Traders Purchase High Volume of Monster Beverage Put Options (NASDAQ:MNST)
Monster Beverage Corp (NASDAQ:MNST) saw some unusual options trading activity on Tuesday. Stock traders purchased 12,792 put options on the stock. This represents an increase of approximately 959% compared to the typical volume of 1,208 put options.
Shares of MNST opened at $58.95 on Thursday. Monster Beverage has a fifty-two week low of $47.74 and a fifty-two week high of $66.38. The company has a market capitalization of $31.69 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. The firm has a 50-day simple moving average of $56.69 and a 200-day simple moving average of $60.39.
Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Monster Beverage had a net margin of 26.58% and a return on equity of 28.23%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Monster Beverage will post 2.03 earnings per share for the current fiscal year.
MNST has been the subject of several research analyst reports. Cowen downgraded shares of Monster Beverage from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $69.00 to $65.00 in a research note on Thursday, October 17th. Morgan Stanley upped their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. UBS Group restated a “sell” rating and issued a $52.00 price objective (down previously from $53.00) on shares of Monster Beverage in a research note on Thursday, August 8th. Jefferies Financial Group upped their price objective on shares of Monster Beverage from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, BMO Capital Markets decreased their price objective on shares of Monster Beverage from $62.00 to $61.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $64.93.
Monster Beverage Company Profile
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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