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Is Monster Beverage Corp. (MNST) a good stock to buy now?

Monster Beverage Corp. (NASDAQ: MNST) is 0.23% higher on its value in year-to-date trading and has touched a low of $47.13 and a high of $61.22 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 $59.28 in the last trading session, with the day’s loss setting it -1.54%.

Currently trading at $57.74, the stock is -2.99% and 0.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.37 million and changing -2.60% at the moment leaves the stock 3.01% off its SMA200. MNST registered 10.72% gain for a year compared to 6-month gain of 8.62%. The firm has a 50-day simple moving average (SMA 50) of $8.24 and a 200-day simple moving average (SMA200) of $29.09.

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The stock witnessed a -2.30% loss in the last 1 month and extending the period to 3 months gives it a 0.56%, and is -2.96% down 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 1.79% over the week and 1.63% over the month.

Monster Beverage Corp. (MNST) has around 6003 employees, a market worth around $60.09B and $7.14B in sales. Current P/E ratio is 37.46 and Fwd P/E is 27.93. Profit margin for the company is 22.84%. Distance from 52-week low is 22.51% and -5.69% from its 52-week high. The company has generated returns on investments over the last 12 months (19.70%).

Monster Beverage Corp. quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $1.92B over the same period.The EPS is expected to grow by 18.40% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 12.70% in year-over-year returns.

Monster Beverage Corp. (MNST) Top Institutional Holders

1,380 institutions hold shares in Monster Beverage Corp. (MNST), with institutional investors hold 93.86% of the company’s shares. The shares outstanding are 1.04B, and float is at 752.38M with Short Float at 1.66%. Institutions hold 68.16% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 63.49 million shares valued at $3.65 billion. The investor’s holdings represent 6.06% of the MNST Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 53.32 million shares valued at $3.06 billion to account for 5.09% of the shares outstanding. The other top investors are FMR, LLC which holds 39.45 million shares representing 3.77% and valued at over $2.27 billion, while Alliancebernstein L.P. holds 3.55% of the shares totaling 37.17 million with a market value of $2.14 billion.

Monster Beverage Corp. (MNST) Insider Activity

The most recent transaction is an insider sale by HALL MARK J,the company’sDirector. SEC filings show that HALL MARK J sold 659,000 shares of the company’s common stock on Mar 04 ’24 at a price of $58.55 per share for a total of $38.58 million. Following the sale, the insider now owns 0.78 million shares.

Monster Beverage Corp. disclosed in a document filed with the SEC on Dec 14 ’23 that Carling Guy (President of EMEA) sold a total of 34,553 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $55.55 per share for $1.92 million. Following the transaction, the insider now directly holds 0.0 shares of the MNST stock.

Still, SEC filings show that on Nov 22 ’23, KELLY THOMAS J (Chief Financial Officer) disposed off 30,000 shares at an average price of $55.19 for $1.66 million. The insider now directly holds 60,056 shares of Monster Beverage Corp. (MNST).

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