Monster Beverage (MNST) Receives Coverage Optimism Score of 0.26
Press coverage about Monster Beverage (NASDAQ:MNST) has been trending positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Monster Beverage earned a coverage optimism score of 0.26 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 92 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- FY2018 Earnings Estimate for Monster Beverage Co. Issued By Jefferies Group (MNST) (americanbankingnews.com)
- 69.1% Return Seen to Date on SmarTrend Monster Worldwide Call (MNST) (mysmartrend.com)
- Jefferies Group LLC Reiterates “Buy” Rating for Monster Beverage Co. (MNST) (americanbankingnews.com)
- Monster Beverage (MNST) Given Media Sentiment Score of 0.00 (americanbankingnews.com)
- Investor’s Watch List: Metlife Inc (NYSE:MET), Monster Beverage Corporation (NASDAQ:MNST), Cerner Corporation … – Wall Street Times (press release) (wallstreetnews24.com)
Several equities research analysts have recently commented on MNST shares. Susquehanna Bancshares Inc set a $39.00 price target on shares of Monster Beverage and gave the stock a “hold” rating in a research report on Sunday, January 15th. Jefferies Group LLC set a $58.00 price target on shares of Monster Beverage and gave the stock a “buy” rating in a research report on Sunday, January 15th. Stifel Nicolaus set a $59.00 price target on shares of Monster Beverage and gave the stock a “buy” rating in a research report on Sunday, January 15th. Wells Fargo & Co reiterated a “market perform” rating and set a $45.00 price target on shares of Monster Beverage in a research report on Sunday, April 2nd. Finally, Goldman Sachs Group Inc cut shares of Monster Beverage from a “conviction-buy” rating to a “buy” rating and set a $54.00 price target for the company. in a research report on Monday. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $55.88.
Monster Beverage (NASDAQ:MNST) traded down 0.77% on Friday, reaching $45.39. 1,792,671 shares of the company traded hands. The firm has a 50 day moving average of $46.37 and a 200-day moving average of $62.14. Monster Beverage has a one year low of $40.30 and a one year high of $55.50. The stock has a market capitalization of $25.72 billion, a PE ratio of 38.14 and a beta of 0.77.
Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, March 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Monster Beverage had a return on equity of 17.06% and a net margin of 23.07%. The company had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $723.88 million. During the same period last year, the business earned $0.23 EPS. Monster Beverage’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Monster Beverage will post $1.48 EPS for the current year.
In other Monster Beverage news, Director Harold C. Taber, Jr. sold 15,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $47.08, for a total transaction of $706,200.00. Following the transaction, the director now directly owns 70,001 shares in the company, valued at approximately $3,295,647.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark J. Hall sold 93,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $46.12, for a total value of $4,289,160.00. Following the transaction, the insider now owns 866,808 shares in the company, valued at $39,977,184.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 595,500 shares of company stock worth $27,586,110. Company insiders own 9.20% of the company’s stock.
Monster Beverage Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
Receive News & Stock Ratings for Monster Beverage Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Co. and related stocks with our FREE daily email newsletter.