Monster Beverage (MNST) Receiving Somewhat Favorable Media Coverage, Report Shows

Media coverage about Monster Beverage (NASDAQ:MNST) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monster Beverage earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.6281751325658 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several analysts have weighed in on the company. Zacks Investment Research lowered Monster Beverage from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup set a $70.00 target price on Monster Beverage and gave the company a “buy” rating in a report on Monday, March 5th. Deutsche Bank raised Monster Beverage from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Morgan Stanley lowered their target price on Monster Beverage from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, March 2nd. Finally, BMO Capital Markets lowered their target price on Monster Beverage from $71.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage presently has a consensus rating of “Buy” and a consensus target price of $65.87.

Monster Beverage (NASDAQ MNST) traded down $0.92 on Friday, hitting $55.86. The company had a trading volume of 3,116,614 shares, compared to its average volume of 3,040,912. The firm has a market capitalization of $32,896.68, a price-to-earnings ratio of 39.06, a P/E/G ratio of 1.76 and a beta of 1.14. Monster Beverage has a fifty-two week low of $44.35 and a fifty-two week high of $70.21.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $810.40 million for the quarter, compared to analyst estimates of $841.25 million. Monster Beverage had a net margin of 24.36% and a return on equity of 22.54%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. research analysts predict that Monster Beverage will post 1.78 earnings per share for the current year.

Monster Beverage announced that its board has approved a share repurchase plan on Thursday, March 1st that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, VP Thomas J. Kelly sold 15,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $58.31, for a total transaction of $874,650.00. Following the transaction, the vice president now directly owns 9,651 shares in the company, valued at $562,749.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Rodney C. Sacks sold 189,861 shares of the stock in a transaction dated 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 ninety days, insiders have sold 323,796 shares of company stock worth $20,407,966. Corporate insiders own 9.40% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Monster Beverage (NASDAQ:MNST)

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