Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Monster Beverage (MNST) Stock Price
Media headlines about Monster Beverage (NASDAQ:MNST) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monster Beverage earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.9577063390779 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Global Sports Drinks Market Assessment and Revenue Gains of Key Players Forecasted during 2017-2022 (thebusinesstactics.com)
- Recent Movement: Monster Beverage Corporation (NASDAQ: MNST) (tradingnewsnow.com)
- Can Investors Expect Nonalcoholic Beverage Stocks to Rebound? (finance.yahoo.com)
- Global Functional Foods and Beverages Market 2018 – General Mills, Nestle, NBTY, Glanbia plc, Monster Beverage … (managementjournal24.com)
- How Far Will Shiny Digital Tools Take Global Beverage Giants? (finance.yahoo.com)
Several equities analysts have recently weighed in on MNST shares. BidaskClub cut Monster Beverage from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. JPMorgan Chase & Co. cut Monster Beverage from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $67.00 to $52.00 in a report on Wednesday, May 9th. SunTrust Banks lowered their price target on Monster Beverage to $50.00 and set a “hold” rating on the stock in a report on Wednesday, May 9th. ValuEngine cut Monster Beverage from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Finally, Susquehanna Bancshares set a $42.00 price target on Monster Beverage and gave the company a “sell” rating in a report on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.56.
Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Tuesday, May 8th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $850.92 million during the quarter, compared to analyst estimates of $845.88 million. Monster Beverage had a return on equity of 22.88% and a net margin of 24.69%. Monster Beverage’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. research analysts anticipate that Monster Beverage will post 1.7 earnings per share for the current fiscal year.
Monster Beverage announced that its board has approved a stock repurchase program on Wednesday, May 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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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