Monster Beverage Corp. (NASDAQ:MNST) shares traded 1.14% higher at $54.05 on Wall Street last session.
MNST stock price is now 8.84% away from the 50-day moving average and 1.79% away from the 200-day moving average. The market capitalization of the company currently stands at $52.94B.
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With the price target enhanced from $56 to $57, BofA Securities maintained Buy rating for Monster Beverage Corp. (NASDAQ: MNST). On October 07, 2024, UBS reiterated its ‘Neutral’ rating on the stock by increasing its target price from $51 to quote $55, while ‘ROTH MKM’ rates the stock as ‘Neutral’
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 $3.68 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 $16.04 million. A total of 28.90% 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 $52187500544, which is based on a 33.65 price-to-earnings ratio, a 2.84 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for MNST is $49.6588 and a two-hundred day moving average price translates $53.09975 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.
