|Bid||42.55 x 1800|
|Ask||0.00 x 1100|
|Day's Range||52.74 - 54.48|
|52 Week Range||50.06 - 70.52|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||26.16|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||67.85|
PepsiCo adding more pep to its portfolio. The beverage maker is buying Rockstar Energy for $3.9 billion. It's Pepsi's biggest push YET into the fast-growing MARKET FOR energy drinks. The company already distributes Rockstar's products in some markets. Pepsi will add Rockstar's drinks to its own lineup, which already include Mountain Dew's Kickstart and Game Fuel brands. Rockstar created the first energy drink offered in 16-ounce cans, and competes against the likes of Austria's Red Bull and Monster Beverage. Arch-rival Coca-Cola owns a stake in Monster. It angered Monster when it launched its own Coke-branded energy drinks in the U.S. earlier this year. That dispute was settled after an arbitration tribunal ruled in favor of Coca-Cola. PepsiCo shares fell in early trading Wednesday amid a broad market sell-off. Rockstar is privately held.
Monster Beverage (MNST) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Let's talk about the popular Monster Beverage Corporation (NASDAQ:MNST). The company's shares received a lot of...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Yahoo Finance chats with the CEO of PepsiCo North American Foods Steven Williams on how the food and beverage giant is navigating the coronavirus.
Morgan Stanley's bullish case for Coca-Cola Co (NYSE: KO) and Monster Beverage Corp (NASDAQ: MNST) can no longer be justified amid the coronavirus outbreak.The Analyst Dara Mohsenian downgraded Coca-Cola's stock from Overweight to Equal-Weight with a price target lowered from $65 to $52.The analyst also downgraded Monster Beverage's stock from Overweight to Equal-Weight with a price target lowered from $78 to $63.The Thesis Mohsenian said government-mandated closures of business, a ban on public gatherings, among other coronavirus-related headwinds dictates a bullish stance on Coca-Cola and Monster Beverage can't be justified. While these trends are mostly understood, the path forward is unclear and there are four main areas of risks for the beverage companies.The risks specific to Coca-Cola include: 1. Lower potential revenue and profit from a shift in sales away from home to take-home. 2. The Costa business is mostly store-based and represents a mid-single-digit rate of total sales. 3. Coca-Cola's bottling partners could require greater financial support. 4. Coca-Cola's debt leverage of 2.7 times 2019 net debt/EBITDA is above its mega-cap peer average of 1.5 times which limits its ability to driving shareholder value.Monster Beverage's exposure to gas stations and convenience stores is a "significant concern" as both end-markets account for around 70% of total sales, the analyst wrote in a note.The company is backed by a "very strong" balance sheet and strategic potential but shares are down just 6% since the start of 2020 (when the note was published), which warrants a cautious move to the sidelines.Price Action Shares of Coca-Cola traded lower by 10% at $42.08 while shares of Monster were also lower by 10% at $54.20 at time of publication.Related Links:The Coronavirus Outbreak's Impact On Global Stocks, Commodities, ETFsBenzinga's Top Upgrades, Downgrades For March 18, 2020Latest Ratings for KO DateFirmActionFromTo Jan 2020Morgan StanleyMaintainsOverweight Jan 2020B of A SecuritiesMaintainsBuy Jan 2020RBC CapitalMaintainsOutperform View More Analyst Ratings for KO View the Latest Analyst Ratings See more from Benzinga * Morgan Stanley Upgrades Keurig Dr Pepper On Improved Valuation * Coca-Cola CEO Says Consumers Will Never Drink The Same Product Forever(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A few consumer staple stocks have witnessed upward estimate revisions for 2020 earnings per share (EPS) during the past 30 days amid the coronavirus pandemic.
CORONA, Calif., March 13, 2020 -- Monster Beverage Corporation (NASDAQ:MNST) today announced that its Board of Directors has authorized a new share repurchase program for the.
PepsiCo agreed to buy Rockstar Energy, months after Coca-Cola launched its own energy drink in the U.S. to challenge Monster Beverage.
(PEP) said Wednesday it reached a deal to buy privately held Rockstar Energy Beverages for $3.85 billion. The move could give the beverage and snack giant a leg up on rival (KO) in the energy drink space. Rockstar is among the more popular players in the energy drink space.
PepsiCo Inc. is getting close to a deal to buy Rockstar Energy Beverages for $3.85 billion, according to a Wednesday report in The Wall Street Jounal. The deal could be announced as soon as Wednesday, the WSJ report said, citing people familiar with the matter. Rockstar, which PepsiCo distributes, is one of several major energy drink brands which includes Red Bull Gmbh and Monster Beverage Corp. . Rockstar was founded in 2001 by Russell Weiner. PepsiCo's stock, which was indicated down nearly 4% in premarket trading, has lost 2.2% over the past three months through Tuesday while the S&P 500 has shed 8.3%.
It's been a sad week for Monster Beverage Corporation (NASDAQ:MNST), who've watched their investment drop 10% to...
The major stock indexes fell sharply again Friday morning, as the stock market correction worsened. The Nasdaq hit a key level.
Monster Beverage (MNST) delivered earnings and revenue surprises of 2.17% and 2.04%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?