Brokers Issue Forecasts for MNST FY2027 Earnings

Monster Beverage Co. (NASDAQ:MNST - Free Report) - Analysts at Roth Capital issued their FY2027 earnings estimates for shares of Monster Beverage in a research report issued on Tuesday, March 11th. Roth Capital analyst S. Mcgowan expects that the company will earn $2.36 per share for the year. The consensus estimate for Monster Beverage's current full-year earnings is $1.62 per share.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%.

Several other analysts have also issued reports on MNST. Morgan Stanley boosted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Citigroup increased their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.83.

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Monster Beverage Stock Performance

MNST stock traded up $0.75 during trading on Wednesday, reaching $55.09. The stock had a trading volume of 5,016,519 shares, compared to its average volume of 6,638,967. The stock's 50 day moving average is $50.75 and its two-hundred day moving average is $51.67. The firm has a market cap of $53.61 billion, a PE ratio of 35.31, a PEG ratio of 2.28 and a beta of 0.71. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.21. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares of the company's stock, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark J. Hall sold 48,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the transaction, the director now owns 296,846 shares of the company's stock, valued at $16,293,876.94. This trade represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock valued at $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock worth $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Monster Beverage by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock worth $897,012,000 after buying an additional 1,383,914 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Monster Beverage by 9.3% in the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after purchasing an additional 734,406 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.