-- Change Will Leverage Parent Company Brand Equity -- CORONA, Calif. and LONGMONT, Colo., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) today announced that effective immediately, CANarchy Craft Brewery Collective ("CANarchy") will operate under the name Monster Brewing Company. CANarchy's new alcohol products, The Beast Unleashed™ and Nasty Beast™ Hard Tea, now represent the majority of the Company's alcohol beverage sales. This change will better align the business with Mon ...

Group 1: Company Performance - Monster Beverage's stock closed at $55.59, reflecting a +0.27% change from the previous trading day's closing, which lagged behind the S&P 500's 0.76% gain [1] - Over the past month, shares of Monster Beverage have decreased by 3.77%, while the Consumer Staples sector gained 4.52% and the S&P 500 gained 2.5% [1] - The upcoming earnings disclosure is projected to report earnings of $0.39 per share, representing a year-over-year growth of 34.48%, with revenue expected to be $1.75 billion, up 15.4% from the prior-year quarter [1] Group 2: Analyst Estimates and Ratings - Recent changes to analyst estimates for Monster Beverage indicate evolving short-term business trends, with positive revisions seen as a good sign for the company's outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Monster Beverage at 3 (Hold), with a recent 0.02% fall in the Zacks Consensus EPS estimate [2] Group 3: Valuation Metrics - Monster Beverage has a Forward P/E ratio of 30.78, indicating a premium compared to its industry's Forward P/E of 18.73 [3] - The company has a PEG ratio of 1.48, which is lower than the average PEG ratio of 2.25 for the Beverages - Soft drinks industry [3] - The Beverages - Soft drinks industry is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 84, placing it in the top 34% of all industries [3]

Monster Beverage (MNST) closed the latest trading day at $55.14, indicating a +0.13% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.Prior to today's trading, shares of the energy drink maker had lost 3.96% over the past month. This has lagged the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48% in that time.The investment community will be paying clo ...

The latest trading session saw Monster Beverage (MNST) ending at $57.18, denoting a -0.12% adjustment from its last day's close. This change lagged the S&P 500's 1.23% gain on the day. On the other hand, the Dow registered a gain of 1.06%, and the technology-centric Nasdaq increased by 1.7%.The energy drink maker's stock has climbed by 3.38% in the past month, falling short of the Consumer Staples sector's gain of 4% and outpacing the S&P 500's gain of 0.94%.The investment community will be closely monitori ...

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According to an analysis of the Nasdaq Composite going back to 1971, the index has risen an average of 19% every year following a recovery year like 2023. And stock-split stocks could be an excellent way to bet on this positive trend continuing in 2024. Although stock splits don't impact business fundamentals, they can boost investor interest in a company and signify that it is moving in the right direction. Let's discuss why two recently split stocks, Monster Beverage (MNST 0.72%) and Shopify (SHOP 0.12%), ...

Company Performance - Monster Beverage (MNST) closed at $58.74, marking a +1.35% move from the prior day, outperforming the S&P 500 which lost 0.15% [1] - The stock has risen by 4.89% in the past month, lagging behind the Consumer Staples sector's gain of 7.22% and surpassing the S&P 500's gain of 3.5% [1] - The upcoming financial results are anticipated to show an EPS of $0.39, indicating a 34.48% growth year-over-year, with revenue expected to be $1.75 billion, reflecting a 15.35% increase [1] Analyst Estimates - Recent adjustments to analyst estimates for Monster Beverage indicate a favorable outlook on the company's business health and profitability [2] - The Zacks Rank system currently rates Monster Beverage at 3 (Hold), with no change in the Zacks Consensus EPS estimate over the past month [2] Valuation Metrics - Monster Beverage is trading at a Forward P/E ratio of 32.17, which is a premium compared to its industry's Forward P/E of 18.76 [3] - The company has a PEG ratio of 1.54, while the average PEG ratio for the Beverages - Soft drinks industry is 2.07 [3] - The Beverages - Soft drinks industry ranks in the top 13% of all industries, with a current Zacks Industry Rank of 31 [3]

Group 1 - Monster Beverage Corporation will host an investor meeting on January 16, 2024, to update on the Company's business and operations [1] - The presentation will be available as a live webcast at approximately 4:45 p.m. Eastern Time and will be archived for about one year [1] Group 2 - Monster Beverage Corporation is based in Corona, California, and operates through its consolidated subsidiaries [2] - The Company develops and markets a wide range of energy drinks, including Monster Energy® and various other brands [2] - In addition to energy drinks, the Company also markets still and sparkling waters, craft beers, hard seltzers, and flavored malt beverages under multiple brands [2]

CORONA, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ:MNST) announced today that its Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor meeting on Tuesday, January 16, 2024, to provide an update on the Company’s business and operations. The Company’s presentation will be open to all interested parties as a live webcast at www.monsterbevcorp.com, under the “Events & Presentations” section, at approximately 4:45 p.m. Eastern Time. The event ...

Company Overview - Monster Beverage Corporation (NASDAQ:MNST) develops, markets, sells, and distributes energy drinks and concentrates globally, operating through three segments: Finished Product, Concentrate, and Other [4] - The company offers a diverse range of beverages under various brands, including Monster Energy, Java Monster, and Reign Total Body Fuel, and is partially owned by Coca-Cola, which holds approximately 20% of MNST [4] Financial Performance - MNST has achieved a remarkable revenue growth rate of 12% CAGR over the past decade, with only two fiscal years showing growth below 10%, indicating a resilient growth trajectory [7] - The company's share price has increased over 400% in the last ten years, significantly outperforming the market [5] Business Model and Competitive Positioning - MNST's business model focuses on aggressive expansion through substantial marketing investments and product development, targeting energy drink consumers and diversifying into other beverage segments [8] - The company employs innovative marketing strategies, including partnerships with athletes and influencers, to enhance brand visibility and customer loyalty [8] Industry Context - The US alternative beverage category is valued at approximately $72.9 billion, reflecting a growth of about 10.4% over 2021, with MNST's primary competitors being Red Bull, PepsiCo, and Coca-Cola [9] - The beverage industry is characterized by a mix of large consolidators and numerous national and regional brands, providing opportunities for market entry and growth [9] Margins and Profitability - MNST boasts impressive margins, with a gross profit margin (GPM) of 53%, EBITDA margin of 29%, and net income margin (NIM) of 23%, supported by strong demand and effective pricing strategies [12] - The company has maintained strong cash flows without relying on debt for expansion, allowing flexibility for potential acquisitions [13] Outlook and Valuation - Analysts forecast continued strong growth for MNST, supported by its historical performance and the ongoing demand for beverages [13] - MNST is currently trading at a premium valuation, with a 29x LTM EBITDA and 24x NTM EBITDA, reflecting its strong growth prospects and profitability compared to peers like Coca-Cola and Pepsi [17]