Monster Beverage Corporation (NASDAQ: MNST) is 1.47% higher on its value in year-to-date trading and has touched a low of $71.78 and a high of $104.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MNST stock was last observed hovering at around $100.11 in the last trading session, with the day’s gains setting it 2.91% off its average median price target of $110.00 for the next 12 months. It is also 17.58% off the consensus price target high of $125.00 offered by 24 analysts, but current levels are -17.07% lower than the price target low of $88.00 for the same period.
Currently trading at $103.02, the stock is 1.82% and 2.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 2.91% at the moment leaves the stock 11.01% off its SMA200. MNST registered 20.32% gain for a year compared to 6-month gain of 7.49%.
The stock witnessed a 1.05% loss in the last 1 month and extending the period to 3 months gives it a 17.62%, and is 0.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.12% over the week and 1.80% over the month.
Monster Beverage Corporation (MNST) has around 4092 employees, a market worth around $53.67B and $6.22B in sales. Current P/E ratio is 45.48 and Fwd P/E is 34.07. Profit margin for the company is 19.50%. Distance from 52-week low is 43.53% and -1.56% from its 52-week high. The company has generated returns on investments over the last 12 months (20.90%).
Monster Beverage Corporation (MNST) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Monster Beverage Corporation (MNST) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.20, where 9 rate it as a Hold and 3 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Monster Beverage Corporation is expected to release its quarterly report on 05/04/2023.The EPS is expected to shrink by -2.40% this year.
Monster Beverage Corporation (MNST) Top Institutional Holders
The shares outstanding are 526.80M, and float is at 372.38M with Short Float at 1.05%.
Monster Beverage Corporation (MNST) Insider Activity
A total of 15 insider transactions have happened at Monster Beverage Corporation (MNST) in the last six months, with sales accounting for 6 and purchases happening 9 times. The most recent transaction is an insider sale by Carling Guy,the company’sPresident of EMEA. SEC filings show that Carling Guy sold 12,256 shares of the company’s common stock on Dec 01 at a price of $102.42 per share for a total of $1.26 million. Following the sale, the insider now owns 13645.0 shares.
Monster Beverage Corporation disclosed in a document filed with the SEC on Nov 16 that Tirre Emelie (President of the Americas) sold a total of 74,998 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $98.96 per share for $7.42 million. Following the transaction, the insider now directly holds 21038.0 shares of the MNST stock.
Still, SEC filings show that on Nov 11, Carling Guy (President of EMEA) disposed off 36,250 shares at an average price of $97.66 for $3.54 million. The insider now directly holds 25,901 shares of Monster Beverage Corporation (MNST).
Monster Beverage Corporation (MNST): Who are the competitors?
The company’s main competitors (and peers) include The Coca-Cola Company (KO) that is 0.17% higher over the past 12 months. PepsiCo Inc. (PEP) is -2.03% down on the 1-year trading charts.