0.63 and the lowest is $0.60. Monster Beverage posted earnings per share of $0.52 in the same quarter last year, which suggests a positive year-over-year growth rate of 17.3%. The business is expected to announce its next earnings report on Thursday, May 6th.
According to Zacks, analysts expect that Monster Beverage will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.62 to $2.76. For the next year, analysts anticipate that the business will post earnings of $3.04 per share, with EPS estimates ranging from $2.95 to $3.12. Zacks' earnings per share calculations are a mean average based on a survey of analysts that cover Monster Beverage.
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S&P Beverages Index (BF/B, KO, MNST, PEP, STZ & TAP) long-term relative strength cycle suggests trough and out-performance for ~2-years
By: Nautilus Research | April 22, 2021
• S&P Beverages Index (BF/B, KO, MNST, PEP, STZ & TAP) long-term relative strength cycle suggests trough and out-performance for ~2-years. Cycle has performed well historically.
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Monster Beverage has knocked five straight double earnings beats (revenue and EPS)
By: Seeking Alpha | April 21, 2021
• Monster Beverage still stands as the pure-play on energy drinks
• Wells Fargo notes that Monster Beverage (MNST -0.6%) cruised right through Q1 despite the increased interest by Coca-Cola and PepsiCo in the fast-growth energy drink market. The firm thinks the Coca-Cola is resigned to playing the category largely through its stake in MNST, while PepsiCo's energy drink investments are seen taking time to play out.
• "Ultimately, MNST and Red Bull have successfully fended off competition from would-be competitors, and the category remains very much a 'two-animal' race. That's good news for MNST, the only publicly traded global energy play."
• Wells Fargo has an Overweight rating on Monster Beverage and price target of $105.
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What Is Monster Beverage Corporation's (MNST) Share Price Doing?
By: Simply Wall St | April 19, 2021
Let's talk about the popular Monster Beverage Corporation (NASDAQ:MNST). The company's shares saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. However, could the stock still be trading at a relatively cheap price? Let’s take a look at Monster Beverage’s outlook and value based on the most recent financial data to see if the opportunity still exists.
What's the opportunity in Monster Beverage?
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 8.43% above my intrinsic value, which means if you buy Monster Beverage today, you’d be paying a relatively fair price for it. And if you believe the company’s true value is $90.54, there’s only an insignificant downside when the price falls to its real value. Although, there may be an opportunity to buy in the future. This is because Monster Beverage’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 23% over the next couple of years, the future seems bright for Monster Beverage. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
What this means for you:
Are you a shareholder? It seems like the market has already priced in MNST’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
Are you a potential investor? If you’ve been keeping an eye on MNST, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
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A Potential Monster (MNST) Breakout Looms
By: Joe Duarte | April 4, 2021
Monster Breakout Looms
Earlier this year, I suggested that shares of energy drink company Monster (MNST) would be interesting as they were engaged in a caffeine war with Starbucks (SBUX). At the time, it seemed as if Monster might get a bit of an edge on Starbucks. Alas, so far, both stocks have been range-bound, and the caffeine wars – well, they've been tame to say the least.
However, this may be about to change, certainly for Monster, and perhaps even for SBUX. But in this article, I want to focus on the former, given its interesting chart pattern and the rumblings of tight supplies in the coffee market, which may or may not play out, but would likely be more of a negative on SBUX.
So, here's what I like about MNST. The stock tumbled earlier in the year, but has slowly come back, and is now reaching a key decision point near the $95 area. Moreover, as summertime approaches and the world adjusts to the new COVID reality – whatever that is - expect more outdoor activities in the city, such as a return to skateboard parks, and so on as well as an increase in construction, and perhaps even outdoor music events and a return of the X games where Monster rules. In other words, as the weather heats up and major events and activities that cater to the energy drink crowd return, Monster's sales are likely to kick up.
On the technical side, the Accumulation Distribution (ADI) and On Balance Volume (OBV) are very constructive, as is the raw volume data. Moreover, the Volume by Price (VBP) indicator shows a key resistance level at $92. If that gets taken out, as I'm expecting it well could, the stock should be off to the races.
Certainly, the directional data for MNST options suggests a very bullish bias and the implied volatility (IV) is well below the historical volatility (HV) – all very positive signs. A move above $95 would likely lead to an extended uptrend over the next few weeks barring a major market event.
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Monster Beverage Corp (MNST) Daily Chart
By: DiscoverGold | April 16, 2021
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First Week of Monster Beverage Corp (MNST) Options Trading
By: Stock Options | April 16, 2021
• Investors in Monster Beverage Corp (MNST) saw new options become available this week, for the December 17th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 245 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MNST options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $90.00 strike price has a current bid of $4.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $90.00, but will also collect the premium, putting the cost basis of the shares at $85.60 (before broker commissions). To an investor already interested in purchasing shares of MNST, that could represent an attractive alternative to paying $97.19/share today.
Because the $90.00 strike represents an approximate 7% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 69%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.89% return on the cash commitment, or 7.28% annualized — at Stock Options Channel we call this the YieldBoost.
* * *
Considering the fact that the $100.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 51%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.59% boost of extra return to the investor, or 9.81% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 26%, while the implied volatility in the call contract example is 25%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $97.19) to be 25%.
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Monster Beverage Corp. stock rises Friday, outperforms market
By: MarketWatch | April 16, 2021
• Shares of Monster Beverage Corp. MNST, +2.31% rallied 2.31% to $98.17 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.36% rising 0.36% to 4,185.47 and the Dow Jones Industrial Average DJIA, +0.48% rising 0.48% to 34,200.67. This was the stock's second consecutive day of gains. Monster Beverage Corp. hit a new 52-week high, surpassing its previous peak of $96.29, which the company achieved on April 13th.
The stock outperformed some of its competitors Friday, as Coca-Cola Co. KO, +0.66% rose 0.66% to $53.68, PepsiCo Inc. PEP, +1.30% rose 1.30% to $144.16, and Coca-Cola European Partners PLC CCEP, +0.75% rose 0.75% to $54.95. Trading volume (4.3 M) eclipsed its 50-day average volume of 2.0 M.
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Monster Beverage (MNST) Expected to Post Quarterly Sales of $1.21 Billion
By: MarketBeat | April 9, 2021
• Equities analysts predict that Monster Beverage Co. (NASDAQ:MNST) will report $1.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Monster Beverage's earnings. The highest sales estimate is $1.23 billion and the lowest is $1.19 billion. Monster Beverage reported sales of $1.06 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.2%. The business is scheduled to report its next quarterly earnings report on Thursday, May 6th.
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This is the real BULL in a can. All time high coming.
Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. The Strategic Brands segment sells concentrates and beverage bases to authorized bottling and canning operations. The Other segment comprises of certain products sold by its subsidiary, American Fruits and Flavors LLC to independent third-party customers.
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