Monster Beverage Corporation [MNST] Stock trading around $90.61 per share: What’s Next?

Monster Beverage Corporation [NASDAQ: MNST] loss -0.28% or -0.25 points to close at $90.61 with a heavy trading volume of 1771472 shares. The company report on June 8, 2021 that Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders.

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Monster Beverage Corporation (NASDAQ:MNST) announced that the Company will host a live webcast of its Annual Meeting of Stockholders on Tuesday, June 15, 2021. The live webcast will start at 2:30 p.m. Pacific Time.

A live webcast of the Annual Meeting can be accessed through www.virtualshareholdermeeting.com/MNST2021. For those who are not able to listen to the live webcast, the event will be archived for approximately one year on the Company’s website at www.monsterbevcorp.com, under the “Events & Presentations” section.

It opened the trading session at $90.86, the shares rose to $91.17 and dropped to $90.31, the range by which the price of stock traded the whole day. The daily chart for MNST points out that the company has recorded 0.01% gains over the past six months. However, it is still -30.3% lower than its most recent low trading price.

If we look at the average trading volume of 1.98M shares, MNST reached to a volume of 1771472 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $104.56 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 2.10. 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.

Truist have made an estimate for Monster Beverage Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 07, 2021. The new note on the price target was released on February 26, 2021, representing the official price target for Monster Beverage Corporation stock. Previously, the target price had yet another raise to $100, while Bernstein analysts kept a Mkt Perform rating on MNST stock. On January 15, 2021, analysts increased their price target for MNST shares from 95 to 105.

The Average True Range (ATR) for Monster Beverage Corporation is set at 1.45, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 10.05. The Price to Book ratio for the last quarter was 8.76, with the Price to Cash per share for the same quarter was set at 4.07. Price to Free Cash Flow for MNST in the course of the last twelve months was 36.89 with Quick ratio for the last quarter at 3.90.

Trading performance analysis for MNST stock

Monster Beverage Corporation [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.93. With this latest performance, MNST shares dropped by -4.99% in over the last four-week period, additionally plugging by 0.01% over the last 6 months – not to mention a rise of 27.06% 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 40.67, with the RSI for the last a single of trading hit 37.62, and the three-weeks RSI is set at 43.10 for Monster Beverage Corporation [MNST]. The present Moving Average for the last 50 days of trading for this stock 93.03, while it was recorded at 91.11 for the last single week of trading, and 88.70 for the last 200 days.

Monster Beverage Corporation [MNST]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Monster Beverage Corporation [MNST] shares currently have an operating margin of +35.52 and a Gross Margin at +59.23. Monster Beverage Corporation’s Net Margin is presently recorded at +30.65.

Return on Total Capital for MNST is now 34.83, given the latest momentum, and Return on Invested Capital for the company is 30.08. Return on Equity for this stock inclined to 30.21, with Return on Assets sitting at 24.42. When it comes to the capital structure of this company, Monster Beverage Corporation [MNST] has a Total Debt to Total Equity ratio set at 0.35. Additionally, MNST Total Debt to Total Capital is recorded at 0.35, with Total Debt to Total Assets ending up at 0.29. Long-Term Debt to Equity for the company is recorded at 0.30, with the Long-Term Debt to Total Capital now at 0.30.

Reflecting on the efficiency of the workforce at the company, Monster Beverage Corporation [MNST] managed to generate an average of $384,505 per employee. Receivables Turnover for the company is 7.62 with a Total Asset Turnover recorded at a value of 0.80.Monster Beverage Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 4.40.

Monster Beverage Corporation [MNST]: An earnings per share (EPS) analysis

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 14.86%.

An analysis of insider ownership at Monster Beverage Corporation [MNST]

There are presently around $30,735 million, or 65.40% of MNST stock, in the hands of institutional investors. The top three institutional holders of MNST stocks are: FMR LLC with ownership of 30,107,125, which is approximately -2.174% of the company’s market cap and around 28.72% of the total institutional ownership; VANGUARD GROUP INC, holding 29,118,160 shares of the stock with an approximate value of $2.64 billion in MNST stocks shares; and BLACKROCK INC., currently with $2.32 billion in MNST stock with ownership of nearly 1.615% of the company’s market capitalization.

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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 358 institutional holders increased their position in Monster Beverage Corporation [NASDAQ:MNST] by around 19,204,900 shares. Additionally, 332 investors decreased positions by around 17,947,889 shares, while 106 investors held positions by with 302,043,968 shares. The mentioned changes placed institutional holdings at 339,196,757 shares, according to the latest SEC report filing. MNST stock had 97 new institutional investments in for a total of 5,290,436 shares, while 79 institutional investors sold positions of 1,407,535 shares during the same period.

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