Currently, there are 1.04B common shares owned by the public and among those 696.42M shares have been available to trade.
The company’s stock has a 5-day price change of 2.70% and 4.61% over the past three months. MNST shares are trading -8.96% year to date (YTD), with the 12-month market performance down to -3.80% 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 6.41 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 5.90%, 6.57%, and -1.98% respectively.
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Institutional ownership of Monster Beverage Corp. (NASDAQ: MNST) shares accounts for 66.02% of the company’s 1.04B shares outstanding.
It has a market capitalization of $51.38B and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 32.65, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 2.49 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 2.17% over the week and 2.09% over the month.
Earnings per share for the fiscal year are expected to increase by 9.32%, and 14.24% over the next financial year. EPS should grow at an annualized rate of 13.11% 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. ROTH MKM stated their Neutral rating for the stock in a research note on August 12, 2024, with the firm’s price target at $56-$50. Truist coverage for the Monster Beverage Corp. (MNST) stock in a research note released on August 09, 2024 offered a Sell rating with a price target of $40. Wells Fargo was of a view on August 08, 2024 that the stock is Overweight, while UBS gave the stock Neutral rating on August 08, 2024, issuing a price target of $55- $51. RBC Capital Mkts on their part issued Outperform rating on August 08, 2024.
