|Bid||59.50 x 300|
|Ask||62.00 x 600|
|Day's range||60.83 - 61.71|
|52-week range||47.61 - 70.22|
|PE ratio (TTM)||41.33|
|Earnings date||6 Aug 2018 - 10 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||62.63|
Monster Beverage (MNST) should be able to raise prices to sustain profit margins without damaging its business, according to new research. In a Wednesday note, Stifel analysts—who set a $65 price target, about 7% above current levels and FactSet’s mean around $61, on the shares—said the energy drink maker was in a good position to charge more for its products, a margin protection strategy management and investors have discussed in recent months. “We anticipate Monster will have relatively little difficulty passing on a price increase,” the analysts wrote.
Can Investors Expect Nonalcoholic Beverage Stocks to Rebound? In the first quarter of 2018, the revenue growth of Coca-Cola (K), PepsiCo (PEP), and Monster Beverage (MNST) was -16.4%, 4.3%, and 14.7%, respectively. Coca-Cola’s reported revenue declined for the 12th straight quarter in the first quarter due to the impact of refranchising of bottling operations.
Can Investors Expect Nonalcoholic Beverage Stocks to Rebound? Currently, the majority of analysts have a “buy” recommendation for Coca-Cola (KO), PepsiCo (PEP), and Monster Beverage (MNST) stocks. As of June 29, Coca-Cola stock had a “buy” recommendation from 52% of the 27 analysts covering the soda giant.
As of June 29, Coca-Cola (KO), PepsiCo (PEP), and Monster Beverage (MNST) have declined 4.4%, 9.2%, and 9.5%, respectively, since the start of 2018. In contrast, Dr Pepper Snapple (DPS) stock has risen 25.7% on a YTD (year-to-date) basis. Dr Pepper Snapple stock surged following the news of its merger with Keurig Green Mountain.
New digital software promises to provide more visual insight into what's happening on grocery and convenience store shelves.
Should the possibility of a takeover by Coca-Cola (KO) be one of your reasons for liking Monster Beverage (MNST) shares? Coca-Cola is already important to Monster’s fortunes. A merger would naturally take things a good bit further: Monster’s market capitalization is (very) roughly a fifth of Coke’s. Jefferies also likes Monster’s potential for sales growth and market share expansion overseas, and earlier this month it boosted its “base case” price target to $63 for that reason, as well as the expectation that it might raise prices to combat margin pressure.
On June 8, Monster Beverage (MNST) stock was rated a “buy” by 13 of 18 (72.0%) analysts. Several analysts have revised their price targets for Monster Beverage stock following its first-quarter results, which were announced on May 8. On May 9, Jefferies revised its price estimate for Monster Beverage stock to $62.00 from $67.00.
Monster Beverage (MNST) stock rose 5.0% on June 8 in response to positive statements made by the company’s CEO at the annual shareholder meeting. In an update provided to the investors, the company’s chairman and CEO, Rodney Sacks, disclosed that Monster Beverage is performing well in the US market with gains in market share and higher sales in non-traditional channels like foodservice accounts and e-commerce. Monster Beverage is expected to increase the prices of its products to combat increasing costs.
It didn't look good this morning, but the Dow Jones Industrial Average ended up finishing higher Friday. •...and ponder the drop in Skyworks Solutions (SWKS). Consider: The S&P 500 closed at its highest level since March 12.
Stocks that moved substantially or traded heavily on Friday: Broadcom Inc., down $6.71 to $257.97 The chipmaker's revenue forecast was slightly lower than analysts expected. Stitch Fix Inc., up $5.21 to ...
About a month ago, we discussed the possibility of Monster Beverage (MNST) looking to raise prices amid some margin pressure. Raising prices on the company’s drinks could help sustain margins in the face of commodity price increases.
Monster Beverage (MNST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Contraction in gross margin due to softness in beverage industry and higher expenses is a concern for Monster Beverage (MNST).
Monster Beverage (MNST) stock rose 5.4% to $51.96 on May 30 in reaction to the company’s announcement of its new share repurchase program. Monster Beverage’s board of directors has approved a new share repurchase program that authorizes the repurchase of up to $500 million of the company’s common stock. Monster Beverage exhausted its authorized limit of $250 million under its previous share repurchase program.
The Dow Jones Industrial Average soared more than 300 points today, making back nearly all of yesterday's Italy-related drop. •...explain why Monster Beverage (MNST) was the best-performing stock in the S&P 500. The Dow Jones Industrial Average gained 306 points today.
Shares of Monster Beverage were up nearly 6% Wednesday afternoon, putting them among the Barron’s Next 50’s biggest gainers, after the energy drink company announced a new buyback program. That investors ...
Investors see the energy drink giant's large and swift share buyback actions as a strong vote of confidence by the company's own leadership.
Monster Beverage Corp. said Wednesday its board has approved a new share buyback program of up to 4500 million. Shares were not yet active premarket, but are down 2.8% in the last 12 months, while the ...