MNST Stock Summary and Trading Ideas (Monster Beverage | NASDAQ:MNST)

Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

Monster Beverage trades on the NASDAQ stock market under the symbol MNST.

As of April 26, 2024, MNST stock price climbed to $53.37 with 3,511,733 million shares trading.

MNST has a beta of 0.70, meaning it tends to be less sensitive to market movements. MNST has a correlation of 0.13 to the broad based SPY ETF.

MNST has a market cap of $55.53 billion. This is considered a Large Cap stock.

Last quarter Monster Beverage reported $2 billion in Revenue and $.38 earnings per share. This fell short of revenue expectation by $-30 million and met earnings estimates .

In the last 3 years, MNST stock traded as high as $61.23 and as low as $35.89.

The top ETF exchange traded funds that MNST belongs to (by Net Assets): VTI, VOO, QQQ, SPY, VUG.

MNST has underperformed the market in the last year with a price return of -1.5% while the SPY ETF gained +26.8%. MNST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.2% and -2.5%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

MNST support price is $52.35 and resistance is $53.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MNST stock will trade within this expected range on the day.