Monster Beverage Corp (NASDAQ: MNST) is -6.16% 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 $53.98 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $54.06, the stock is 0.16% and 2.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing 0.15% at the moment leaves the stock 2.49% off its SMA200. MNST registered -2.10% loss for a year compared to 6-month gain of 2.58%. The firm has a 50-day simple moving average (SMA 50) of $52.7446 and a 200-day simple moving average (SMA200) of $52.7488.
The stock witnessed a 1.16% loss in the last 1 month and extending the period to 3 months gives it a 14.34%, and is 3.96% 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 2.07% over the week and 2.42% over the month.
Monster Beverage Corp (MNST) has around 6003 employees, a market worth around $52.65B and $7.41B in sales. Current P/E ratio is 34.73 and Fwd P/E is 29.08. Profit margin for the company is 21.66%. Distance from 52-week low is 24.79% and -11.70% from its 52-week high. The company has generated returns on investments over the last 12 months (24.42%).
The EPS is expected to grow by 6.34% this year.
Monster Beverage Corp (MNST) Top Institutional Holders
1333.0 institutions hold shares in Monster Beverage Corp (MNST), with institutional investors hold 96.03% of the company’s shares. The shares outstanding are 1.04B, and float is at 692.90M with Short Float at 3.00%. Institutions hold 68.40% 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 6.3786% 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 4.1711% and valued at over $2.14 billion, while JPMORGAN CHASE & CO holds 3.1158 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 10,000 shares of the company’s common stock on Nov 12 ’24 at a price of $56.21 per share for a total of $0.56 million. Following the sale, the insider now owns 58167.0 shares.
Still, SEC filings show that on Jun 11 ’24, VIDERGAUZ MARK (Director) disposed off 15,077 shares at an average price of $51.85 for $0.78 million. The insider now directly holds 68,167 shares of Monster Beverage Corp (MNST).
