Monster Beverage (NASDAQ:MNST) Sets New 12-Month High – What’s Next?

Monster Beverage Corporation (NASDAQ:MNST) hit a new 52-week high on Tuesday . The stock traded as high as $79.16 and last traded at $79.5410, with a volume of 1000159 shares changing hands. The stock had previously closed at $78.17.

Analysts Set New Price Targets

MNST has been the subject of several research reports. Roth Mkm reiterated a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a research report on Wednesday, December 3rd. TD Cowen reissued a “hold” rating on shares of Monster Beverage in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Monster Beverage in a research report on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $84.00 price target (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Finally, Piper Sandler set a $85.00 price objective on Monster Beverage in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.62.

Monster Beverage Stock Performance

The firm has a 50-day moving average of $75.73 and a 200-day moving average of $68.41. The firm has a market capitalization of $79.03 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.46.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Equities analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the transaction, the insider owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Guy Carling sold 38,438 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the transaction, the insider owned 21,993 shares in the company, valued at $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 274,981 shares of company stock worth $20,138,516. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MNST. Jones Financial Companies Lllp increased its stake in Monster Beverage by 397.9% in the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after purchasing an additional 12,148 shares during the period. Sivia Capital Partners LLC grew its position in Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Monster Beverage by 178.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 101,487 shares of the company’s stock worth $6,402,000 after purchasing an additional 64,986 shares during the last quarter. UMB Bank n.a. raised its position in Monster Beverage by 11.5% during the 2nd quarter. UMB Bank n.a. now owns 2,262 shares of the company’s stock worth $142,000 after buying an additional 234 shares during the last quarter. Finally, BNC Wealth Management LLC acquired a new position in Monster Beverage during the second quarter valued at $2,665,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.