Monster Beverage Corp.NASDAQ
The Monster Created By Wall Street
Citron Research • 25 Comments
Citron Research • 25 Comments
Tue, Nov. 22, 10:22 AM
- Monster Beverage (NASDAQ:MNST) is at it again with a 4.2% pop to sail over $45.
- Dealreporter.com attributes the recent rally in Monster to M&A speculation. Earlier today, Dr Pepper Snapple finalized its deal to acquire Bai Brands.
- Coca-Cola (KO +0.1%) picked up a 16.7% stake in Monster Beverage in July 2015 when shares were at roughly the same level.
Mon, Nov. 21, 2:24 PM
- Monster Beverage (NASDAQ:MNST) is up 4.51% on a huge volume move.
- Other beverage stocks with a head of steam include National Beverage Corporation (FIZZ +4.2%), Boston Beer (SAM +2.2%), Molson Coors (TAP +1.9%), Dr Pepper Snapple (DPS +1.8%) and Jones Soda (JSDA +2.8%). Leading Brands (LBIX +12.1%) moved higher after a bullish Seeking Alpha article went live.
- It's not clear why the names are attracting so much attention today from investors (M&A intrigue?), but as a group beverage stocks are the top performer in the consumer goods sector.
Wed, Nov. 9, 5:56 AM
- Three Bay Area cities have voted to levy a tax on sodas and other sugary drinks in an effort to curb obesity and diabetes.
- The measure passed by wide margins in San Francisco, Oakland and Albany (a separate vote in Boulder, Colorado is on track to pass as well).
- In 2014, Berkeley became the first city in the country to levy a soda tax and Philadelphia became the second in June.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Mon, Nov. 7, 11:03 AM
- Monster Beverage (NASDAQ:MNST) confirmed that its roll-out to China is progressing.
- "We expect Guangzhou, Shenzhen and potentially other markets to be launched in the fourth quarter and are planning to launch Monster in additional territories in China during 2017," updated CEO Rodney Sacks on the post-earnings conference call.
- The company is going into China with a soft launch in smaller stores and independent convenience stores.
- Monster Beverage earnings call transcript
Fri, Nov. 4, 9:02 AM
- Monster Beverage (NASDAQ:MNST) is on watch after the company posted disappointing Q3 results.
- Revenue slowed to a 4% growth pace, a significant drop from the first two quarters of the year.
- During the conference call, execs explained that F/X and a tough comparison to last year when some Q4 orders were pulled forward impacted the headline number.
- Some potentially good news on Q4 was tipped on the conference call.
- "We estimate October 2016 gross sales on a foreign-exchange adjusted basis to be approximately 12.3% higher than in October 2015," said CEO Rodney Sacks.
- Monster Beverages earnings call transcript
- Previously: Monster Beverage misses by $0.13, misses on revenue (Nov. 3)
- MNST -6.83% premarket to $130.62.
Thu, Nov. 3, 4:18 PM
Wed, Nov. 2, 5:35 PM
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Fri, Oct. 28, 10:33 AM
- Researchers from Harvard University estimate that soda consumption could fall as much 20% in select California cities if a soda tax is passed on November 8. The same study predicted a 4% drop in diabetes cases as a result of soda taxation.
- California voters in San Francisco, Albany and Oakland are voting on the tax, as well as voters in Boulder, Colorado. The issue is also going in front of the Cook County Commission (Chicagoland) soon for a decision over what's openly being called a political money grab.
- The beverage industry had a very strong record of turning back soda tax initiatives, but saw a setback when the Philadelphia City Council approved a $0.015-per-ounce soda tax last June.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, COT.
Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Tue, Oct. 18, 12:31 PM
- Beverage stocks are active after the latest data dump from Nielsen on sales trends.
- Wells Fargo notes that most beverage categories showed growth for the period ending October 8, including nearly a 5% gain for energy drink volume and sales.
- Coca-Cola's (KO +0.7%) carbonated soft drink sales were up +1.7%, while PepsiCo's (PEP +0.4%) CSDs fell off 0.8%. CSD sales were up 0.4% for Dr Pepper Snapple (DPS +0.5%).
- Gainers off the Nielsen numbers include Cott (COT +1.9%), Monster Beverage (MNST +2.6%), Primo Water (PRMW +1.9%) and National Beverage Corp. (FIZZ +1.2%).
- Source: Bloomberg
Fri, Oct. 14, 8:13 AM
- Monster Beverage (NASDAQ:MNST) announces that a 3-for-1 split of its common stock has been approved by its board.
- The additional shares are due to be distributed on November 9 to holders of record on October 26.
- Upon completion of the stock split, the number of outstanding Monster shares will triple to approximately 571M.
- Source: Press Release
Fri, Sep. 16, 10:21 AM
- Credit Suisse names its favorite stocks in the beverage sector and cautions on others with a wave of initiations.
- The investment firm starts off coverage on Monster Beverage (MNST -0.4%), Dr. Pepper Snapple (DPS), and PepsiCo (PEP -0.4%) with Outperform ratings.
- Neutral ratings filter down on Coca-Cola (KO -0.6%) and Constellation Brands (STZ -1.4%).
- CS hangs an Underperform rating on Boston Beer (SAM -1.2%).
- Forward PE ratios on the group: Monster 30.8, Dr. Pepper 20.6, PepsiCo 20.5, Coca-Cola 21.1, Constellations Brands 23.4, Boston Beer 23.2.
Thu, Sep. 15, 5:01 AM
- The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
- In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
- Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Mon, Sep. 12, 10:48 AM
- Goldman Sachs issues a broad warning on the consumer staples sector with Federal Reserve rate hikes looming in the future and continued pressure in emerging markets.
- General Mills (GIS +0.8%) and Church & Dwight (CHD -0.2%) are singled out as at risk for multiple contraction.
- Staples which Goldman sees performing well in a rising rate environment include Monster Beverage (MNST +0.1%), Kraft Heinz (KHC +1.5%), and Philip Morris.
- ETFs: XLP, VDC, FXG, RHS, FSTA, CNSF, JHMS.
Mon, Aug. 29, 7:59 AM
- Soda tax proposals will be on the ballot in three cities in the San Francisco Bay area this November and likely in Boulder, Colorado as well.
- The soda manufacturing industry is spending heavily in San Francisco, Oakland, Albany, and Boulder in an effort to defeat the measures. Unlike some votes in the past in the U.S. that weren't approved, only a simple majority is needed at the November election.
- Related stocks: KO, PEP, DPS, MNST, FIZZ.
Thu, Aug. 4, 4:18 PM
- Monster Beverage (NASDAQ:MNST) says sales for its Monster Energy business rose 14% Y/Y to $744M in Q2.
- Unfavorable F/X translation cut into sales by $5.2M.
- The company's gross margin rate improved 570 bps to 62.6%.
- Operating expenses as a percentage of revenue were 27.7% vs. 27.4% a year ago.
- Operating income as a percentage of sales was 34.9%.
- The company authorized a new $250M share buyback program.
- Previously: Monster Beverage misses by $0.04, beats on revenue (Aug. 4)
- MNST +0.26% to $159.00 AH trading.