FY2017 Earnings Forecast for Monster Beverage Co. Issued By Jefferies Group (MNST)

Monster Beverage Co. (NASDAQ:MNST) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share estimates for Monster Beverage in a report released on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will earn $1.50 per share for the year, up from their prior estimate of $1.49. Jefferies Group has a “Buy” rating and a $72.00 price target on the stock. Jefferies Group also issued estimates for Monster Beverage’s Q4 2017 earnings at $0.39 EPS and FY2018 earnings at $1.97 EPS.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. During the same period in the previous year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year.

Other analysts have also issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage in a research report on Thursday, November 2nd. Susquehanna Bancshares lowered shares of Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price objective on the stock. in a research report on Monday, November 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price objective (up previously from $61.00) on shares of Monster Beverage in a research report on Tuesday, January 16th. Cowen reaffirmed an “outperform” rating and issued a $67.00 price objective (up previously from $58.00) on shares of Monster Beverage in a research report on Thursday, November 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $77.00 price objective (up previously from $69.00) on shares of Monster Beverage in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $63.82.

Monster Beverage (MNST) opened at $66.86 on Monday. Monster Beverage has a twelve month low of $41.02 and a twelve month high of $67.34. The firm has a market cap of $37,706.57, a PE ratio of 48.45, a P/E/G ratio of 1.89 and a beta of 0.94.

In related news, Chairman Rodney C. Sacks sold 898 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $57,929.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $902,322.99. Following the sale, the insider now directly owns 967,456 shares in the company, valued at approximately $62,429,935.68. The disclosure for this sale can be found here. In the last three months, insiders sold 268,026 shares of company stock worth $17,179,867. Insiders own 9.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MNST. Mutual of America Capital Management LLC increased its holdings in Monster Beverage by 4.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 49,591 shares of the company’s stock worth $2,464,000 after acquiring an additional 2,056 shares during the period. Vanguard Group Inc. increased its holdings in Monster Beverage by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after acquiring an additional 771,913 shares during the period. MML Investors Services LLC increased its holdings in Monster Beverage by 117.8% during the 2nd quarter. MML Investors Services LLC now owns 13,099 shares of the company’s stock worth $651,000 after acquiring an additional 7,084 shares during the period. FIL Ltd bought a new stake in Monster Beverage during the 2nd quarter worth approximately $15,494,000. Finally, M&T Bank Corp increased its holdings in Monster Beverage by 19.1% during the 2nd quarter. M&T Bank Corp now owns 39,989 shares of the company’s stock worth $1,987,000 after acquiring an additional 6,422 shares during the period. 65.69% of the stock is currently owned by institutional investors and hedge funds.

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About Monster Beverage

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Earnings History and Estimates for Monster Beverage (NASDAQ:MNST)

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