Monster(MNST)

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Monster Beverage (MNST) Stock Slides YTD: Is Recovery Likely?
ZACKS· 2024-07-17 16:06
Monster Beverage Corporation (MNST) stock has lost as much as 12.3% in the year-to-date period, pushing it behind its industry peers and the S&P 500 index. MNST’s stock declined against the industry and the Consumer Staples sector’s growth of 4.8% and 3%, respectively, in the same period. The company also underperformed the S&P 500's 17.6% rise in the same period.At the current price of $50.49, the stock trades at a 17.5% discount to its 52-week high of $61.23 reached on Mar 13, 2024. Furthermore, MNST is t ...
3 Cheap Stocks That Could Grow Your Wealth
Investor Place· 2024-07-13 17:56
Core Insights - A $1,000 investment in Monster Beverage in 1994 would have grown to approximately $2 million by 2024, representing a 200,000% return, highlighting the potential of investing in undervalued stocks with strong leadership [1] Company Summaries DLocal (DLO) - DLocal is a Uruguayan fintech company founded in 2016, focusing on online payments in emerging markets [2] - The company's share price has decreased by 53% year-to-date in 2024, primarily due to declining gross profit margins [2] - Despite a 49% increase in total payment volume to $5.3 billion in Q1 2024, gross profit margins fell by 11% to 34%, resulting in only a $1.2 million year-over-year increase in gross profit [2][3] - DLocal's revenue in Egypt surged 11-fold to $39 million in Q1 2024, matching its total revenue for Africa and Asia in Q1 2023, indicating reduced reliance on Latin America [3] HighPeak Energy (HPK) - HighPeak Energy owns over 100,000 acres in the Midland Basin, Texas, and has reported a 110% return over the past five years, outperforming Exxon Mobil [5] - The company reported Q1 2024 operating revenue of $287.8 million, a 29% increase year-over-year, and operating income of $103 million, up 16% from Q1 2023 [5] - Discretionary cash flow for the quarter was $195.7 million, a 27% increase year-over-year, with production rising to 49,729 barrels of oil equivalent per day [5] - HighPeak's enterprise value is $2.98 billion, with an EBITDA multiple of 3.51x, significantly lower than Exxon Mobil's 7.42x [6] Iris Energy (IREN) - Iris Energy faced criticism from short seller Culper Research, which questioned the viability of its AI plans, suggesting a shift in focus due to declining Bitcoin mining profitability [7] - Bernstein initiated coverage of Iris Energy with an "outperform" rating, indicating that Bitcoin data centers could be retrofitted for AI data centers due to their existing infrastructure [7] - Bernstein estimates that 15% of Iris Energy's power capacity will be reallocated for AI data centers, with a target price of $26, more than double its current trading price [8]
Monster Beverage's (MNST) Strategies Seem Prudent: Apt to Hold
ZACKS· 2024-06-27 18:16
Monster Beverage Corporation (MNST) seems well-poised for growth, thanks to its robust business strategies. The company has been gaining from the expansion strategy and momentum in its energy drinks category. It has also been launching various products and expanding distribution across the international markets.Buoyed by such strengths, shares of this energy drinks and alternative beverages’ marketer have gained 9.2% compared with the industry’s 4.8% growth over the past six months. A Growth Score of B furt ...
Monster Beverage: A Strategic Buy During Market Lows (Rating Upgrade)
Seeking Alpha· 2024-06-25 08:00
jetcityimage Introduction About six months ago, I published my investment thesis on Monster Beverage (NASDAQ:MNST) (link here), and since then, a series of news events have caused the stock to move like a roller coaster. However, from my perspective, I believe Monster's long-term potential remains intact, and now more than ever, I think we are facing one of the best times to buy shares of this great compounder in recent years. Monster's stock has recently fallen by up to 20%, making it even more relevan ...
Monster Beverage Corporation Announces Final Results of Tender Offer
GlobeNewswire News Room· 2024-06-10 11:30
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 ...
Monster Beverage Corporation Announces Final Results of Tender Offer
Newsfilter· 2024-06-10 11:30
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 ...
Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders
Newsfilter· 2024-06-06 20:00
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 ...
Monster Beverage Announces Webcast Details for Annual Meeting of Stockholders
GlobeNewswire News Room· 2024-06-06 20:00
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 ...
Monster Beverage Corporation Announces Preliminary Results of Tender Offer
Newsfilter· 2024-06-06 11:30
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 shar ...
Monster Beverage Corporation Announces Preliminary Results of Tender Offer
GlobeNewswire News Room· 2024-06-06 11:30
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 sha ...