Monster Beverage (MNST) Scheduled to Post Quarterly Earnings on Wednesday

Monster Beverage (NASDAQ:MNST) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Monster Beverage to post earnings of $0.45 per share for the quarter. Individual that are interested in participating in the company’s conference call can do so using this link.

Monster Beverage Stock Up 2.0 %

NASDAQ MNST traded up $1.02 during trading on Tuesday, reaching $51.49. 2,390,406 shares of the stock traded hands, compared to its average volume of 7,248,411. Monster Beverage has a fifty-two week low of $47.13 and a fifty-two week high of $61.22. The firm has a market cap of $53.64 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. The stock’s 50-day moving average price is $50.43 and its 200 day moving average price is $54.04.

Analysts Set New Price Targets

MNST has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on shares of Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. TD Cowen lowered their price target on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Roth Mkm decreased their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Finally, Morgan Stanley dropped their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.33.

Insiders Place Their Bets

In other news, CEO Hilton H. Schlosberg sold 42,144 shares of Monster Beverage stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the completion of the sale, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of Monster Beverage stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The disclosure for this sale can be found here. Insiders have sold 307,221 shares of company stock worth $16,070,374 in the last three months. 7.80% of the stock is currently owned by corporate insiders.

About Monster Beverage

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.