Monster Beverage Corp. (NASDAQ:MNST)’s traded shares stood at 0.88 million during the latest session, with the company’s beta value hitting 0.72. At the last check today, the stock’s price was $59.40, to imply an increase of 0.35% or $0.2 in intraday trading. The MNST share’s 52-week high remains $61.22, putting it -3.06% down since that peak but still an impressive 20.66% since price per share fell to its 52-week low of $47.13. The company has a valuation of $61.82B, with an average of 3.92 million shares in intraday trading volume over the past 10 days and average of 5.22 million shares over the past 3 months.
Monster Beverage Corp. (NASDAQ:MNST) trade information
After registering a 0.35% upside in the latest session, Monster Beverage Corp. (MNST) has traded red over the past five days. The stock hit a weekly high of 60.13, jumping 0.35% in its intraday price action. The 5-day price performance for the stock is -0.79%, and 6.37% over 30 days. With these gigs, the year-to-date price performance is 3.12%. Short interest in Monster Beverage Corp. (NASDAQ:MNST) saw shorts transact 12.47 million shares and set a 2.19 days time to cover.
Monster Beverage Corp. (MNST) estimates and forecasts
Looking at statistics comparing Monster Beverage Corp. share performance against respective industry, we note that the company has underperformed competitors. Monster Beverage Corp. (MNST) shares are 11.83% up over the last 6 months, with its year-to-date growth rate lower than industry average at 16.77% against 21.30%. Revenue is forecast to grow 15.80% this quarter before jumping 20.50% for the next one. The rating firms project that company’s revenue will grow 11.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is $1.92 billion. Meanwhile, for the quarter ending Jun 2024, a total of 16 analyst(s) estimate revenue growth to $2.08 billion.Earnings reports from the last fiscal year show that sales brought in $1.7 billion and $1.85 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.70% before jumping 12.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.87% for the past 5-year period. While 2024 is set for a 18.40% return in earnings, projections for the next 5 years are at 14.30% annually.
MNST Dividends
Monster Beverage Corp. has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Monster Beverage Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Monster Beverage Corp. (NASDAQ:MNST)’s Major holders
Monster Beverage Corp. insiders hold 27.38% of total outstanding shares, with institutional holders owning 68.16% of the shares at 93.86% float percentage. In total, 68.16% institutions holds shares in the company, led by Vanguard Group Inc. As of Dec 30, 2023, the company held over 63.68 million shares (or 6.12% of shares), all amounting to roughly $3.78 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 51.99 million shares, or about 5.00% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $3.09 billion.
We also have Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF as the top two Mutual Funds with the largest holdings of the Monster Beverage Corp. (MNST) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 22.92 million shares. This is just over 2.20% of the total shares, with a market valuation of $1.36 billion. Data from the same date shows that the other fund manager holds a little less at 19.03 million, or 1.83% of the shares, all valued at about 1.13 billion.
