Currently, there are 1.04B common shares owned by the public and among those 692.90M shares have been available to trade.
The company’s stock has a 5-day price change of 2.05% and 16.54% over the past three months. MNST shares are trading -4.83% year to date (YTD), with the 12-month market performance up to 0.20% 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 5.92 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 1.19%, 3.64%, and 3.96% respectively.
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Institutional ownership of Monster Beverage Corp (NASDAQ: MNST) shares accounts for 65.99% of the company’s 1.04B shares outstanding.
It has a market capitalization of $53.32B and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 35.23, while the earnings-per-share (ttm) stands at $1.56. The company has a PEG of 3.41 and a Quick Ratio of 2.51 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 1.57% over the week and 2.45% over the month.
Earnings per share for the fiscal year are expected to increase by 6.45%, and 13.49% over the next financial year. EPS should shrink at an annualized rate of 10.33% 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. Argus stated their Buy rating for the stock in a research note on November 12, 2024, with the firm’s price target at $55-$65. TD Cowen coverage for the Monster Beverage Corp (MNST) stock in a research note released on November 11, 2024 offered a Hold rating with a price target of $55. UBS was of a view on November 08, 2024 that the stock is Neutral, while Stifel gave the stock Buy rating on November 08, 2024, issuing a price target of $57- $59. JP Morgan on their part issued Neutral rating on November 08, 2024.
