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 -2.09% and 2.00% over the past three months. MNST shares are trading -8.90% year to date (YTD), with the 12-month market performance up to 5.17% higher. 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 6.07 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 0.78%, 3.66%, and -0.84% respectively.
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Institutional ownership of Monster Beverage Corp. (NASDAQ: MNST) shares accounts for 66.17% of the company’s 1.04B shares outstanding.
It has a market capitalization of $51.41B and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 32.67, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 2.75 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 1.74% over the week and 1.84% over the month.
Earnings per share for the fiscal year are expected to increase by 9.03%, and 13.95% over the next financial year. EPS should grow at an annualized rate of 11.87% 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. BofA Securities stated their Buy rating for the stock in a research note on October 15, 2024, with the firm’s price target at $56-$57. UBS coverage for the Monster Beverage Corp. (MNST) stock in a research note released on October 07, 2024 offered a Neutral rating with a price target of $55. ROTH MKM was of a view on August 12, 2024 that the stock is Neutral, while Truist gave the stock Sell rating on August 09, 2024, issuing a price target of $46- $40. Wells Fargo on their part issued Overweight rating on August 08, 2024.
