During the recent session, Monster Beverage Corp (NASDAQ:MNST)’s traded shares were 2.3 million, with the beta value of the company hitting 0.59. At the last check today, the stock’s price was $61.53, reflecting an intraday gain of 2.32% or $1.39. The 52-week high for the MNST share is $61.29, that puts it up 0.39 from that peak though still a striking 29.6% gain since the share price plummeted to a 52-week low of $43.32. The company’s market capitalization is $60.01B, and the average trade volume was 6.16 million shares over the past three months.
Monster Beverage Corp (MNST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. MNST has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.49.
Monster Beverage Corp (NASDAQ:MNST) trade information
Monster Beverage Corp (MNST) registered a 2.32% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.32% in intraday trading to $61.53, hitting a weekly high. The stock’s 5-day price performance is 2.47%, and it has moved by 5.64% in 30 days. Based on these gigs, the overall price performance for the year is 12.55%.
The consensus price target of analysts on Wall Street is $58.5, which implies a decrease of -5.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $57 and $60 respectively. As a result, MNST is trading at a premium of 2.49% off the target high and 7.36% off the low.
Monster Beverage Corp (MNST) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.08B as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 2.04B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.9B and 1.88B respectively. In this case, analysts expect current quarter sales to grow by 9.55% and then jump by 8.37% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.01%. While earnings are projected to return 13.93% in 2025, the next five years will return 12.07% per annum.
MNST Dividends
Monster Beverage Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 52.45 million shares, is of BLACKROCK INC.’s that is approximately 5.0956% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.62 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Monster Beverage Corp (MNST) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1 . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 21.37 shares. This amounts to just over 2.19 percent of the company’s overall shares, with a $1.31 billion market value. The same data shows that the other fund manager holds slightly less at 20.04, or about 2.05% of the stock, which is worth about $1.23 billion.
