In yesterday’s Wall Street session, Monster Beverage Corp. (NASDAQ:MNST) shares traded at $49.09, up 0.84% from the previous session.
MNST stock price is now -7.23% away from the 50-day moving average and -10.47% away from the 200-day moving average. The market capitalization of the company currently stands at $51.14B.
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With the price target reduced from $63 to $57, Stifel maintained Buy rating for Monster Beverage Corp. (NASDAQ: MNST). On May 03, 2024, UBS reiterated its ‘Neutral’ rating on the stock by increasing its target price from $61 to quote $60, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, SACKS RODNEY C, Chairman and Co-CEO sold 331,231 shares of the company’s stock on Jun 11 ’24. The stock was sold for $17,555,243 at an average price of $53.00. Upon completion of the transaction, the Chairman and Co-CEO now directly owns 43,618 shares in the company, valued at $2.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Vice Chairman and Co-CEO SCHLOSBERG HILTON H sold 331,231 shares of the business’s stock. A total of $17,555,243 was realized by selling the stock at an average price of $53.00. This leaves the insider owning 43,618 shares of the company worth $2.14 million. A total of 27.18% 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 $47639621632, which is based on a 30.94 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for MNST is $52.8026 and a two-hundred day moving average price translates $54.79585 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.
