Monster Beverage Corp (NASDAQ:MNST) – Equities research analysts at SunTrust Banks lifted their Q1 2019 earnings per share estimates for shares of Monster Beverage in a report issued on Tuesday, January 8th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $0.44 per share for the quarter, up from their previous estimate of $0.43. SunTrust Banks currently has a “Buy” rating and a $65.00 price target on the stock. SunTrust Banks also issued estimates for Monster Beverage’s Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.57 EPS, FY2019 earnings at $2.05 EPS and FY2020 earnings at $2.32 EPS.
Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Monster Beverage had a return on equity of 25.47% and a net margin of 25.86%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $988.73 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was up 11.7% compared to the same quarter last year.
Shares of Monster Beverage stock opened at $53.26 on Wednesday. Monster Beverage has a 12-month low of $47.61 and a 12-month high of $70.21. The company has a market cap of $27.53 billion, a PE ratio of 36.48, a P/E/G ratio of 1.58 and a beta of 1.45.
In other Monster Beverage news, Director Harold C. Taber, Jr. sold 9,000 shares of the stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $54.55, for a total transaction of $490,950.00. Following the transaction, the director now owns 77,238 shares in the company, valued at approximately $4,213,332.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Kelly sold 14,661 shares of the stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $53.73, for a total value of $787,735.53. Following the transaction, the executive vice president now owns 24,312 shares in the company, valued at approximately $1,306,283.76. The disclosure for this sale can be found here. 9.70% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC acquired a new stake in shares of Monster Beverage during the 4th quarter worth $70,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Monster Beverage by 287.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,900 shares of the company’s stock worth $111,000 after purchasing an additional 1,409 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Monster Beverage by 17.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,017 shares of the company’s stock worth $118,000 after purchasing an additional 300 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Monster Beverage during the 3rd quarter worth $129,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $175,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.
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