Market Analysts see Monster Beverage Corporation [MNST] gaining to $117. Time to buy?

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Monster Beverage Corporation [NASDAQ: MNST] closed the trading session at $88.06 on 06/14/22. The day’s price range saw the stock hit a low of $85.76, while the highest price level was $88.36. The company report on June 14, 2022 that Monster Beverage Board Authorizes New $500.0 Million Share Repurchase Program.


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Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company’s outstanding common stock. As of June 14, 2022, approximately $157.4 million remained available for repurchase under the Company’s previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions, and the share repurchases may be suspended or discontinued at any time.

Monster Beverage CorporationBased in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® energy drinks, Monster Energy Ultra® energy drinks, Juice Monster® Energy + Juice energy drinks, Java Monster® non-carbonated coffee + energy drinks, Espresso Monster® non-carbonated espresso + energy drinks, Rehab® Monster® non-carbonated energy drinks, Monster Hydro® Energy Water non-carbonated refreshment + energy drinks, Monster Hydro Super Sport® Superior Hydration non-carbonated refreshment + energy drinks, Monster HydroSport Super Fuel® non-carbonated advanced hydration + energy drinks, Monster Dragon Iced Tea® non-carbonated energy teas, Muscle Monster® non-carbonated energy shakes, Monster Energy® Nitro energy drinks, Reign Total Body Fuel® high performance energy drinks, Reign Inferno® thermogenic fuel high performance energy drinks, True North® Pure Energy Seltzer energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Burn® energy drinks, Samurai® energy drinks, Relentless® energy drinks, Mother® energy drinks, Play® and Power Play® (stylized) energy drinks, BU® energy drinks, Nalu® energy drinks, BPM® energy drinks, Gladiator® energy drinks, Ultra Energy® energy drinks, Live+® energy drinks, Predator® energy drinks and Fury® energy drinks. The Company acquired CANarchy Craft Brewery Collective LLC in February 2022 and added a number of craft beers and hard seltzers to its product portfolio. For more information visit, www.monsterbevcorp.com.

The stocks have a year to date performance of -8.31 percent and weekly performance of -3.07 percent. The stock has been moved at -1.92 percent over the last six months. The stock has performed -0.93 percent around the most recent 30 days and changed 17.29 percent over the most recent 3-months.

If compared to the average trading volume of 2.95M shares, MNST reached to a volume of 4673978 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $101.11 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.

Morgan Stanley have made an estimate for Monster Beverage Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 06, 2022. While these analysts kept the previous recommendation, Bernstein dropped their target price from $97 to $110. The new note on the price target was released on May 18, 2022, representing the official price target for Monster Beverage Corporation stock. Previously, the target price had yet another drop from $93 to $90, while JP Morgan kept a Neutral rating on MNST stock. On February 25, 2022, analysts decreased their price target for MNST shares from 109 to 105.

The Average True Range (ATR) for Monster Beverage Corporation is set at 2.55, with the Price to Sales ratio for MNST stock in the period of the last 12 months amounting to 8.23. The Price to Book ratio for the last quarter was 6.79, with the Price to Cash per share for the same quarter was set at 5.03. Price to Free Cash Flow for MNST in the course of the last twelve months was 51.85 with Quick ratio for the last quarter at 3.80.

MNST stock trade performance evaluation

Monster Beverage Corporation [MNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.07. With this latest performance, MNST shares dropped by -0.93% in over the last four-week period, additionally sinking by -1.92% over the last 6 months – not to mention a drop of -4.48% 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 51.03, with the RSI for the last a single of trading hit 49.62, and the three-weeks RSI is set at 51.95 for Monster Beverage Corporation [MNST]. The present Moving Average for the last 50 days of trading for this stock 86.15, while it was recorded at 87.83 for the last single week of trading, and 87.25 for the last 200 days.

Monster Beverage Corporation [MNST]: An insightful look at the core fundamentals

Monster Beverage Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 4.50.

Earnings per share (EPS) analysis for Monster Beverage Corporation [MNST] stock

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 14.46%.

Monster Beverage Corporation [MNST]: Insider Ownership positions

There are presently around $28,625 million, or 65.30% of MNST stock, in the hands of institutional investors. The top three institutional holders of MNST stocks are: VANGUARD GROUP INC with ownership of 30,005,150, which is approximately 1.709% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 25,839,969 shares of the stock with an approximate value of $2.18 billion in MNST stocks shares; and BLACKROCK INC., currently with $2.06 billion in MNST stock with ownership of nearly 0.618% of the company’s market capitalization.

Positions in Monster Beverage Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 378 institutional holders increased their position in Monster Beverage Corporation [NASDAQ:MNST] by around 23,730,948 shares. Additionally, 367 investors decreased positions by around 21,609,230 shares, while 98 investors held positions by with 293,455,142 shares. The mentioned changes placed institutional holdings at 338,795,320 shares, according to the latest SEC report filing. MNST stock had 89 new institutional investments in for a total of 5,300,104 shares, while 94 institutional investors sold positions of 5,930,860 shares during the same period.

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