In yesterday’s Wall Street session, Monster Beverage Corp. (NASDAQ:MNST) shares traded at $51.89, down -0.06% from the previous session.
MNST stock price is now -5.30% away from the 50-day moving average and -6.15% away from the 200-day moving average. The market capitalization of the company currently stands at $54.06B.
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With the price target reduced from $61 to $60, UBS maintained Neutral rating for Monster Beverage Corp. (NASDAQ: MNST). On May 03, 2024, Piper Sandler reiterated its ‘Neutral’ rating on the stock by increasing its target price from $58 to quote $59, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, HALL MARK J, Director sold 659,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $38,584,450 at an average price of $58.55. Upon completion of the transaction, the Director now directly owns 777,840 shares in the company, valued at $40.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, President of EMEA Carling Guy sold 34,553 shares of the business’s stock. A total of $1,919,419 was realized by selling the stock at an average price of $55.55. A total of 27.29% of the company’s stock is owned by insiders.
During the past 12 months, Monster Beverage Corp. has had a low of $47.13 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.91, and a quick ratio of 4.15. According to the stock market information, the enterprise value for the company is $50556461056, which is based on a 32.71 price-to-earnings ratio, a 2.42 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for MNST is $54.6328 and a two-hundred day moving average price translates $55.25885 for the stock.
The latest earnings results from Monster Beverage Corp. (NASDAQ: MNST) was released for 2024-03-31. The net profit margin was 22.83% and return on equity was 20.98% for MNST. The company reported revenue of $1.9 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.78 percent.
