Monster Beverage Corporation (MNST)

NASDAQ: MNST · IEX Real-Time Price · USD
54.11
+0.02 (0.04%)
May 17, 2024, 4:00 PM EDT - Market closed
0.04%
Market Cap 56.27B
Revenue (ttm) 7.34B
Net Income (ttm) 1.68B
Shares Out 1.04B
EPS (ttm) 1.59
PE Ratio 34.03
Forward PE 28.77
Dividend n/a
Ex-Dividend Date n/a
Volume 2,830,839
Open 53.93
Previous Close 54.09
Day's Range 53.79 - 54.24
52-Week Range 47.13 - 61.23
Beta 0.74
Analysts Buy
Price Target 60.64 (+12.07%)
Earnings Date May 2, 2024

About MNST

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. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still ... [Read more]

CEO Rodney Cyril Sacks H.Dip.Law, H.Dip.Tax
Employees 6,003
Stock Exchange NASDAQ
Ticker Symbol MNST
Full Company Profile

Financial Performance

In 2023, MNST's revenue was $7.14 billion, an increase of 13.14% compared to the previous year's $6.31 billion. Earnings were $1.63 billion, an increase of 36.87%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for MNST stock is "Buy." The 12-month stock price forecast is $60.64, which is an increase of 12.07% from the latest price.

Price Target
$60.64
(12.07% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Energy drink stocks 'have been incredible winners', says Jim Cramer

'Mad Money' host Jim Cramer talks how energy drink stocks could rev up your portfolio.

Other symbols: CELH
9 days ago - CNBC Television

Monster Beverage launches $3 billion stock buyback

Monster Beverage Corp. said Wednesday it's moving ahead with a maximum $3 billion modified “Dutch auction” tender offer that the company's CEO said is part of a potential succession plan for next year...

10 days ago - Market Watch

Monster Beverage's stock up 1.4% after company announces Dutch auction tender offer for up to $3 billion of its own stock

Monster Beverage Corp.'s stock MNST, +0.83% rose 1.4% early Wednesday, after the energy drink company said it has commenced a modified Dutch auction tender offer for up to $3.0 billion of its outstand...

10 days ago - Market Watch

Monster Beverage Corporation Commences Modified Dutch Auction Tender Offer to Purchase Up to $3.0 Billion of Its Outstanding Common Stock

CORONA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today announced that it has commenced a modified “Dutch auction” tender offer to purchase shares of its com...

10 days ago - GlobeNewsWire

EXPE, BKNG, SQ, MNST: Earnings Just Released

Expedia's (EXPE) 1Q adjusted EPS came in at -$0.21 versus an estimated -$0.37 and revenue came in at $2.89B versus an estimated $2.80B. Booking Holdings' (BKNG) 1Q revenue came in at $4.42B versus an ...

Other symbols: SQBKNGEXPE
16 days ago - Schwab Network

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

16 days ago - Reuters

Monster Beverage lays out succession plans as co-CEO Rodney Sacks looks to step back

Monster Beverage MNST, -0.28% said Rodney Sacks will be reducing his responsibilities as an executive of the company starting next year.

16 days ago - Market Watch

Monster Beverage Reports 2024 First Quarter Results

-- Record First Quarter Net Sales Rise 11.8 Percent to $1.90 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million, Rise 15.6 Percent (12.6 Percent Exclusive of Ar...

16 days ago - GlobeNewsWire

Monster Beverage to Report Financial Results for 2024 First Quarter on May 2, 2024

CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, Ma...

22 days ago - GlobeNewsWire

Monster Beverage cut to sell because it's ‘no longer

Monster Beverage Corp. was downgraded two notches to sell from buy at Truist Securities because the energy drink maker is no longer seen as a high-growth business, analysts said.

23 days ago - Market Watch

3 Stocks That Look Ready to Rally in a Recovering Market

Shares of Netflix, Monster Beverage, and Linde have lagged behind the bull market's winners. That's why they have more potential to surge.

Other symbols: LINNFLX
25 days ago - Barrons

Two stocks for a stronger dollar and Fed uncertainty

The dollar has been very strong this year. This isn't a surprise.

Other symbols: HUBB
26 days ago - Market Watch

CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results

CORONA, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Press release amended to reflect a correction of the gross profit number for the three-months ended December 31, 2023 in the Condensed Consolidated St...

2 months ago - GlobeNewsWire

Monster Beverage misses revenue estimates as higher prices pinch demand

Monster Beverage missed Wall Street expectations for fourth-quarter revenue on Thursday, as budget-conscious consumers turned wary of purchasing the company's higher priced beverages and energy drinks...

2 months ago - Reuters

Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results

-- Record Fourth Quarter Net Sales Rise 14.4 Percent to $1.73 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $27.1 Million, Rise 16.1 Percent -- -- Gross Profit as a Perc...

2 months ago - GlobeNewsWire

Monster Beverage to Report Financial Results for 2023 Fourth Quarter on February 28, 2024

-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its fourt...

3 months ago - GlobeNewsWire

Why Monster Beverage is the best-performing stock of the last 30 years

Monster Beverage has grown its sales and stock price by appealing to younger blue-collar consumers interested in things such as motocross, UFC and video games.

3 months ago - CNBC

Monster Beverage Corporation's CANarchy Craft Brewery Collective to Operate as Monster Brewing Company

-- Change Will Leverage Parent Company Brand Equity -- CORONA, Calif. and LONGMONT, Colo.

3 months ago - GlobeNewsWire

Monster Beverage Announces Webcast Details for Investor Meeting/Business Update January 16, 2024

CORONA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that its Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an inve...

4 months ago - GlobeNewsWire

‘Smidcap' companies are becoming a big deal. Here's a look at some of the best.

The stocks of long-neglected small companies are finally showing signs of life as the market rally broadens. But these tiny companies still remain vastly undervalued.

5 months ago - Market Watch

Should You Pick Colgate-Palmolive Stock Over Monster Beverage After The Latter's 2x Gains This Year?

Given its better valuation, we believe that Colgate-Palmolive stock (NYSE: CL) is a better pick than Monster Beverage stock (NASDAQ NDAQ : MNST). Although these companies have different businesses, we...

Other symbols: CL
5 months ago - Forbes

7 Powerhouse Stocks Investors Keep Buying on the Dips

While many stocks have struggled in the past couple of years, shares of some of the U.S.'s best businesses keep chugging higher.

Other symbols: AAPLBKNGDINDRISBUXZS
6 months ago - Barrons

Monster Beverage Board Authorizes New $500.0 Million Share Repurchase Program

CORONA, Ca., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase o...

6 months ago - GlobeNewsWire

Monster Beverage Reports 2023 Third Quarter Financial Results

-- Record Third Quarter Net Sales Rise 14.3 Percent to $1.86 Billion -- -- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $29.2 Million, Rise 16.1 Percent -- -- Gross Profit as a Perce...

7 months ago - GlobeNewsWire

Monster Beverage to Report Financial Results for 2023 Third Quarter on November 2, 2023

-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its third...

7 months ago - GlobeNewsWire