Monster Beverage Corporation Stock Was Bought By Options Traders

 Monster Beverage Corporation Stock Was Bought By Options Traders

In today’s session Monster Beverage Corporation (MNST) registered an unusually high (1,450) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MNST increase. With 1,450 contracts traded and 3204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MNST161118C00155000 closed last at: $2.05 or 8.9% down. About 82,253 shares traded hands. Monster Beverage Corporation (NASDAQ:MNST) has risen 9.33% since March 15, 2016 and is uptrending. It has outperformed by 3.85% the S&P500.

Analysts await Monster Beverage Corporation (NASDAQ:MNST) to report earnings on November, 3. They expect $1.14 EPS, up 35.71% or $0.30 from last year’s $0.84 per share. MNST’s profit will be $211.69M for 32.44 P/E if the $1.14 EPS becomes a reality. After $0.99 actual EPS reported by Monster Beverage Corporation for the previous quarter, Wall Street now forecasts 15.15% EPS growth.

Monster Beverage Corporation (NASDAQ:MNST) Ratings Coverage

Out of 18 analysts covering Monster Beverage Corp (NASDAQ:MNST), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. $185 is the highest target while $117 is the lowest. The $162.25 average target is 9.68% above today’s ($147.93) stock price. Monster Beverage Corp has been the topic of 35 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Thursday, August 13, the company rating was upgraded by Morgan Stanley. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Buy” rating by Argus Research on Tuesday, November 10. On Friday, February 26 the stock rating was upgraded by Credit Agricole to “Buy”. Credit Suisse initiated Monster Beverage Corporation (NASDAQ:MNST) on Friday, September 16 with “Outperform” rating. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Buy” rating by TheStreet on Monday, July 27. The stock of Monster Beverage Corporation (NASDAQ:MNST) has “Buy” rating given on Friday, August 7 by Citigroup. The stock of Monster Beverage Corporation (NASDAQ:MNST) earned “Neutral” rating by Susquehanna on Friday, November 13. Credit Agricole downgraded the stock to “Outperform” rating in Wednesday, September 16 report. The rating was downgraded by CLSA to “Outperform” on Wednesday, September 16. Vetr upgraded the shares of MNST in a report on Monday, August 24 to “Buy” rating.

According to Zacks Investment Research, “Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries market and distribute energy drinks, including Monster Energy(R) energy drinks, Monster Energy Extra Strength Nitrous Technology(R) energy drinks, Java Monster(R) non-carbonated coffee + energy drinks, M3(R) Monster Energy(R) Super Concentrate energy drinks, Monster Rehab(R) non-carbonated energy drinks with electrolytes, Muscle Monster(R) Energy Shakes, Ubermonster(R) energy drinks, NOS(R) energy drinks, Full Throttle(R) energy drinks, Burn(R) energy drinks, Samurai(R) energy drinks, Relentless(R) energy drinks, Mother(R) energy drinks, Power Play(R) energy drinks, BU(R) energy drinks, Nalu(R) energy drinks, BPM(R) energy drinks, Gladiator(R) energy drinks, and Ultra(R) energy drinks.”

MNST Company Profile

Monster Beverage Corporation, incorporated on April 25, 1990, is a holding firm and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries market and distribute energy drinks, including Monster Energy energy drinks, Monster Energy Extra Strength Nitrous Technology energy drinks, Java Monster non-carbonated coffee + energy drinks, M3 Monster Energy Super Concentrate energy drinks, Monster Rehab non-carbonated energy drinks with electrolytes, Muscle Monster Energy Shakes, Ubermonster energy drinks, NOS energy drinks, Full Throttle energy drinks, Burn energy drinks, Samurai energy drinks, Relentless energy drinks, Mother energy drinks, Power Play energy drinks, BU energy drinks, Nalu energy drinks, BPM energy drinks, Gladiator energy drinks, and Ultra energy drinks.

More important recent Monster Beverage Corporation (NASDAQ:MNST) news were published by: Fool.com which released: “Monster Beverage Corp. Earnings: Another Rip-Roaring Growth Performance” on August 09, 2016, also Fool.com published article titled: “Why Monster Beverage Corporation Jumped 12% Today”, Globenewswire.com published: “Monster Beverage Corporation Announces Final Results of $2.0 Billion Tender Offer” on June 15, 2016. More interesting news about Monster Beverage Corporation (NASDAQ:MNST) was released by: Marketwatch.com and their article: “Monster Beverage to split stock 3 for 1” with publication date: October 14, 2016.

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