Monster Beverage (NASDAQ:MNST) Announces Earnings Results, Beats Estimates By $0.02 EPS

Monster Beverage (NASDAQ:MNST) released its quarterly earnings data on Thursday. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02, FiscalAI reports. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Monster Beverage had a return on equity of 26.91% and a net margin of 23.08%.The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS.

Here are the key takeaways from Monster Beverage’s conference call:

• Record quarterly sales and earnings growth: Net sales rose 20.2% to $2.54 billion, while adjusted operating income increased 13.3% and adjusted diluted EPS grew 15.2% to $0.60. Sales increased double digits across every geographic region.
• Broad-based international momentum: Foreign-currency-adjusted sales increased 29% internationally, led by LATAM at 40.4%, APAC at 36.7%, and EMEA at 22.2%. Management cited share gains, innovation, stronger Coca-Cola bottler execution, and particularly strong growth in Brazil, China, and India.
• Innovation and distribution are supporting recruitment: U.S. market share for the Monster brand family increased 70 basis points, with Ultra sales up 19% and Juice Monster up 26%; the limited-time Ultra Red, White, and Blue offering reached 5% of scanner sales after its national launch. The company is also expanding food-service and on-premise distribution through opportunities such as Marriott.
• Higher operating costs pressured profitability: Distribution expenses rose sharply due to freight and fuel, while selling expenses increased substantially because of expanded marketing, sponsorships, and digital campaigns. Aluminum costs are expected to rise modestly through at least the end of 2026, although management plans to offset inflation through selective pricing and hedging.
• Near-term sales trends and pricing remain favorable: July sales excluding alcohol increased approximately 13.9% on a foreign-currency-adjusted basis, and the company is pursuing selective U.S. pricing actions in the fourth quarter alongside additional pricing in certain international markets. Management also said approximately $900 million remains available under its share-repurchase authorization, though no shares were repurchased during the quarter.

Monster Beverage Trading Down 4.0%

NASDAQ:MNST traded down $3.80 during trading hours on Friday, reaching $90.36. 8,503,845 shares of the company traded hands, compared to its average volume of 5,641,748. The business’s 50-day moving average price is $94.34 and its two-hundred day moving average price is $84.75. The stock has a market capitalization of $88.37 billion, a P/E ratio of 41.83, a P/E/G ratio of 2.94 and a beta of 0.53. Monster Beverage has a 1 year low of $60.97 and a 1 year high of $100.34.

Monster Beverage shares are scheduled to split on the morning of Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly minted shares will be issued to shareholders after the closing bell on Monday, August 10th.

Insider Activity

In other news, insider Emelie Tirre sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the sale, the insider owned 71,763 shares in the company, valued at $6,152,959.62. This represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Guy Carling sold 19,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the sale, the chief executive officer owned 21,863 shares in the company, valued at approximately $1,987,346.70. The trade was a 46.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 178,700 shares of company stock valued at $15,457,562. Company insiders own 8.10% of the company’s stock.

Institutional Trading of Monster Beverage

A number of institutional investors and hedge funds have recently modified their holdings of MNST. Wellington Management Group LLP increased its holdings in shares of Monster Beverage by 133.4% in the fourth quarter. Wellington Management Group LLP now owns 8,499,546 shares of the company’s stock worth $651,660,000 after purchasing an additional 4,858,109 shares during the last quarter. State Street Corp boosted its stake in Monster Beverage by 8.0% during the third quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after buying an additional 2,789,273 shares during the last quarter. Amundi boosted its stake in Monster Beverage by 51.7% during the fourth quarter. Amundi now owns 5,503,296 shares of the company’s stock valued at $421,938,000 after buying an additional 1,874,944 shares during the last quarter. Schroder Investment Management Group grew its holdings in Monster Beverage by 18.4% during the 4th quarter. Schroder Investment Management Group now owns 9,676,260 shares of the company’s stock valued at $741,879,000 after buying an additional 1,500,577 shares in the last quarter. Finally, Maverick Capital Ltd. grew its holdings in Monster Beverage by 100.7% during the 4th quarter. Maverick Capital Ltd. now owns 2,693,291 shares of the company’s stock valued at $206,495,000 after buying an additional 1,351,326 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage declared that its board has authorized a share buyback plan on Friday, May 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MNST shares. Stifel Nicolaus upped their target price on Monster Beverage from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft cut shares of Monster Beverage from a “buy” rating to a “hold” rating and lifted their price target for the company from $94.00 to $98.00 in a report on Monday, July 20th. Evercore boosted their price target on shares of Monster Beverage from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday. Sanford C. Bernstein initiated coverage on Monster Beverage in a report on Friday, June 12th. They set a “market perform” rating and a $95.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Monster Beverage from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.55.

More Monster Beverage News

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Q2 results exceeded expectations: Monster reported earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue rose 20.2% year over year to $2.50 billion, ahead of the $2.43 billion forecast. Monster Beverage earnings report
• Positive Sentiment: Broad-based growth remains intact: Energy-drink demand, international markets and the company’s core business drove the sales acceleration. Management also reported improving margins despite higher costs. Monster Beverage Q2 sales growth
• Positive Sentiment: Analysts raised price targets: Piper Sandler increased its target to $101 and maintained an overweight rating; Evercore raised its target to $105 with an outperform rating; and UBS lifted its target to $105 while retaining a neutral rating. These targets imply meaningful upside from the cited reference price. Piper Sandler price target
• Neutral Sentiment: Pricing actions are planned: Monster outlined selective pricing actions for the fourth quarter of 2026 and scheduled an investor meeting for December 1, which could provide additional details on strategy, margins and growth outlook. Monster pricing actions and investor meeting
• Negative Sentiment: Strong results were not enough to support the stock: The market reaction indicates elevated expectations may already have been reflected in MNST’s valuation. With a high earnings multiple and shares near their 12-month high, investors may be demanding stronger forward guidance or a larger earnings surprise.
• Negative Sentiment: Cost and execution risks remain: Rising costs continue to pressure profitability, while the company’s ability to sustain international growth and successfully implement pricing will be important to future earnings momentum.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.