Monster Beverage Corporation [NASDAQ: MNST] stock went on an upward path that rose over 0.41% on Thursday, amounting to a one-week price decrease of less than -0.97%. The company report on August 4, 2020 that Monster Beverage Reports 2020 Second Quarter Financial Results, Including an Update on the Impact of the COVID-19 Pandemic.
— Second Quarter Net Sales of $1.09 billion —- Second Quarter Net Income increases 6.5 percent to $311.4 million —- Second Quarter Net Income per diluted share increases 9.9 percent to $0.59 per share –.
Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2020, including an update on the impact of the COVID-19 pandemic.
Over the last 12 months, MNST stock rose by 43.05%. The one-year Monster Beverage Corporation stock forecast points to a potential upside of 4.22. The average equity rating for MNST stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $44.04 billion, with 536.06 million shares outstanding and 475.59 million shares in the current float. Compared to the average trading volume of 2.10M shares, MNST stock reached a trading volume of 1112151 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Monster Beverage Corporation [MNST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MNST shares is $86.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MNST stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Monster Beverage Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 28, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $77 to $73. The new note on the price target was released on May 11, 2020, representing the official price target for Monster Beverage Corporation stock. Previously, the target price had yet another raise from $60 to $66, while Guggenheim kept a Buy rating on MNST stock.
The Average True Range (ATR) for Monster Beverage Corporation is set at 1.60, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 10.23. The Price to Book ratio for the last quarter was 11.50, with the Price to Cash per share for the same quarter was set at 1.76. Price to Free Cash Flow for MNST in the course of the last twelve months was 43.52 with Quick ratio for the last quarter at 2.40.
MNST Stock Performance Analysis:
Monster Beverage Corporation [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.97. With this latest performance, MNST shares gained by 9.61% in over the last four-week period, additionally plugging by 19.03% over the last 6 months – not to mention a rise of 43.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MNST stock in for the last two-week period is set at 66.44, with the RSI for the last a single of trading hit 64.85, and the three-weeks RSI is set at 66.91 for Monster Beverage Corporation [MNST]. The present Moving Average for the last 50 days of trading for this stock 74.71, while it was recorded at 83.09 for the last single week of trading, and 66.11 for the last 200 days.
Insight into Monster Beverage Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Monster Beverage Corporation [MNST] shares currently have an operating margin of +33.67 and a Gross Margin at +59.95. Monster Beverage Corporation’s Net Margin is presently recorded at +26.37.
Return on Total Capital for MNST is now 36.16, given the latest momentum, and Return on Invested Capital for the company is 28.38. Return on Equity for this stock inclined to 28.47, with Return on Assets sitting at 22.30. When it comes to the capital structure of this company, Monster Beverage Corporation [MNST] has a Total Debt to Total Equity ratio set at 0.68. Additionally, MNST Total Debt to Total Capital is recorded at 0.68, with Total Debt to Total Assets ending up at 0.54. Long-Term Debt to Equity for the company is recorded at 0.59, with the Long-Term Debt to Total Capital now at 0.59.
Reflecting on the efficiency of the workforce at the company, Monster Beverage Corporation [MNST] managed to generate an average of $313,923 per employee. Receivables Turnover for the company is 8.20 with a Total Asset Turnover recorded at a value of 0.85.Monster Beverage Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.90.
MNST Stock EPS
With the latest financial reports released by the company, Monster Beverage Corporation posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MNST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Monster Beverage Corporation go to 14.14%.
Monster Beverage Corporation [MNST] Insider Position Details
There are presently around $28,486 million, or 66.60% of MNST stock, in the hands of institutional investors. The top three institutional holders of MNST stocks are: VANGUARD GROUP INC with ownership of 30,106,935, which is approximately -2.294% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 27,868,856 shares of the stock with an approximate value of $2.31 billion in MNST stocks shares; and BLACKROCK INC., currently with $2.17 billion in MNST stock with ownership of nearly 5.04% of the company’s market capitalization.
Positions in Monster Beverage Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 306 institutional holders increased their position in Monster Beverage Corporation [NASDAQ:MNST] by around 23,418,072 shares. Additionally, 297 investors decreased positions by around 22,298,030 shares, while 81 investors held positions by with 297,445,694 shares. The mentioned changes placed institutional holdings at 343,161,796 shares, according to the latest SEC report filing. MNST stock had 74 new institutional investments in for a total of 1,840,673 shares, while 64 institutional investors sold positions of 4,191,430 shares during the same period.