Monster Beverage Corp (NASDAQ: MNST) is -6.08% lower on its value in year-to-date trading and has touched a low of $43.32 and a high of $61.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MNST stock was last observed hovering at around $54.06 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $54.11, the stock is 2.45% and 5.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing 0.09% at the moment leaves the stock 2.44% off its SMA200. MNST registered -2.61% loss for a year compared to 6-month loss of -1.02%. The firm has a 50-day simple moving average (SMA 50) of $51.1206 and a 200-day simple moving average (SMA200) of $52.8333.
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The stock witnessed a 9.89% gain in the last 1 month and extending the period to 3 months gives it a 7.08%, and is 3.11% 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 2.13% over the week and 1.85% over the month.
Monster Beverage Corp (MNST) has around 6003 employees, a market worth around $53.00B and $7.39B in sales. Current P/E ratio is 33.69 and Fwd P/E is 28.43. Profit margin for the company is 22.84%. Distance from 52-week low is 24.91% and -11.62% from its 52-week high. The company has generated returns on investments over the last 12 months (25.33%).
with sales reaching $1.91B over the same period.The EPS is expected to grow by 8.86% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
Monster Beverage Corp (MNST) Top Institutional Holders
1343.0 institutions hold shares in Monster Beverage Corp (MNST), with institutional investors hold 96.23% of the company’s shares. The shares outstanding are 1.04B, and float is at 697.90M with Short Float at 3.26%. Institutions hold 68.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 65.65 million shares valued at $3.28 billion. The investor’s holdings represent 6.3063% of the MNST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 52.45 million shares valued at $2.62 billion to account for 5.0378 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 42.93 million shares representing 4.1238% and valued at over $2.14 billion, while JPMORGAN CHASE & CO holds 3.0804 of the shares totaling 32.07 million with a market value of $1.6 billion.
Monster Beverage Corp (MNST) Insider Activity
The most recent transaction is an insider sale by VIDERGAUZ MARK, the company’s Director. SEC filings show that VIDERGAUZ MARK sold 15,077 shares of the company’s common stock on Jun 11 ’24 at a price of $51.85 per share for a total of $0.78 million. Following the sale, the insider now owns 68167.0 shares.
Monster Beverage Corp disclosed in a document filed with the SEC on Jun 11 ’24 that HALL MARK J (Director) sold a total of 235,908 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $53.00 per share for $12.5 million. Following the transaction, the insider now directly holds 0.3 million shares of the MNST stock.
Still, SEC filings show that on Jun 11 ’24, SCHLOSBERG HILTON H (Vice Chairman and Co-CEO) disposed off 331,231 shares at an average price of $53.00 for $17.56 million. The insider now directly holds 43,618 shares of Monster Beverage Corp (MNST).
