Monster Beverage (MNST)

75-6099 Kuakini Highway, LLC • ALCO Brands LLC • American Fruits and Flavors Ireland • American Fruits and Flavors San Fernando, LLC • American Fruits and Flavors, LLC • CANarchy Craft Brewery Collective, LLC • CANarchy Intermediate Brewery, LLC • Energy Beverages Australia Pty Ltd • Energy Beverages Canada, Ltd. • Energy Beverages Europe Limited ...

IRS number

391679918

MNST stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$55.60

Low target

$49.00

High target

$60.00

Latest filings (excl ownership)

View all

7 Nov 24

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

14 Jun 24

SC TO-I/A

Issuer tender offer statement (amended)

10 Jun 24

SC TO-I/A

Issuer tender offer statement (amended)

6 Jun 24

SC TO-I/A

Issuer tender offer statement (amended)

29 May 24

8-K

Entry into a Material Definitive Agreement

23 May 24

SC TO-I/A

Issuer tender offer statement (amended)

16 May 24

SC TO-I

Issuer tender offer statement

8 May 24

Transcripts

View all

MNST

Earnings call transcript

2024 Q3

7 Nov 24

MNST

Earnings call transcript

2024 Q2

7 Aug 24

MNST

Earnings call transcript

2024 Q1

2 May 24

MNST

Earnings call transcript

2023 Q4

28 Feb 24

MNST

Earnings call transcript

2023 Q3

2 Nov 23

MNST

Earnings call transcript

2023 Q2

3 Aug 23

MNST

Earnings call transcript

2023 Q2

3 Aug 23

MNST

Earnings call transcript

2023 Q1

4 May 23

MNST

Earnings call transcript

2022 Q4

28 Feb 23

MNST

Earnings call transcript

2022 Q3

4 Nov 22

Latest ownership filings

View all

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart MNST financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.63 bn	1.63 bn	1.63 bn	1.63 bn	1.63 bn	1.63 bn
Cash burn (monthly)	317.06 mm	20.37 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	885.28 mm	56.87 mm	n/a	n/a	n/a	n/a
Cash remaining	740.06 mm	1.57 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	2.3	77.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MNST institutional ownership history Ownership history

64.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	890	911	-2.3%
Opened positions	92	93	-1.1%
Closed positions	113	158	-28.5%
Increased positions	300	318	-5.7%
Reduced positions	354	370	-4.3%

13F shares	Current	Prev Q	Change
Total value	29.58 tn	29.15 tn	+1.5%
Total shares	673.87 mm	693.19 mm	-2.8%
Total puts	4.80 mm	3.60 mm	+33.2%
Total calls	3.50 mm	3.62 mm	-3.3%
Total put/call ratio	1.4	1.0	+37.8%

Largest owners	Shares	Value	Change
Vanguard	63.84 mm	$3.33 tn	-2.8%
Brandon Limited Partnership No.1	58.77 mm	$3.01 bn	0.0%
BLK BlackRock	50.65 mm	$2.64 tn	NEW
Alliancebernstein	49.07 mm	$2.56 tn	+14.3%
JPM JPMorgan Chase & Co.	34.41 mm	$1.80 tn	+7.3%
STT State Street	33.74 mm	$1.76 tn	+6.9%
Loomis Sayles & Co L P	27.14 mm	$1.42 bn	+4.7%
Capital World Investors	22.62 mm	$1.18 tn	+10.6%
JHG Janus Henderson	22.56 mm	$1.18 tn	+109.3%
FMR	22.18 mm	$1.16 tn	-18.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-52.45 mm	EXIT
BLK BlackRock	50.65 mm	+50.65 mm	NEW
JHG Janus Henderson	22.56 mm	+11.78 mm	+109.3%
Norges Bank	0.00	-8.72 mm	EXIT
Nuveen Asset Management	8.20 mm	-6.58 mm	-44.5%
Alliancebernstein	49.07 mm	+6.14 mm	+14.3%
FMR	22.18 mm	-5.09 mm	-18.7%
TD Asset Management	0.00	-4.48 mm	EXIT
Capital Research Global Investors	5.44 mm	-4.37 mm	-44.5%
Qube Research & Technologies	0.00	-3.79 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MNST insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Dec 24	Schlosberg Hilton H	Common Stock	Gift	Dispose G	No	No	0	13,130	0.00	2,234,348
13 Dec 24	Thomas J Kelly	Common Stock	Sell	Dispose S	No	No	52.65	10,000	526.50 k	74,924
13 Dec 24	Thomas J Kelly	Common Stock	Option exercise	Acquire M	No	No	29.37	1,026	30.13 k	84,924
13 Dec 24	Thomas J Kelly	Common Stock	Option exercise	Acquire M	No	No	21.82	4	87.28	83,898
13 Dec 24	Thomas J Kelly	Common Stock	Option exercise	Acquire M	No	No	21.99	4,542	99.88 k	83,894
13 Dec 24	Thomas J Kelly	Common Stock	Option exercise	Acquire M	No	No	22.58	4,428	99.98 k	79,352
13 Dec 24	Thomas J Kelly	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	29.37	1,026	30.13 k	5,782
13 Dec 24	Thomas J Kelly	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	21.82	4	87.28	0
13 Dec 24	Thomas J Kelly	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	21.99	4,542	99.88 k	0
13 Dec 24	Thomas J Kelly	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	22.58	4,428	99.98 k	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Celsius' 'Better-For-You' Edge Could Unlock Equity Upside, Says JP Morgan Analyst

12 Dec 24

JP Morgan initiates an overweight rating on Celsius, citing strong consumer trends, market share potential, and brand differentiation.

Needham Initiates Coverage On Monster Beverage with Hold Rating

6 Dec 24

Needham analyst Gerald Pascarelli initiates coverage on Monster Beverage (NASDAQ:MNST) with a Hold rating.

TD Cowen Maintains Hold on Monster Beverage, Raises Price Target to $55

11 Nov 24

TD Cowen maintains Monster Beverage (NASDAQ:MNST) with a Hold and raises the price target from $50 to $55.

S&P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What's Driving Markets Friday?

8 Nov 24

UBS Maintains Neutral on Monster Beverage, Raises Price Target to $57

8 Nov 24