Currently, there are 1.04B common shares owned by the public and among those 697.90M shares have been available to trade.
The company’s stock has a 5-day price change of 1.81% and 6.42% over the past three months. MNST shares are trading -6.16% year to date (YTD), with the 12-month market performance up to 2.66% 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 6.13 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 2.81%, 5.75%, and 2.32% respectively.
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Institutional ownership of Monster Beverage Corp (NASDAQ: MNST) shares accounts for 66.13% of the company’s 1.04B shares outstanding.
It has a market capitalization of $52.57B and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 33.65, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 2.84 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 2.40% over the week and 1.95% over the month.
Analysts forecast that Monster Beverage Corp (MNST) will achieve an EPS of 0.43 for the current quarter, 0.41 for the next quarter and 1.91 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.4 while analysts give the company a high EPS estimate of 0.4. Comparatively, EPS for the current quarter was 0.41 a year ago. Earnings per share for the fiscal year are expected to increase by 8.88%, and 13.74% 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. JP Morgan stated their Neutral rating for the stock in a research note on Nov-05-24, with the firm’s price target at $50-$49. BofA Securities coverage for the Monster Beverage Corp (MNST) stock in a research note released on October 15, 2024 offered a Buy rating with a price target of $57. UBS was of a view on October 07, 2024 that the stock is Neutral, while ROTH MKM gave the stock Neutral rating on August 12, 2024, issuing a price target of $56- $50. Truist on their part issued Sell rating on August 09, 2024.
