Currently, there are 1.04B common shares owned by the public and among those 713.32M shares have been available to trade.
The company’s stock has a 5-day price change of -10.75% and -16.56% over the past three months. MNST shares are trading -20.05% year to date (YTD), with the 12-month market performance down to -19.91% lower. It has a 12-month low price of $43.32 and touched a high of $61.22 over the same period. MNST has an average intraday trading volume of 9.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.72%, -8.56%, and -15.26% respectively.
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Institutional ownership of Monster Beverage Corp. (NASDAQ: MNST) shares accounts for 69.62% of the company’s 1.04B shares outstanding.
It has a market capitalization of $45.12B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 28.67, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 2.07 and a Quick Ratio of 2.69 with the debt-to-equity ratio at 0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.42% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to increase by 10.44%, and 14.16% over the next financial year. EPS should grow at an annualized rate of 13.88% over the next five years, compared to 11.87% over the past 5-year period.
Looking at the support for the MNST, a number of firms have released research notes about the stock. Truist stated their Sell rating for the stock in a research note on August 09, 2024, with the firm’s price target at $46-$40. Wells Fargo coverage for the Monster Beverage Corp. (MNST) stock in a research note released on August 08, 2024 offered a Overweight rating with a price target of $57. UBS was of a view on August 08, 2024 that the stock is Neutral, while RBC Capital Mkts gave the stock Outperform rating on August 08, 2024, issuing a price target of $64- $60. Piper Sandler on their part issued Neutral rating on August 08, 2024.
