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MNST

Monster Beverage

$53.75

-0.45 (-0.83%)

12:20
03/22/19
03/22
12:20
03/22/19
12:20

Far downside put buy in Monster Beverage

Far downside put buy in Monster Beverage. The stock off 61c to $53.59 and 2.8K May 40s trade 20c on ISE. Paper bought. Open interest is zero and the contract is struck 25% below spot, expiring in eight weeks. 12/24 52-week low is $47.95. Earnings due first week of May and inside the expiration.

MNST Monster Beverage
$53.75

-0.45 (-0.83%)

03/12/19
BMOC
03/12/19
DOWNGRADE
Target $62
BMOC
Market Perform
Monster Beverage downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Amit Sharma downgraded Monster Beverage (MNST) to Market Perform from Outperform with an unchanged price target of $62. The stock closed yesterday up 58c to $61.19. Monster's current valuation, both absolute and relative to peers, "may be as good it gets," Sharma tells investors in a research note. Due to an "unfavorable" sales/product mix and emerging competition in the U.S. from Bang, as well as "disappointing" margin progression abroad, the analyst sees limited ability for the company to meaningfully exceed expectations and justify a higher valuation multiple. Red Bull is not following Monster on its recent price and also appears to be expanding its price cuts to the larger single-serve segment in Walmart (WMT), the analyst contends. Further, he points out that Bang is now capturing nearly 40% of energy drinks growth. Lastly, Sharma sees a "dwindling likelihood" of the "long-hoped-for" buyout of Monster Beverage by Coca-Cola (KO).
03/12/19
03/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Hold from Buy at Edward Jones. 2. Monster Beverage (MNST) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying Monster's current valuation, both absolute and relative to peers, "may be as good it gets." 3. Coca-Cola (KO) downgraded to Hold from Buy at HSBC with analyst Carlos Laboy saying in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. 4. HP Enterprise (HPE) downgraded to Sell from Neutral at UBS with analyst John Roy saying the company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better." 5. F5 Networks (FFIV) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying the "expensive" acquisition of NGINX is "tough to digest" given the integration and execution risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/19
GSCO
03/20/19
DOWNGRADE
Target $59
GSCO
Neutral
Monster Beverage downgraded to Neutral from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Judy Hong downgraded Monster Beverage to Neutral from Buy and removed the shares from her firm's Americas Conviction List. She also lowered her price target for the stock to $59 from $67. Monster closed yesterday down 4%, or $2.68, to $57.92. The company's U.S. sales could remain softer than expected in the near term, driving downward estimate revisions, Hong tells investors in a research note. Recent Nielsen data points to a "sizable slowing" in Monster's sales growth, says the analyst. She thinks heightened competition from Red Bull and continued growth from Bang are beginning to have a more sizable market share and sales impact on the company.
03/20/19
03/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Monster Beverage (MNST) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Judy Hong saying the company's U.S. sales could remain softer than expected in the near term, driving downward estimate revisions. 2. FedEx (FDX) downgraded to Neutral from Overweight at JPMorgan with analyst Brian Ossenbeck noting FedEx's outlook was lowered more than expected as legacy Express leverage to a strong airfreight market was muted and the full TNT integration remains a second half of 2020 event. 3. Rockwell Automation (ROK) downgraded to Neutral from Buy at UBS with analyst Peter Lennox-King seeing a balanced risk/reward profile given the company's "decelerating growth outlook." 4. Teradata (TDC) downgraded to Sell from Neutral at Citi with analyst Tyler Radke saying shares are up over 20% since the company preannounced a strong Q4, but the quarter benefitted from one-offs. 5. Envestnet (ENV) downgraded to Neutral from Buy at DA Davidson with analyst Peter Heckmann noting the rebound in shares has taken valuation on the stock to more fair levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UPS

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AAPL

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IIVI

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NVR

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-30.45 (-0.83%)

, JEF

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NOC

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PSMT

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, FNSR

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IIVI

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$39.05

-0.5 (-1.26%)

, CPE

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$4.53

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  • 23

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NVR

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NHYDY

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RESN

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NINE

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ATOM

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MPWR

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AAPL

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MO

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EADSY

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  • 13

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PSX

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POST

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