Monster Beverage (MNST) Expected to Announce Earnings on Thursday

Monster Beverage (NASDAQ:MNST) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $1.80 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Monster Beverage Trading Down 0.8 %

Shares of Monster Beverage stock opened at $52.56 on Tuesday. The company has a market capitalization of $51.12 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a fifty day moving average of $50.19 and a 200 day moving average of $51.03. Monster Beverage has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Analysts Set New Price Targets

Several research analysts have commented on MNST shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. BNP Paribas dropped their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. UBS Group dropped their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus increased their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Argus increased their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average target price of $55.53.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.