Monster Beverage (MNST) Receives Media Sentiment Score of 0.16
News coverage about Monster Beverage (NASDAQ:MNST) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Monster Beverage earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7430876669654 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Technical note to watch on Monster Beverage Corporation (MNST) – – Wall Street Morning (wallstreetmorning.com)
- Brokerages Anticipate Monster Beverage Co. (MNST) Will Post Quarterly Sales of $859.74 Million (americanbankingnews.com)
- Insider Selling: Monster Beverage Co. (MNST) Director Sells 7,770 Shares of Stock (americanbankingnews.com)
- Monster Beverage Stumbles: Should Investors Worry? (finance.yahoo.com)
A number of research firms have recently weighed in on MNST. Deutsche Bank initiated coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price objective for the company. Susquehanna Bancshares set a $51.00 price target on shares of Monster Beverage and gave the company a “sell” rating in a report on Monday, November 20th. Citigroup downgraded shares of Monster Beverage to a “neutral” rating and reduced their price target for the company from $56.00 to $51.00 in a report on Monday, November 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 5th. Finally, BidaskClub raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.29.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, February 28th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The business had revenue of $810.40 million for the quarter, compared to analysts’ expectations of $841.25 million. Monster Beverage had a net margin of 24.36% and a return on equity of 22.54%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. sell-side analysts predict that Monster Beverage will post 1.78 earnings per share for the current year.
Monster Beverage announced that its board has authorized a stock buyback program on Thursday, March 1st that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
In related news, Director Norman Epstein sold 7,770 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $56.09, for a total value of $435,819.30. Following the completion of the sale, the director now directly owns 14,280 shares in the company, valued at approximately $800,965.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rodney C. Sacks sold 697 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total value of $44,963.47. Following the transaction, the chief executive officer now owns 963,789 shares of the company’s stock, valued at $62,174,028.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,796 shares of company stock valued at $17,615,686. Corporate insiders own 9.40% of the company’s stock.
About Monster Beverage
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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