Stocks of Monster Beverage Corp. (NASDAQ:MNST) traded higher last session on Wall Street, up 0.17% to $48.38.
MNST stock price is now -1.44% away from the 50-day moving average and -10.12% away from the 200-day moving average. The market capitalization of the company currently stands at $47.39B.
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With the price target reduced from $56 to $50, ROTH MKM maintained Neutral rating for Monster Beverage Corp. (NASDAQ: MNST). On August 09, 2024, Truist reiterated its ‘Sell’ rating on the stock by increasing its target price from $46 to quote $40, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, VIDERGAUZ MARK, Director sold 15,077 shares of the company’s stock on Jun 11 ’24. The stock was sold for $781,801 at an average price of $51.85. Upon completion of the transaction, the Director now directly owns 68,167 shares in the company, valued at $3.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’24, Director HALL MARK J sold 235,908 shares of the business’s stock. A total of $12,503,124 was realized by selling the stock at an average price of $53.00. This leaves the insider owning 296,846 shares of the company worth $14.36 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 $43.32 and a high of $61.22. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 3.41, and a quick ratio of 2.69. According to the stock market information, the enterprise value for the company is $46555123712, which is based on a 30.12 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for MNST is $49.0868 and a two-hundred day moving average price translates $53.8285 for the stock.
The latest earnings results from Monster Beverage Corp. (NASDAQ: MNST) was released for 2024-06-30. The net profit margin was 22.84% and return on equity was 24.62% for MNST. The company reported revenue of $1.9 billion for the quarter, compared to $1.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.46 percent. For the current quarter, analysts expect MNST to generate $1.92B in revenue.
