|Bid||83.16 x 1800|
|Ask||83.49 x 1000|
|Day's Range||82.42 - 83.84|
|52 Week Range||50.06 - 83.96|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||39.26|
|Earnings Date||Nov. 05, 2020 - Nov. 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.27|
In spite of the worst that the coronavirus could throw at the food and beverage sector, Monster Beverage (NASDAQ: MNST) kept up a yearlong winning streak by surpassing analyst consensus estimates for the fourth consecutive quarter. Monster's net sales registered only a small year-over-year decrease, declining from $1.1 billion in Q2 2019 to $1.09 billion in Q2 2020. Monster added that its "e-commerce, club store, mass merchandiser, and grocery and related business continued to increase in the quarter."
Despite adverse COVID-19 impacts, Monster Beverage (MNST) gains from improved sales as stores reopened in the latter half of Q2. Also, the solid online show cushions the top line.
Hard seltzer has been a hot consumer trend since last summer, led by the privately owned White Claw brand and Boston Beer's Truly. Energy drink veteran Monster Beverage (NASDAQ: MNST) has been rumored to have an alcohol-infused seltzer brand of its own in the works, like pretty much every other beverage brewer on the market. When Monster reported its second-quarter results on Tuesday, CEO Rodney Sacks addressed that speculation head-on.