Monster Beverage Falls Flat Despite Record Sales


Monster Beverage Corporation has a four bull (high rated) technical rating because it's trading above both its 50- and 200 day simple moving averages. William Blair Investment Management, LLC augmented its position by buying 171,577 shares an increase of 8.6% from 03/31/2017 to 06/30/2017.

MNST has been the subject of a number of research analyst reports. As of quarter end Frontier Capital Management Co LLC had bought 524,329 shares growing its position 80.9%. But for now, the stock price is moving slightly higher and does have room to the upside before it hits a potential wall of resistance and an overbought momentum rating of five bulls. Macquarie Group Ltd. now owns 19,900 shares of the company's stock worth $882,000 after buying an additional 14,580 shares during the last quarter. The stock has been upbeat for quite some time as is up 1.17% for the last 20 trading days, and now the firm's performance is turning out to be bullish with a 2.23% gain for the week.

Investors in Monster Beverage disliked the shortfalls in the beverage-giant's quarterly results, and the stock responded by falling almost 6% in after-hours trading following the announcement. BlackRock Inc. now owns 21,560,695 shares of the company's stock worth $995,459,000 after buying an additional 20,475,879 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of Monster Beverage Corporation by 7,367.2% in the first quarter. The Motley Fool owns shares of and recommends Monster Beverage. Goldman Sachs Group Inc cut Monster Beverage Corporation from a "conviction-buy" rating to a "buy" rating and set a $54.00 price target for the a research note on Monday, April 17th. Can's holdings in Monster Beverage Corporation were worth $21,211,000 as of its most recent filing with the SEC. Renaissance Technologies LLC now owns 1,804,200 shares of the company's stock worth $83,300,000 after buying an additional 1,350,700 shares in the last quarter. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 31.33. The Volatility was noted at 1.08% in recent month and it observed Weekly Volatility of 1.06%.

Heading into the earnings release, covering analysts have a consensus target price of $56.06 on Monster Beverage Corporation shares. Susquehanna Bancshares Inc reiterated a "hold" rating on shares of Monster Beverage Corporation in a report on Monday. Growth rates also have to remain strong, and energy-drink giant Monster Beverage (NASDAQ: MNST) has had to deal with the consequences of increasing size and greater market share on its ability to sustain lightning-fast sales gains. If the stock price is unchanged its weighted alpha will be smaller. The company had revenue of $742.10 million during the quarter, compared to analysts' expectations of $738.54 million. During the same quarter in the previous year, the business earned $0.79 EPS.

"We are pleased to report that gross sales in the quarter exceeded a record $1 billion, marking a milestone in the Company's progress".

In terms of earnings per share, 15 analysts have a 0.40 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 15 analysts have a 0.37 EPS mean target and for the quarter ending Dec-17 there are 15 estimates of 1.49 EPS.

WARNING: This piece was originally reported by Transcript Daily and is the sole property of of Transcript Daily. Royal Bank Of Canada reissued an "outperform" rating and issued a $61.00 price target on shares of Monster Beverage Corporation in a research note on Friday, June 23rd. On March 16 the stock rating was upgraded to "Conviction Buy" from "Buy" with a current price target of $160.00 in a report from Goldman Sachs.

Monster Beverage's second-quarter results continued a run of slower growth for the company.



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