Monster Beverage (MNST) Getting Critical Press Coverage, Study Finds

Media coverage about Monster Beverage (NASDAQ:MNST) has trended negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Monster Beverage earned a news impact score of -2.75 on their scale. InfoTrie also gave news headlines about the company an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Monster Beverage’s ranking:

Monster Beverage stock traded up $1.03 during mid-day trading on Tuesday, reaching $55.78. 2,370,939 shares of the company traded hands, compared to its average volume of 3,098,647. The company has a market cap of $31.43 billion, a P/E ratio of 38.21, a PEG ratio of 2.02 and a beta of 1.36. Monster Beverage has a 52-week low of $47.61 and a 52-week high of $70.21.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $988.73 million. Monster Beverage had a net margin of 25.86% and a return on equity of 25.47%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. As a group, sell-side analysts expect that Monster Beverage will post 1.76 EPS for the current fiscal year.

Monster Beverage declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Several research analysts recently commented on MNST shares. ValuEngine downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Guggenheim started coverage on shares of Monster Beverage in a research note on Thursday, September 13th. They issued a “buy” rating and a $72.00 target price on the stock. BidaskClub downgraded shares of Monster Beverage from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Zacks Investment Research downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Stifel Nicolaus lifted their target price on shares of Monster Beverage from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given 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 price target of $63.63.

In other Monster Beverage news, insider Emelie Tirre sold 17,000 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $60.91, for a total transaction of $1,035,470.00. Following the transaction, the insider now directly owns 46,847 shares of the company’s stock, valued at approximately $2,853,450.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.70% of the stock is currently owned by insiders.

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About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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