Roth/MKM Comments on Monster Beverage (MNST)

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Deutsche Bank Comments on Monster Beverage (MNST)

May 3, 2024 6:11 AM EDT

Deutsche Bank analyst Steve Powers reiterated a Buy rating and $66.00 price target on Monster Beverage (NASDAQ: MNST)

The analyst comments "We expect MNST shares will be up tomorrow driven by (i) better-than-feared 1Q results, (ii) a confirmation of US pricing in 4Q (on the core Monster line and potentially other sub-brands, though the magnitude of pricing is yet to be determined), and especially (iii) a $3 billion Dutch tender auction repurchase announcement (likely transpiring later this month and resulting in MNST buying back ~5%... More

Goldman Sachs Comments on Monster Beverage (MNST)

May 3, 2024 5:54 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $68.00 price target on Monster Beverage (NASDAQ: MNST)

The analyst comments "Our View - MNST delivered a solid quarter with healthy +DD% sales growth of 11.8% y/y (including impressive 15.9% volume growth) - albeit slightly below expectations given significant FX headwinds... More

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs

May 2, 2024 6:24 PM EDT

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

Demand for the company's energy drinks, including Monster Energy and Tour Water, held as inflation-weary customers stretched their budgets to spend... More

Monster Beverage (MNST) Misses Q1 EPS by 2c

May 2, 2024 4:19 PM EDT

Monster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.42, $0.02 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.9 billion.

Company Currently Intends to Commence Tender Offer to Repurchase up to $3.0 Billion of Common... More

Monster Beverage (MNST) May option implied volatility quarter results

May 1, 2024 10:33 AM EDT

Monster Beverage (NASDAQ: MNST) May call option implied volatility is at 37, June is at 26; compared to its 52-week range of 16 to 69 into the expected release of quarter results on May 2.

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