FY2027 Earnings Forecast for MNST Issued By Roth Capital

Monster Beverage Co. (NASDAQ:MNST) – Roth Capital issued their FY2027 earnings per share (EPS) estimates for Monster Beverage in a note issued to investors on Tuesday, March 11th. Roth Capital analyst S. Mcgowan forecasts that the company will post earnings per share of $2.36 for the year. The consensus estimate for Monster Beverage’s current full-year earnings is $1.62 per share.

A number of other research analysts have also weighed in on the company. UBS Group raised their price objective on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Price Performance

NASDAQ:MNST opened at $54.34 on Wednesday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $50.75 and its two-hundred day simple moving average is $51.67. The stock has a market cap of $52.88 billion, a PE ratio of 34.83, a P/E/G ratio of 2.28 and a beta of 0.71. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.21.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%.

Institutional Trading of Monster Beverage

A number of large investors have recently modified their holdings of MNST. CWA Asset Management Group LLC purchased a new stake in shares of Monster Beverage in the third quarter valued at approximately $354,000. Axxcess Wealth Management LLC boosted its holdings in shares of Monster Beverage by 41.0% in the third quarter. Axxcess Wealth Management LLC now owns 22,200 shares of the company’s stock valued at $1,158,000 after purchasing an additional 6,454 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Monster Beverage by 0.7% in the third quarter. Crossmark Global Holdings Inc. now owns 49,077 shares of the company’s stock valued at $2,561,000 after purchasing an additional 351 shares during the period. Ashton Thomas Securities LLC boosted its holdings in shares of Monster Beverage by 13.5% in the third quarter. Ashton Thomas Securities LLC now owns 15,802 shares of the company’s stock valued at $824,000 after purchasing an additional 1,874 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Monster Beverage by 12.8% in the third quarter. Venturi Wealth Management LLC now owns 4,864 shares of the company’s stock valued at $254,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark J. Hall sold 48,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the transaction, the director now directly owns 296,846 shares in the company, valued at approximately $16,293,876.94. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

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.