Double Moving Average Crossover
|Bid||71.95 x 1000|
|Ask||72.35 x 800|
|Day's Range||71.49 - 73.00|
|52 Week Range||50.06 - 73.43|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||34.82|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Hostess Brands CEO Andy Callahan tells Yahoo Finance people continue to fill their pantries with donuts and Twinkies amidst the COVID-19 pandemic.
The coronavirus crisis brought one of these consumer-facing companies to its knees, but the other one is already looking forward to refreshed growth.
Monster Beverage Corporation (NASDAQ:MNST) just released its first-quarter report and things are looking bullish. It...
The energy drink maker posted strong first-quarter results, and management expects limited damage from the ongoing COVID-19 health crisis.
Monster Beverage's (MNST) first-quarter 2020 earnings benefit from sales growth in Monster Energy brand energy drinks internationally and Reign Total Body Fuel high-performance energy drinks.
Hilton Schlosberg, our Vice Chairman and President, is on the call, as is Tom Kelly, our Executive Vice President of Finance. A copy of this information is also available on our website, www.monsterbevcorp.com in the Financial Information section.
Monster Beverage (MNST) delivered earnings and revenue surprises of 8.33% and 6.53%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Supply-chain disruptions due to the COVID-19 crisis along with weak margins are likely to have affected Monster Beverage's (MNST) Q1 results.
Today's 5 Stock Ideas: * Facebook (FB) \- An earnings play. The company will report quarterly results after the close Wednesday. * IBM (IBM) \- A dividend play. In an environment where the majority of publicly-traded companies are suspending dividend payments, IBM announced Tuesday afternoon it raised its quarterly dividend from $1.62 to $1.63/share. * Shopify (SHOP) \- A merchant/ecommerce play. Despite news Tuesday FedEx (FDX) will be partnering with Shopify competitor BigCommerce, shares of Shopify closed Tuesday's session up about 1%. * Monster Beverage (MNST) \- A play on an emerging competitor in the energy/nutritional drink space. Pepsi (PEP) Tuesday announced a partnership with Monster competitor, Bang Energy. While Monster shares fell as much as 3% at one point during Tuesday's session, the stock closed down just 0.6%. * MYOS RENS (MYOS) \- A play on animal health. The company reported Tuesday its MYOS Canine Muscle Formula is now eligible for reimbursement by several top-tier pet insurance companies.See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 16, 2020: SPY, AAL, ZM, LVS, FDX(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Weaker companies may wind up distressed, but higher-quality ones may get too pricey. Go for middle-ground quality, Goldman Sachs analysts suggest.
Rodney Sacks has been the CEO of Monster Beverage Corporation (NASDAQ:MNST) since 1990. First, this article will...
Monster Beverage shares held onto gains from earlier this week after Bank of America resumed coverage with a Buy rating and $70 price target.
“To say the world has completely changed over the last 1-2 months in the wake of the COVID-19 pandemic is an understatement,” says Goldman Sachs’ Bonnie Herzog in a recent note to clients. It is impossible to disagree. Wall Street has been grappling with the implications, as stock prices and valuations have tumbled due to the increased uncertainty in the face of COVID-19’s long term impact.Herzog has been assessing the current health of the beverage and tobacco sector, and in addition to the “unprecedented uncertainty” regarding the broader economy, is worried of other possible developments.“We are also concerned about the ripple effect on broader consumer demand as concerns about health considerations & social distancing give way to the long-term effects on the job market, wages, consumer behavior & consumer spending,” Herzog said.Having said that, the analyst identifies a number of names in the beverage sector that are well setup to outperform as the year progresses.We ran three of Goldman Sachs' top picks through TipRanks’ database to further gauge Street sentiment towards them. As it happens, all are Buy rated, and what’s more, the analysts forecast all to have at least 25% upside in the year ahead. Let’s take a closer look.Boston Beer Company (SAM)Let’s start off with one of 2020’s sturdier performers in the face of COVID-19. Although the Boston Beer Company’s share price is down by 5% year-to-date, it has fared significantly better than the overall market, considering the S&P 500’s 20% decline.There are a couple of reasons, according to Herzog, why the company has proved resilient. SAM’s relative lack of exposure to the on-premise channel, compared to its peers, means it has taken less of a hit from the nationwide closure of bars and restaurants. 11% of SAM’s business is on premises, compared to the industry average of 16%. Furthermore, the reduction of on-premise sells is set to be countered by a strong retail/take home trend.The second positive driver for SAM is due to it being “advantageously levered” to what Herzog claims is “one of the few ‘big’ growth opportunities in alcoholic beverages,” - hard seltzers. In its brand Truly, SAM has the No.2 position in the hard seltzer market, which the analyst believes, it is not about to relinquish any time soon.The trend, Herzog argues, is only likely to grow. The analsyt said, “We believe the hard seltzer category is here to stay and our analysis suggests category volumes could expand 2-3x by 2023 to become ~10% of total beer consumption in the U.S., up from ~3.5% in 2019. As a strong No.2, we believe Truly could capture a signiﬁcant share of this growth and our sensitivity analysis suggests every incremental 6% step-up in Truly shipment volume growth boosts SAM’s net rev growth by +340bps.”To this end, Herzog resumes coverage of SAM with a Buy rating along with a $415 price target. The upside from current levels is 13%. (To watch Herzog’s track record, click here)Turning now to the rest of the Street, SAM has a Strong Buy consensus rating, based on 7 Buys and 2 Holds. At $450, the average price target is set to provide upside of 24%, should it be met in the year ahead. (See SAM stock analysis on TipRanks)Constellation Brands Inc (STZ)Unlike SAM, Constellation Brands can’t boast of beating the market so far in 2020. The largest beer import company in the US is down by 30% since the turn of year. But like SAM, Herzog sees multiple growth drivers for Constellation, calling it “one of the most attractive stocks across consumer staples and among the rare ones levered to growth.”Herzog argues STZ’s valuation has been unfairly punished due to the coronavirus’s impact on on-premise business (roughly 15% of the company’s beer sales) and an overreaction to its exposure to California, where stay-at-home measures have been implemented since mid-March, and, therefore, impacting sales.But There is another problem that has just reared its ugly head for Constellation. The company owns Grupo Modelo’s - the maker of Corona beer – U.S. rights. Unlike in the U.S., beer is not considered an essential business in Mexico and Anheuser-Bush InBev, who own Modelo’s rest of the world’s rights, temporarily shut down its Mexican brewing facilities on Sunday April 5th, to help curb the spread of the virus. Constellation Brands’ CEO Bill Newlands has said the company’s Mexico plants are still operating and it has 70 days of inventory to guarantee minimal disruption, but with uncertainty currently in the air, it will be interesting to see if the plants remain open for much longer.Nevertheless, Herzog is confident in Constellation’s long-term growth drivers. The analyst said, “We believe STZ can deliver on its growth objectives without signiﬁcant degradation to its beer operating margin, which at ~39% is already very high and best-in-class. We believe, like the best CPG operators out there, STZ has multiple levers to pull to drive top-line growth while protecting proﬁts/margins, and we expect this to happen as the company “leans into change” and leads on growth.”Therefore, coverage on Constellation is resumed, with a Buy rating and a $165 price target, implying possible upside of 17%.Overall, 10 Buys and 6 Hold ratings published over the last 3 months present STZ with a Moderate Buy consensus rating. The average price target comes in at $192.07, and suggests possible upside of 37%. (See Constellation Brands stock analysis on TipRanks)Monster Beverage Corp (MNST)The last name on our list nestles somewhere between our two previous companies. With a 15% year-to-date drop, according to Herzog, the manufacturer of energy drinks including Monster Energy, Relentless and Burn is well set up to reward investors. “Simply put,” Herzog says, “We see recent share price pressure as a buying opportunity.”Herzog believes “strong customer loyalty & low household penetration” are reasons why the energy category “will remain resilient in the current climate.”And according to optimistic comments from the analyst’s convenience store retailer contacts, concerns about signiﬁcant less demand across the category due to COVID-19’s impact on lower traffic, are “misplaced.” Additionally, energy drink consumers are likely to step up purchases in other channels and load up on pantry items.“In short,” Herzog concludes “we think this is being largely disregarded by the market, with shares trading at a FY21 P/E multiple of 23.5x, an -12% discount vs. MNST 1-year historical average multiple of 26.5x and a -19% discount vs. MNST’s 3-year historical average multiple of 28.9x. Most importantly, MNST’s current valuation only implies an 85% premium vs. the S&P 500 (slightly below MNST’s 5-year average premium of 86%) despite limited downside risk to growth, improving margins & an increasingly rational competitive environment.”Bottom line, what does it mean for investors? Herzog resumes coverage with a Buy rating and a $65 price target. Expects returns in the shape of 20%, should the analyst’s thesis play out in the coming months.Looking at the consensus breakdown, 7 Buys, 3 Holds and 1 Sell rating coalesce to a Moderate Buy consensus rating for the energy drink manufacturer. Investors will take home a 19% gain, should the average price target of $67.33, be met over the next year. (See Monster Beverage stock analysis on TipRanks)To find good ideas for beverage stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.