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

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

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 Price Performance

NASDAQ MNST traded down $3.80 during midday trading on Friday, hitting $90.36. 8,503,845 shares of the company traded hands, compared to its average volume of 5,641,748. Monster Beverage has a 52 week low of $60.97 and a 52 week high of $100.34. The company’s 50-day simple moving average is $94.34 and its 200-day simple moving average is $84.75. The company has a market cap of $88.37 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 2.94 and a beta of 0.53.

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

Wall Street Analyst Weigh In

MNST has been the subject of several research analyst reports. Sanford C. Bernstein started coverage on Monster Beverage in a research report on Friday, June 12th. They set a “market perform” rating and a $95.00 target price for the company. UBS Group raised their price target on shares of Monster Beverage from $104.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen lifted their price objective on shares of Monster Beverage from $90.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. BMO Capital Markets reissued a “market perform” rating and issued a $95.00 price objective (up from $73.00) on shares of Monster Beverage in a research report on Monday, July 20th. Finally, Rothschild & Co Redburn upgraded shares of Monster Beverage from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $90.00 in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.55.

Key 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.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 54,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total transaction of $4,633,740.00. Following the completion of the sale, the director directly owned 299,246 shares in the company, valued at $25,678,299.26. This represents a 15.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Emelie Tirre sold 88,700 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.96, for a total value of $7,624,652.00. Following the sale, the insider directly owned 81,763 shares in the company, valued at approximately $7,028,347.48. The trade was a 52.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 178,700 shares of company stock valued at $15,457,562. 8.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MNST. State Street Corp raised its stake in shares of Monster Beverage by 0.8% during the 4th quarter. State Street Corp now owns 38,021,648 shares of the company’s stock worth $2,915,120,000 after acquiring an additional 302,557 shares in the last quarter. Invesco Ltd. boosted its stake in Monster Beverage by 6.3% in the third quarter. Invesco Ltd. now owns 11,675,603 shares of the company’s stock valued at $785,885,000 after acquiring an additional 692,192 shares in the last quarter. Schroder Investment Management Group boosted its stake in Monster Beverage by 18.4% in the fourth quarter. Schroder Investment Management Group now owns 9,676,260 shares of the company’s stock valued at $741,879,000 after acquiring an additional 1,500,577 shares in the last quarter. Wellington Management Group LLP grew its holdings in 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. Finally, Northern Trust Corp grew its holdings in Monster Beverage by 1.2% in the third quarter. Northern Trust Corp now owns 7,867,341 shares of the company’s stock worth $529,551,000 after purchasing an additional 95,919 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 15th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.