Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy teas and shakes, non-carbonated energy drinks, and ready-to-drink packaged energy drinks primarily to bottlers and beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to bottling and canning operations. Monster Beverage Corporation sells its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster MAXX, Java Monster, Muscle Monster, Espresso Monster, Punch Monster, Juice Monster, Monster Hydro, Caffé Monster, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play, Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, and Fury brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was incorporated in 1990 and is headquartered in Corona, California.
IPO Year:
Exchange: NASDAQ
Website: monsterbevcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $55.00 → $65.00 | Buy | Argus |
| 11/11/2024 | $50.00 → $55.00 | Hold | TD Cowen |
| 11/8/2024 | $61.00 → $59.00 | Buy | Deutsche Bank |
| 11/8/2024 | $57.00 → $59.00 | Buy | Stifel |
| 11/8/2024 | $55.00 → $57.00 | Neutral | UBS |
| 11/8/2024 | $49.00 → $52.00 | Neutral | JP Morgan |
| 11/5/2024 | $57.00 → $60.00 | Overweight | Wells Fargo |
| 11/4/2024 | $50.00 → $49.00 | Neutral | JP Morgan |
| 10/15/2024 | $56.00 → $57.00 | Buy | BofA Securities |
| 10/7/2024 | $51.00 → $55.00 | Neutral | UBS |
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
4 - Monster Beverage Corp (0000865752) (Issuer)
10-Q - Monster Beverage Corp (0000865752) (Filer)
8-K - Monster Beverage Corp (0000865752) (Filer)
8-K - Monster Beverage Corp (0000865752) (Filer)
10-Q - Monster Beverage Corp (0000865752) (Filer)
8-K - Monster Beverage Corp (0000865752) (Filer)
8-K - Monster Beverage Corp (0000865752) (Filer)
144 - Monster Beverage Corp (0000865752) (Subject)
SC TO-I/A - Monster Beverage Corp (0000865752) (Subject)
SC TO-I/A - Monster Beverage Corp (0000865752) (Subject)
8-K - Monster Beverage Corp (0000865752) (Filer)
-- Record Third Quarter Net Sales Rise 1.3 Percent to $1.88 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $62.8 Million, Rise 5.0 Percent ---- Net Income Per Diluted Share was $0.38 in the 2024 Third Quarter Compared with Net Income Per Diluted Share of $0.43 in the 2023 Third Quarter ---- Adjusted Net Income Per Diluted Share was $0.40 in the 2024 Third Quarter Compared with Adjusted Net Income Per Diluted Share of $0.41 in the 2023 Third Quarter -- CORONA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and nine-months ended
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its third quarter ended September 30, 2024, will be reported on Thursday, November 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to liste
CORONA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock. As of August 19, 2024, no amount remained available for repurchase under the Company's previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. The timing
-- Record Second Quarter Net Sales Rise 2.5 Percent to $1.90 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $67.7 Million, Rise 7.4 Percent ---- Second Quarter Diluted EPS Increases 5.0 Percent -- CORONA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and six-months ended June 30, 2024. Second Quarter ResultsNet sales for the 2024 second quarter increased 2.5 percent to $1.90 billion, from $1.85 billion in the same period last year. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2024 sec
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its second quarter ended June 30, 2024, will be reported on Wednesday, August 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to listen t
CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation ("Monster") (NASDAQ:MNST) announced today the final results of its modified "Dutch auction" tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster's common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes shares that were tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordanc
CORONA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that the Company will host a live webcast of its Annual Meeting of Stockholders on Thursday, June 13, 2024. The live webcast will start at 2:30 p.m. Pacific Time. A live webcast of the Annual Meeting can be accessed through www.virtualshareholdermeeting.com/MNST2024.For those who are not able to listen to the live webcast, the event will be archived for approximately one year on the Company's website at www.monsterbevcorp.com, under the "Events & Presentations" section. As described in the Company's proxy statement, filed April 26, 2024, only stockholders of the Company of record
CORONA, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation ("Monster") (NASDAQ:MNST) announced today the preliminary results of its modified "Dutch auction" tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of approximately 77,418,093 shares of Monster's common stock were validly tendered and not validly withdrawn at a purchase price of $53.00 per share or as purchase price tenders. Additionally, approximately 41,603,083 shares were tendered through notice of guaranteed delivery at such purchase price or as purchase price tenders. Ro
CORONA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation ("Monster") (NASDAQ:MNST) today announced that it is amending its previously announced modified "Dutch auction" tender offer to purchase shares of its common stock for cash at a price per share of not less than $53.00 and not greater than $60.00, for a maximum aggregate purchase price of up to $3.0 billion. The tender offer commenced on May 8, 2024, and will expire at 11:59 p.m., New York City time, on June 5, 2024, unless extended or earlier terminated by Monster. On May 22, 2024, Monster and certain of its subsidiaries entered into a new credit agreement providing for a new $750 million three-year delayed draw
CORONA, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that it has commenced a modified "Dutch auction" tender offer to purchase shares of its common stock for cash at a price per share of not less than $53.00 and not greater than $60.00, for a maximum aggregate purchase price of up to $3.0 billion. The tender offer begins today, May 8, 2024, and will expire at 11:59 p.m., New York City time, on June 5, 2024, unless extended or earlier terminated by Monster. The tender offer will be funded using a combination of (1) $2.0 billion of cash on hand, (2) $750.0 million in borrowings under a new term loan, and (3) $250.0 million in borrowings
Argus reiterated coverage of Monster Beverage with a rating of Buy and set a new price target of $65.00 from $55.00 previously
TD Cowen reiterated coverage of Monster Beverage with a rating of Hold and set a new price target of $55.00 from $50.00 previously
Deutsche Bank reiterated coverage of Monster Beverage with a rating of Buy and set a new price target of $59.00 from $61.00 previously
Stifel reiterated coverage of Monster Beverage with a rating of Buy and set a new price target of $59.00 from $57.00 previously
UBS reiterated coverage of Monster Beverage with a rating of Neutral and set a new price target of $57.00 from $55.00 previously
JP Morgan reiterated coverage of Monster Beverage with a rating of Neutral and set a new price target of $52.00 from $49.00 previously
Wells Fargo reiterated coverage of Monster Beverage with a rating of Overweight and set a new price target of $60.00 from $57.00 previously
JP Morgan reiterated coverage of Monster Beverage with a rating of Neutral and set a new price target of $49.00 from $50.00 previously
BofA Securities reiterated coverage of Monster Beverage with a rating of Buy and set a new price target of $57.00 from $56.00 previously
UBS reiterated coverage of Monster Beverage with a rating of Neutral and set a new price target of $55.00 from $51.00 previously
Monster Beverage's (NYSE:MNST) short percent of float has fallen 29.44% since its last report. The company recently reported that it has 22.83 million shares sold short, which is 3.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.55 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
JP Morgan analyst Andrea Teixeira maintains Monster Beverage (NASDAQ:MNST) with a Neutral and lowers the price target from $59 to $56.
Action sports company Thrill One Sports & Entertainment announced a partnership Thursday with Monster Energy, one of the most well-known energy drink brands globally. What Happened: Thrill One Sports & Entertainment is the owner of several sports brands including Nitro Circus, Nitrocross and Street League Skateboarding. The sports company is partnering with Monster Energy, a unit of Monster Beverage Corporation (NASDAQ:MNST). The multiyear partnership will include exclusive energy drink sponsorship, innovative event experiences, and branding opportunities for the two companies. Grassroots engagement and community-building will also be a big focus of the partnership. The newly announ
Citigroup analyst Filippo Falorni maintains Monster Beverage (NASDAQ:MNST) with a Buy and lowers the price target from $69 to $60.
B of A Securities analyst Peter Galbo maintains Monster Beverage (NASDAQ:MNST) with a Buy and lowers the price target from $62 to $60.
Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years by 4.82% on an annualized basis producing an average annual return of 15.74%. Currently, Monster Beverage has a market capitalization of $48.83 billion. Buying $100 In MNST: If an investor had bought $100 of MNST stock 10 years ago, it would be worth $423.78 today based on a price of $49.55 for MNST at the time of writing. Monster Beverage's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated
RBC Capital analyst Nik Modi reiterates Monster Beverage (NASDAQ:MNST) with a Outperform and maintains $64 price target.
Wells Fargo analyst Chris Carey maintains Monster Beverage (NASDAQ:MNST) with a Overweight and lowers the price target from $65 to $59.
Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years by 4.82% on an annualized basis producing an average annual return of 15.52%. Currently, Monster Beverage has a market capitalization of $48.74 billion. Buying $100 In MNST: If an investor had bought $100 of MNST stock 10 years ago, it would be worth $417.84 today based on a price of $49.47 for MNST at the time of writing. Monster Beverage's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated
Exane BNP Paribas analyst Kevin Grundy initiates coverage on Monster Beverage (NASDAQ:MNST) with a Underperform rating and announces Price Target of $48.
-- Record Third Quarter Net Sales Rise 1.3 Percent to $1.88 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $62.8 Million, Rise 5.0 Percent ---- Net Income Per Diluted Share was $0.38 in the 2024 Third Quarter Compared with Net Income Per Diluted Share of $0.43 in the 2023 Third Quarter ---- Adjusted Net Income Per Diluted Share was $0.40 in the 2024 Third Quarter Compared with Adjusted Net Income Per Diluted Share of $0.41 in the 2023 Third Quarter -- CORONA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and nine-months ended
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its third quarter ended September 30, 2024, will be reported on Thursday, November 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to liste
-- Record Second Quarter Net Sales Rise 2.5 Percent to $1.90 Billion ---- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency of $67.7 Million, Rise 7.4 Percent ---- Second Quarter Diluted EPS Increases 5.0 Percent -- CORONA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and six-months ended June 30, 2024. Second Quarter ResultsNet sales for the 2024 second quarter increased 2.5 percent to $1.90 billion, from $1.85 billion in the same period last year. Net changes in foreign currency exchange rates had an unfavorable impact on net sales for the 2024 sec
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its second quarter ended June 30, 2024, will be reported on Wednesday, August 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to listen t
-- Record First Quarter Net Sales Rise 11.8 Percent to $1.90 Billion ---- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $64.4 Million,Rise 15.6 Percent (12.6 Percent Exclusive of Argentina's Impact) ---- First Quarter Gross Profit as a Percentage of Net Sales Improves to 54.1 Percent ---- First Quarter Net Income Increases 11.2 Percent to $442.0 Million ---- Company Currently Intends to Commence Tender Offer to Repurchase up to$3.0 Billion of Common Stock -- CORONA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three-months ended March 31, 2024. Net sales for the 2024 first quarter increas
CORONA, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its first quarter ended March 31, 2024, will be reported on Thursday, May 2, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one
-- Record Fourth Quarter Net Sales Rise 14.4 Percent to $1.73 Billion ---- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $27.1 Million, Rise 16.1 Percent ---- Gross Profit as a Percentage of Net Sales Improves to 54.2 Percent on a Reported Basis and to 54.5 Percent Excluding the Bang Inventory Step-Up ---- Fourth Quarter Net Income Increases 21.6 Percent to $367.0 Million ---- Fourth Quarter Net Income, Excluding Alcohol Brands Segment Impairment Charges and the Bang Inventory Step-Up, Increases 33.1 Percent to $401.5 Million -- CORONA, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its fourth quarter ended December 31, 2023, will be reported on Wednesday, February 28, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to lis
-- Record Third Quarter Net Sales Rise 14.3 Percent to $1.86 Billion ---- Net Sales, Adjusted for Adverse Changes in Foreign Currency of $29.2 Million, Rise 16.1 Percent ---- Gross Profit as a Percentage of Net Sales Improves to 53.0 Percent on a Reported Basis and to 53.4 Percent Excluding the Bang Inventory Step-Up ---- Third Quarter Net Income Increases 40.4 Percent to $452.7 Million -- CORONA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today reported financial results for the three- and nine-months ended September 30, 2023. Bang Energy® TransactionOn July 31, 2023, the Company completed its acquisition of Bang Energy® (the "Bang Transaction"
-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that results for its third quarter ended September 30, 2023, will be reported on Thursday, November 2, 2023, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations. The call will be open to all interested investors through a live audio webcast via the Internet at www.monsterbevcorp.com. For those who are not able to l
-- Rodney C. Sacks and Hilton H. Schlosberg to serve as Co-Chief Executive Officers ---- Thomas J. Kelly to serve as Chief Financial Officer -- CORONA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that Hilton H. Schlosberg was elected by the Board of Directors of the Company (the “Board”) as Co-Chief Executive Officer of the Company. Mr. Schlosberg will serve as Co-Chief Executive Officer together with Mr. Rodney C. Sacks, who has served as the Chief Executive Officer of the Company since 1990. Simultaneously with the foregoing, Mr. Schlosberg resigned his positions as President, Chief Financial Officer, Chief Operating Officer and S
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