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Monster Beverage Corp. (MNST)

  • Tue, Jan. 6, 2:51 PM
    • Beverage sales in convenience stores rose 3.6% Y/Y for a 4-week period ending on December 28, according to data culled by Wells Fargo.
    • Sales for Coca-Cola (KO +1.2%) products were up 4.8%, while PepsiCo soda items saw a 2.4% bump.
    • On the energy drink front, Monster Beverage (MNST +3.4%) sales were up 12.4% and Red Bull gained 8.3%.
    • A drop in gas prices in the U.S. and some successful pricing initiatives in the sector helped stoke the gain, says WF's Bonnie Herzog.
  • Tue, Jan. 6, 1:57 PM
    • Shares of Monster Beverage (MNST +2.4%) move higher on heavy volume after Argus initiates coverage with a Buy rating.
    • The investment firm sets a lush price target of $145 on the beverage seller.
  • Dec. 23, 2014, 7:25 PM
    • It’s pretty clear why many energy stocks are hurting amid falling crude oil prices, but Morgan Stanley has researched across industries to determine some less clear-cut winners and losers.
    • Airlines consume huge amounts of fuel, but the firm says American Airlines (NASDAQ:AAL) and Allegiant Travel (NASDAQ:ALGT) should benefit more than most from lower oil prices since they do not hedge the price of fuel to reduce price volatility.
    • Among autos, Tesla (NASDAQ:TSLA) draws concern because "lower-for-longer oil certainly hurts the case for mass-market adoption of electric vehicles.”
    • Since lower gas prices should reduce shipping costs, Stanley sees the benefit trickling into Q1 per-unit shipping costs at Amazon (NASDAQ:AMZN).
    • The firm likes Monster Beverage (NASDAQ:MNST) on the idea that Americans getting cheaper gas might be more ready to splurge on energy drinks, and gas stations and convenience stores account for 75% of MNST’s sales.
    • Among apparel companies and retailers, Stanley likes brands that are most popular with lower-income consumers, who they believe are most likely to put the money they save into new purchases: PLCE, FL, FINL, BWS, SKUL, ARO, BURL, ROST.
  • Dec. 16, 2014, 10:46 AM
    • Monster Beverage (MNST +2.8%) trades higher after Credit Agricole upgrades shares to a Buy rating.
    • The company also received word that Coca-Cola expects to complete its stake purchases in March.
    | 1 Comment
  • Dec. 1, 2014, 8:30 AM
    • Monster Beverage (NASDAQ:MNST) slips in early trading after RBC Capital Markets downgrades the company from its highest rating level.
    • The beverage stock goes to Outperform after being labeled as a RBC top pick previously.
    • MNST -1.1% premarket.
    | Comment!
  • Nov. 6, 2014, 4:10 PM
    • Monster Beverage (NASDAQ:MNST): Q3 EPS of $0.70 beats by $0.03.
    • Revenue of $636M (+7.7% Y/Y) misses by $5.82M.
    • Shares +1.5%.
    • Press Release
    | Comment!
  • Nov. 5, 2014, 7:56 AM
    • A ballot initiative in San Francisco on imposing a $0.02 per ounce tax on sugary drinks failed to gain enough votes for passage.
    • Proposition E had the support of 54.50% of the voters to fall well-short of the two-thirds majority needed to enact the tax.
    • Related stocks: KO, PEP, MNST, DPS.
  • Oct. 15, 2014, 6:42 AM
    • Goldman Sachs places Monster Beverage (NASDAQ:MNST) on its Conviction Buy List.
    • The investment firm sets a price target of $125.
    | Comment!
  • Oct. 3, 2014, 2:55 PM
    • Red Bull plans to increase prices on all its products in North America.
    • The price hikes will average 5%.
    • The energy drink development come with most forecasts for growth in the beverage category falling in the double-digit range.
    • Related stocks: MNST, PEP, KO.
  • Sep. 22, 2014, 1:35 PM
    • Monster Beverage (MNST +2.8%) trades higher after ISI Group launches coverage with a Buy rating.
    • Stifel Nicolaus also raised its price target on the stock to $110 from $94 on increased estimates for 2015 EPS with the Coca-Cola partnership factored in.
    | Comment!
  • Sep. 11, 2014, 3:05 PM
    • The convenience store channel performed well for soda drink and energy drink sellers in August, according to data from Wells Fargo.
    • Packaged beverage sales rose 4% Y/Y during the period, a pace which has extended into Q4 and beats the overall volume growth seen in the U.S. market this year for the beverage industry.
    • Related stocks: PepsiCo (NYSE:PEP), Coca-Cola (NYSE:KO), Monster Beverage (NASDAQ:MNST), Dr. Pepper Snapple (NYSE:DPS).
  • Sep. 8, 2014, 11:05 AM
    • Monster Beverage (MNST +0.7%) files a petition with a New York State Supreme Court to quash subpoenas issued against the company.
    • The New York state AG's office has been investigating Monster and other energy drink makers over their marketing to children.
    | 1 Comment
  • Aug. 16, 2014, 8:25 AM
    • So why didn't Coca-Cola (NYSE:KO) just go all the way and acquire all of Monster Beverage (NASDAQ:MNST) instead of stopping at an asset swap and a 16.7% stake?
    • More than anything, "it's about protecting the [Coke] brand and the image" from a company that urges consumers to "unleash the beast" with drinks such as Assault and Khaos, said a person close to Coke.
    • Coke figures it deals with enough controversy from those who blame sugary sodas for obesity and diabetes; it wants to keep at arm's length from the more serious public relations battles facing the energy drinks industry, including an FDA probe over deaths possibly linked to Monster.
    • On the financial side, the deal involves a reasonable $2.1B cash up front, while a full acquisition would have required at least $12B based on Thursday's closing stock price - roughly equivalent to the amount of cash Coke had on hand at the end of July.
    • Despite the cautious approach, Coke could still own Monster some day; a standstill agreement limits KO to increasing its stake to 25% over four years, but MNST's board can waive it at any time.
  • Aug. 15, 2014, 12:48 PM
    | Comment!
  • Aug. 15, 2014, 9:13 AM
  • Aug. 14, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: MNST +20.3%. BZH +10.2%. GCI +9.1%. NES +6.7%. ADSK +5.2%.
    • Top losers, as of 5:15 p.m.: OCUL -9.2%. CNAT -7.2%. PCTY -4.7%. EGY -4.1%. JWN -3.9%.
    | 1 Comment
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Company Description
Monster Beverage Corp, through its subsidiaries, develops, markets, sells, and distributes beverages such as ready-to-drink iced teas, lemonades, single-serve juices juice cocktails and fruit beverage.