Profile
Sector:
Consumer DefensiveIndustry:
Non-Alcoholic BeveragesCountry:
United StatesIPO:
09 December 1985Website:
http://www.monsterbevcorp.comNext earnings report:
01 November 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 3 min agoDividend
Analysts recommendations
Institutional Ownership
MNST Latest News
Monster's strong brand insulates it from competitors, making it a solid investment despite recent performance lagging behind SPY. Energy drink market growth outpaces overall soft drinks, with Monster's alcohol ventures offering additional growth potential, making it a compelling investment. Recent sales weakness presents an opportunity to invest at fair value.
Monster Beverage's recent drop in price offers a great chance to buy, thanks to its strong brand, steady long-term growth, and solid profits. Although revenue growth has slowed and there are challenges from foreign exchange and the economy in Argentina, the main business is still doing well. Additionally, Monster's focus on innovation, such as new products and entry into affordable and alcoholic drinks, supports its potential for future growth.
MNST is experiencing growth in its energy drink segment. Additionally, its plans for expansion look promising.
The rivalry among beverage brands is a popular subject, and Jefferies commented today that Red Bull's new flavors are "taking market share" from Celsius Holdings Inc (NASDAQ:CELH) and Monster Beverage Corp (NASDAQ:MNST).
Monster Beverage Corporation's MNST stock has dropped by 13.8% so far this year, which is worse than its industry competitors and the S&P 500 index. This decline contrasts with the growth of 12.4% in the industry and 10.4% in the Consumer Staples sector.
Even though the results for the second quarter of 2024 were not good, I believe that demand will get better due to new product releases, price hikes, and strong growth in international markets. Improvements in gross margins and favorable commodity prices will help boost earnings. I still recommend buying Monster Beverage stock, as I anticipate a recovery in growth and good potential for gains.
Monster Beverage (MNST) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
CORONA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) has announced that its Board of Directors has approved a new program to buy back up to $500 million of its common stock. As of today, there are no funds left from the previous buyback program. The company plans to carry out these repurchases in the open market or through other methods, depending on market conditions, and can pause or stop the buybacks at any time.
Market chaos can make even experienced investors feel anxious. Fortunately, there are some stocks that can provide stability during tough times.
Look into how Monster Beverage's (MNST) international revenue has changed over time and how this impacts Wall Street's predictions and the future of the stock.
What type of business is Monster Beverage?
Monster Beverage Corporation is one of the largest American companies manufacturing and selling energy drinks, with its headquarters located in Corona, California. The company was founded under the name Hansen's in 1935 in Southern California and initially sold juice products, then in 2012 the company was renamed Monster Beverage. Monster Beverage specializes in the sale and distribution of carbonated energy drinks, non-carbonated milk-based coffee, non-carbonated energy teas and cocktails, as well as concentrates for them. The products are sold under the brand names Monster Energy, Monster Energy Ultra, Monster Rehab, Monster MAXX, Muscle Monster, Espresso Monster, Juice Monster, Burn, and others.
What sector is Monster Beverage in?
Monster Beverage is in the Consumer Defensive sector
What industry is Monster Beverage in?
Monster Beverage is in the Non-Alcoholic Beverages industry
What country is Monster Beverage from?
Monster Beverage is headquartered in United States
When did Monster Beverage go public?
Monster Beverage initial public offering (IPO) was on 09 December 1985
What is Monster Beverage website?
https://www.monsterbevcorp.com
Is Monster Beverage in the S&P 500?
Yes, Monster Beverage is included in the S&P 500 index
Is Monster Beverage in the NASDAQ 100?
Yes, Monster Beverage is included in the NASDAQ 100 index
Is Monster Beverage in the Dow Jones?
No, Monster Beverage is not included in the Dow Jones index
When was Monster Beverage the previous earnings report?
No data
When does Monster Beverage earnings report?
The next expected earnings date for Monster Beverage is 01 November 2024