Zacks: Brokerages Anticipate Monster Beverage Co. (MNST) Will Post Quarterly Sales of $841.52 Million

Brokerages expect Monster Beverage Co. (NASDAQ:MNST) to report $841.52 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Monster Beverage’s earnings, with estimates ranging from $833.30 million to $850.20 million. Monster Beverage posted sales of $753.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The business is expected to announce its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Monster Beverage will report full year sales of $841.52 million for the current fiscal year, with estimates ranging from $3.39 billion to $3.41 billion. For the next year, analysts forecast that the firm will report sales of $3.81 billion per share, with estimates ranging from $3.73 billion to $3.92 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Monster Beverage.

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

A number of analysts have issued reports on the company. BidaskClub raised Monster Beverage from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Susquehanna Bancshares reaffirmed a “sell” rating and issued a $56.00 price objective on shares of Monster Beverage in a research note on Thursday, January 18th. BMO Capital Markets lifted their price objective on Monster Beverage to $71.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Cowen reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Monster Beverage in a research note on Monday, January 22nd. Finally, Zacks Investment Research raised Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $64.41.

In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of Monster Beverage stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $902,322.99. Following the completion of the transaction, the insider now owns 967,456 shares in the company, valued at approximately $62,429,935.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Rodney C. Sacks sold 189,861 shares of Monster Beverage stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,026 shares of company stock valued at $17,179,867. Company insiders own 9.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in MNST. Liberty Capital Management Inc. boosted its holdings in Monster Beverage by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after acquiring an additional 2,028 shares during the period. Bessemer Group Inc. boosted its holdings in Monster Beverage by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock valued at $148,000 after acquiring an additional 2,143 shares during the period. Valeo Financial Advisors LLC purchased a new position in Monster Beverage during the 3rd quarter valued at $169,000. Penserra Capital Management LLC purchased a new position in Monster Beverage during the 3rd quarter valued at $182,000. Finally, Covington Capital Management purchased a new position in Monster Beverage during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Shares of Monster Beverage (NASDAQ:MNST) opened at $66.63 on Friday. Monster Beverage has a 12 month low of $41.02 and a 12 month high of $70.21. The stock has a market capitalization of $37,576.86, a P/E ratio of 48.28, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09.

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Monster Beverage Company Profile

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.

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

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