SteelPeak Wealth LLC lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 101.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,569 shares of the company’s stock after purchasing an additional 29,014 shares during the period. SteelPeak Wealth LLC’s holdings in Monster Beverage were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in MNST. Retirement Wealth Solutions LLC boosted its stake in Monster Beverage by 113.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock worth $25,000 after purchasing an additional 321 shares during the last quarter. Davis Capital Management boosted its position in Monster Beverage by 98.8% during the third quarter. Davis Capital Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Monster Beverage during the 2nd quarter valued at about $27,000. Jones Financial Companies Lllp purchased a new stake in Monster Beverage during the 2nd quarter valued at about $28,000. Finally, MV Capital Management Inc. acquired a new stake in Monster Beverage in the 4th quarter valued at about $30,000. 72.36% of the stock is owned by institutional investors and hedge funds.
Monster Beverage Price Performance Shares of MNST opened at $45.73 on Monday. Monster Beverage Corporation has a 1-year low of $32.94 and a 1-year high of $50.17. The stock has a market cap of $89.59 billion, a PE ratio of 42.34, a P/E/G ratio of 2.84 and a beta of 0.49. The firm has a 50-day simple moving average of $44.70 and a two-hundred day simple moving average of $44.16.
Monster Beverage (NASDAQ:MNST – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year. Analyst Ratings Changes A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Monster Beverage from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Zacks Research upgraded shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Piper Sandler increased their price target on shares of Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Monster Beverage from $83.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Citigroup restated a “buy” rating on shares of Monster Beverage in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $74.07.
View Our Latest Stock Report on MNST
Monster Beverage Profile (Free Report)
Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.
The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.
Featured Stories Five stocks we like better than Monster Beverage These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST – Free Report).
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Onyx Bridge Wealth Group LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,105 shares of the company’s stock, valued at approximately $712,000.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Monster Beverage in the 2nd quarter valued at $5,770,004,000. Ninety One UK Ltd lifted its stake in Monster Beverage by 89.1% during the 3rd quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock worth $545,444,000 after acquiring an additional 6,175,047 shares in the last quarter. Bank of America Corp DE lifted its stake in Monster Beverage by 0.8% during the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock worth $908,102,000 after acquiring an additional 99,168 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Monster Beverage by 23.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock valued at $553,414,000 after acquiring an additional 1,461,167 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Monster Beverage by 27.8% during the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock valued at $717,629,000 after acquiring an additional 1,624,416 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several equities analysts have weighed in on the company. Weiss Ratings raised Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target (up from $98.00) on shares of Monster Beverage in a research report on Monday, August 10th. BMO Capital Markets reissued a “market perform” rating and set a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research report on Monday, July 20th. Morgan Stanley raised their price objective on shares of Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Piper Sandler lifted their price objective on shares of Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.07.
Get Our Latest Report on Monster Beverage Monster Beverage Price Performance NASDAQ MNST opened at $45.73 on Monday. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The stock has a market capitalization of $89.59 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.84 and a beta of 0.49. The firm has a 50 day moving average of $44.70 and a two-hundred day moving average of $44.16.
Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 20.2% on a year-over-year basis. On average, equities research analysts expect that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.
Monster Beverage Profile (Free Report)
Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.
The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.
Read More Five stocks we like better than Monster Beverage These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom
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Key Takeaways Monster Beverage targets long-term growth through brand investments, innovation and international expansion.U.S. Ultra sales surged 19% year over year, while Juice Monster grew 26%, highlighting innovation-led growth.MNST is investing in marketing, distribution and cost-efficiency initiatives to support market share. Monster Beverage Corporation (MNST - Free Report) maintains a strong position in the global energy drink market, driven by its focus on premiumization, product innovation and a powerful portfolio of brands. Its lineup includes Monster Energy, Monster Ultra, Java Monster, Reign, NOS and Full Throttle. Leveraging the strength of these brands, the company remains well-positioned to capitalize on growing consumer demand for energy drinks and evolving preferences for differentiated, functional and better-for-you beverage options.
Monster Beverage is focused on strengthening its position in the high-growth energy drink category through continued brand investments, innovation and geographic expansion. Its flagship Monster Energy brand remains a key growth driver, supported by strong consumer recognition and a broad range of flavors and product offerings. The company continues to introduce new products and expand existing brands to capture changing consumer preferences, including growing demand for zero-sugar, functional and premium energy beverages.
Innovation remains a key driver of Monster’s growth strategy. The company continues to benefit from products across its Ultra, Juice Monster, Reign and Bang brand families. In the United States, Ultra sales increased 19% year over year, while Juice Monster grew 26% in second-quarter 2026. Management said innovation contributed to second-quarter sales growth, with FLRT and Storm marketing efforts also being expanded.
The company remains well-positioned for long-term growth as it expands its global footprint and focuses on higher-growth segments of the beverage market. Monster Beverage is investing in product innovation, marketing and distribution capabilities to strengthen its brands and expand market share. The company is also pursuing productivity and cost-efficiency initiatives to support margins while maintaining investments in long-term growth opportunities.
In a nutshell, Monster Beverage is well-positioned to capitalize on the continued expansion of the global energy drink market, backed by a strong portfolio of category-leading brands and a clear focus on innovation. Its extensive brand portfolio, new product launches, international expansion and strategic investments provide important support for MNST's continued growth and long-term value creation.
MNST’s Price Performance, Valuation and EstimatesShares of Monster Beverage have gained 12.5% in the past six months compared with the industry’s growth of 2.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, MNST trades at a forward price-to-earnings ratio of 34.94X compared with the industry’s average of 18.6X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MNST’s 2026 and 2027 EPS indicates year-over-year growth of 7.8% and 14.3%, respectively. The company’s EPS estimates for 2026 and 2027 have been stable in the past 30 days.
Image Source: Zacks Investment Research
Monster Beverage currently carries a Zacks Rank #3 (Hold).
Stocks to Consider in the Consumer Staples Space The Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 10.8% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Utz Brands, Inc. (UTZ - Free Report) , which is a leading manufacturer of a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.
The Zacks Consensus Estimate for UTZ’s current financial-year sales indicates a rise of 3.7% from the year-ago number.
Darling Ingredients Inc. (DAR - Free Report) , which produces sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank of 2.
The consensus estimate for Darling Ingredients’ current financial-year sales is expected to rise 11.5% from the year-ago reported figure. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
PepsiCo a Monster Beverage žalují indický regulátor kvůli zákazu označování „energy drink“ u vysokokofeinových nápojů. PepsiCo varuje před vážnými obchodními dopady na 492 milionů lahví a 26 milionů plechovek v oběhu.
PepsiCo and Monster Beverage have sued India's food regulator for banning their use of the "energy drink" label, non-public court filings show, escalating a regulatory fight that has jolted a sector expected to be worth $1.6 billion by 2028.
The food safety regulator ordered makers of high-caffeine beverages sold as "energy drinks" to stop using the description on June 30 amid growing concerns about the health risk of such products - part of an unprecedented food safety crackdown.
In a court filing in New Delhi, PepsiCo India said the prohibition will have "grave commercial consequences" and hurt "substantial investments", given that it had 492 million bottles and 26 million cans with those labels in circulation on July 31.
PepsiCo (PEP.O) was not given an opportunity to explain its position before the directive, and so the decision should be set aside, said the 358-page September 29 filing, which is not public and has not appeared in media but was seen by Reuters.
The regulator privately gave the companies 90 days to drop "energy drink", or any similar description, from high-caffeine beverages, saying that using that term breached regulations, Reuters has reported. The company filings say several Indian states began seizing the stock straight away.
MORE CHALLENGES, RELIEF FOR SOME FIRMS
The energy drink market in India boomed after PepsiCo launched Sting in 2017, with its 20-rupee ($0.21) plastic bottles proving popular among 15- to 19-year-olds and in rural areas, Euromonitor says. PepsiCo also sells its energy drink Adrenaline Rush in the market.
In the non-public court filing of Monster Beverage (MNST.O) unit, Monster Energy India, the company said it was given no prior notice before the decision was taken.
The company "is suffering grave financial loss and reputational harm," said Monster's September 30 filing in the Delhi court, which Reuters has reviewed.
Monster did not respond to Reuters queries, and neither did the Food Safety and Standards Authority of India.
The cases are likely to be taken up by a judge next week.
India's energy drink retail sales are growing 12.6% annually, faster than in the United States and China.
Energy drinks have sparked health concerns among regulators in several countries around the world who worry they contain significant amounts of caffeine, sugar and taurine, an amino acid, which research suggests can contribute to health problems including high blood pressure and heart problems.
They will be banned for under-16s in England from April next year.
Beverage companies, including Mukesh Ambani's Reliance (RELI.NS), lobbied hard against the move in August, but the regulator didn't agree to their requests.
However, the Delhi court this week quashed the food regulator's order to Austria's Red Bull, after the company flagged worries about investment impact, Reuters has reported.
Following a separate challenge by Hell Energy, another global energy drink brand, a court in western India put the government's decision on hold for the company, an order showed on Thursday.
Monster Beverage ve 2. čtvrtletí 2026 meziročně zvýšil tržby o 20,2 % a čistý zisk o 19,6 %. Tahounem zůstává mezinárodní expanze a širší produktové portfolio.
Monster Beverage (MNST -3.00%) has reached the point where its size becomes part of the investment question.
The company generated more than $8 billion in revenue in 2025. So naturally, investors ask: How much bigger can Monster Beverage really get? It's a fair question. After all, Monster Beverage has already built one of the world's best-known energy drink brands.
Yet Monster Beverage's growth hasn't slowed to the degree you might expect from a company of its massive size. In the second quarter of 2026, revenue increased 20.2% year over year, while net income climbed 19.6%.
So where does the next $5 billion or $10 billion in revenue come from? The answer lies in three potential large growth levers.
Image source: Getty Images.
Recruiting new consumers around the world The simplest opportunity is geographical expansion.
Monster Beverage generated $3.44 billion in revenue outside the U.S. in 2025, an increase of 16.1%. This represented about 41% of total sales. Comparatively, groupwide revenue grew by "just" 10.7%.
The rapid growth of its international business is important because the U.S. is already a highly developed energy drink market. Fortunately, Monster Beverage doesn't need American consumers to suddenly drink twice as many cans. It can find new consumers in markets where energy drinks have more room to grow.
To this end, Monster Beverage has access to Coca-Cola's extensive bottling and distribution network, allowing it to expand internationally without building a new distribution system from scratch.
In other words, Monster Beverage can export its brand-building playbook to new markets. So far, this approach is working, as sales have been growing at high double digits in markets like China and India. If it can sustain this trend, geography alone could extend the company's growth runway for years.
Giving customers more reasons to choose Monster Beverage In addition to finding new consumers, Monster Beverage can sell more products to existing consumers.
One way is to steadily expand beyond its original energy drink formula. For example, Monster Ultra targets consumers looking for zero sugar, Juice Monster offers a different taste profile, and Reign focuses on fitness and performance. Reign Storm takes the portfolio further into the wellness-oriented market.
The strategy is simple: Don't ask consumers to drink more of the same thing. Give them more reasons to choose Monster Beverage.
And this is where having a product portfolio becomes a powerful growth engine. The company can launch new flavors, formats, and brands, test them across its existing distribution network, and scale the ones that resonate with consumers.
Of course, not every product will succeed. But a few successful launches can become meaningful businesses, while the rest provide valuable information about where consumer tastes are heading.
More importantly, Monster Beverage already has the infrastructure to test these products. It has the brand recognition, retailer relationships, marketing capabilities, and distribution network that a start-up would spend years building.
That turns innovation into a repeatable process rather than a one-off bet.
The math gets interesting Put the pieces together, and Monster Beverage has several ways to keep growing:
More countries. More consumers. More occasions. More products. The company doesn't need to sustain 20% growth forever. In fact, it would be unrealistic to expect it to do so as the business gets larger.
But if international expansion continues, new products create additional consumption occasions, and Monster Beverage keeps winning a share of those opportunities, the company could still grow at healthy rates for many years.
Moreover, the beverage company has an enviable financial position, positioning it well to fund these growth opportunities. For perspective, it generated $2.4 billion in operating profit in 2025 and ended the year with more than $2 billion in cash and cash equivalents.
In other words, Monster Beverage has a fully functional growth machine that can continue to deliver in the foreseeable future.
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What does it mean for investors? Let's be honest, Monster Beverage's size makes maintaining high growth increasingly difficult. So investors shouldn't assume Monster Beverage can simply repeat its past performance indefinitely.
Still, it has a proven playbook for growth. And judging by its track record, it is well-positioned to keep growing for a while. After all, it has a powerful brand, a global distribution network, and a growing product portfolio to serve its consumers.
So yes, Monster should remain a growth stock for years to come.
Monster Beverage ve 2. čtvrtletí 2026 zvýšila mezinárodní tržby o 34,6 % na 1,16 mld. USD, což bylo asi 46 % celkových tržeb. Růst táhly hlavně Čína, Indie a Brazílie, kde tržby vzrostly o 62,5 %, 84 % a 82 %.
Key Takeaways Monster Beverage's international sales jumped 34.6% to $1.16B in Q2 2026, reaching about 46% of sales.Monster Beverage is expanding coolers, SKUs and affordable brands with support from Coca-Cola bottlers.Monster Beverage faces lower overseas margins and inflation in aluminum, freight and fuel. Monster Beverage Corporation’s (MNST - Free Report) international business is emerging as a major growth engine, supported by healthy energy-drink demand, product innovation and deeper execution with Coca-Cola bottling partners. The company continues to expand distribution, cooler placements and SKU availability across overseas markets while tailoring its portfolio to different consumer needs and price points. Growth has also benefited from the increasing popularity of zero-sugar offerings and affordable energy drinks, particularly across emerging markets. These initiatives are helping Monster Beverage strengthen its market presence and capture incremental consumption occasions outside the United States.
The momentum was evident in the second quarter of 2026, when net sales to customers outside the United States surged 34.6% to $1.16 billion, representing about 46% of total sales, compared with roughly 41% a year earlier. On a foreign currency-adjusted basis, international sales increased 29%. EMEA sales climbed 27.2%, while Asia-Pacific revenues advanced 35.7%. Latin America, including Mexico and the Caribbean, recorded a 56.1% increase. Among key markets, China sales jumped 62.5%, India rose 84% and Brazil advanced 82%.
Several strategic initiatives suggest that Monster Beverage is building a broader foundation for international growth rather than relying solely on category expansion. In EMEA, the company is increasing branded cooler placements, expanding energy zones with retailers and rolling out additional Monster Ultra and Juice Monster offerings. In Asia, management remains focused on expanding affordable brands and opening new markets, while collaboration with Coca-Cola bottlers is improving availability and execution. These efforts, combined with innovation across Monster, Bang and other brands, are helping the company reach consumers across different income levels, occasions and preferences.
Still, rapid international expansion brings a margin consideration. Management noted that overseas markets generally carry lower gross-margin percentages than the U.S. business, meaning a rising international sales mix can weigh on the company’s consolidated margin rate even while adding profit dollars. Monster Beverage is also navigating inflation in aluminum, freight and fuel, while selectively pursuing pricing actions across markets. Therefore, the key issue is whether continued overseas volume growth, market-share gains and pricing can offset these cost and mix pressures while sustaining the strong contribution from international operations.
MNST’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have appreciated 38% in the past year, outperforming the Zacks Beverages - Soft Drinks industry and the broader Consumer Staples sector’s rise of 22% and 4.6%, respectively.
MNST Stock's One-Year Performance
Image Source: Zacks Investment Research
Is MNST a Value Play Stock?Monster Beverage’s shares are currently trading at a forward 12-month price-to-earnings (P/E) multiple of 36.59X, significantly above the industry’s average of 19.32X.
MNST P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderVita Coco Company (COCO - Free Report) is a global beverage company best known for its Vita Coco coconut water brand, with a diversified portfolio spanning coconut-based products, plant-based alternatives, functional drinks and private-label offerings across retail, e-commerce and foodservice channels. COCO currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vita Coco’s 2026 sales and earnings indicates growth of 31.6% and 63.8%, respectively, from the year-ago reported numbers. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF flaunts a Zacks Rank #1.
The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.5% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Medifast, Inc. (MED - Free Report) , which is a leading manufacturer and distributor of clinically proven healthy living products and programs, currently carries a Zacks Rank #2 (Buy). MED missed the average earnings surprise by a sharp margin in the trailing four quarters.
The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 27.3% from the year-ago number.
Monster Beverage ve 2. čtvrtletí zvýšila čisté tržby segmentu Monster Energy Drinks o 21,6 % na 2,36 miliardy USD, tažené růstem prodejů energy drinků.
Key Takeaways Monster Beverage's energy drink case sales jumped, driving 21.6% net sales growth in its core segment.Ultra and Juice Monster posted strong U.S. growth as new products expanded Monster's consumer reach.International expansion and pricing actions support growth, while EPS estimates have recently declined. Monster Beverage Corporation (MNST - Free Report) continues to benefit from the sustained expansion of the global energy drinks category and its steady cadence of product innovations. Robust consumer demand across key markets has supported strong momentum in MNST’s core energy portfolio. With category trends remaining favorable worldwide, the company is well-positioned to maintain its growth trajectory and continue gaining market share.
In the second quarter of 2026, energy drink case sales increased to 304.9 million, 192-ounce case equivalents, from 249.3 million a year ago. The Monster Energy Drinks segment’s net sales increased 21.6% year over year to $2.36 billion. International expansion, operational efficiency and product innovation are driving the company's overall performance.
Product launches remain central to Monster Beverage’s strategy to increase consumer reach and strengthen its portfolio. In the second quarter of 2026, management highlighted continued growth from Ultra, Juice Monster and innovation across Ultra, Reign and Bang brand families. The Ultra brand family grew 19% year over year in the United States, while Juice Monster grew 26%. Management also noted that innovation contributed to second-quarter sales growth and that FLRT and Storm marketing efforts were being expanded. A broader portfolio across zero-sugar, full-sugar, wellness and affordable offerings allows Monster Beverage to target additional consumers and usage occasions.
Management said staggered 2026 launches improved execution, while limited-time offerings performed well. The company also continues to expand zero-sugar products, food-service distribution and affordable energy brands in international markets. July sales, excluding Alcohol Brands, were estimated to be 14.3% above the prior-year period, providing an early read on continued sales momentum. Management has initiated discussions with U.S. partners and customers regarding selective pricing actions expected to take effect in the fourth quarter. In EMEA, Monster Beverage has already implemented aggregate low-single-digit pricing in certain markets and is considering additional increases elsewhere.
At its core, Monster Beverage will continue to benefit from steady growth in the global energy drink market, supported by strong demand across convenience stores and other key retail channels. Its efforts to advance innovation, expand its international presence and enhance operational efficiency are expected to further strengthen its performance.
MNST’s Price Performance, Valuation and EstimatesShares of Monster Beverage have gained 15.6% in the past six months compared with the industry’s growth of 4%.
Image Source: Zacks Investment Research
From a valuation standpoint, MNST trades at a forward price-to-earnings ratio of 38.71X compared with the industry’s average of 19.83X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MNST’s 2026 and 2027 EPS indicates year-over-year growth of 7.8% and 14.3%, respectively. The company’s EPS estimates for 2026 and 2027 have dipped in the past 30 days.
Image Source: Zacks Investment Research
Monster Beverage currently carries a Zacks Rank #3 (Hold).
Stocks to Consider in the Consumer Staples SpaceThe Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 10.6% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Darling Ingredients Inc. (DAR - Free Report) , which produces sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1.
The consensus estimate for Darling Ingredients’ current financial-year sales is expected to rise 11.5% from the year-ago reported figure. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
Utz Brands, Inc. (UTZ - Free Report) , which is a leading manufacturer of a diverse portfolio of salty snacks, currently carries a Zacks Rank #2 (Buy). UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.
The Zacks Consensus Estimate for UTZ’s current financial-year sales indicates a jump of 3.7% from the year-ago number.
Coca-Cola ve 2. čtvrtletí 2026 zvýšila objem značky Coca-Cola o 5 %, což je nejsilnější růst za 17 let mimo období po covidu. Fairlife vzrostla o 18 %.
Key Takeaways Coca-Cola is adapting to shifting tastes with growth across flagship, hydration, dairy and juice brands.Trademark Coca-Cola volume rose 5% in Q2'26, its strongest growth in 17 years, excluding COVID recovery.Fairlife grew 18% in Q2 as capacity ramped, while Coca-Cola Zero Zero expanded globally after Europe gains. The Coca-Cola Company (KO - Free Report) continues to adapt its beverage portfolio as consumer preferences evolve, reducing the risk that changing tastes could materially undermine its core business. While management does not specifically identify health-conscious consumption as a threat, Coca-Cola emphasizes its ability to respond quickly to changing consumer needs and remain relevant across different drinking occasions.
Recent performance suggests that the company’s traditional brands continue to hold consumer appeal. Trademark Coca-Cola volume grew 5% in the second quarter of 2026, marking its strongest growth in 17 years, excluding the COVID recovery period. At the same time, Powerade volume increased 8% globally.
Coca-Cola is also broadening participation across beverage categories. In North America, volume growth was supported by several brands beyond traditional sparkling beverages, including fairlife, Powerade, Gold Peak, smartwater and Simply. This breadth underscores Coca-Cola’s ability to participate across different beverage categories and consumption occasions rather than relying solely on its flagship carbonated brands.
Fairlife remains an important part of this diversification. The brand grew 18% in the second quarter, with demand remaining strong as Coca-Cola continued ramping up capacity at its Webster facility. The company is currently prioritizing availability of its core fairlife products, while additional innovation is expected as production flexibility improves.
The company is simultaneously extending existing brands into new occasions. Coca-Cola Zero Zero is being expanded globally following encouraging initial performance in Europe, highlighting efforts to keep the trademark relevant across more occasions and consumer needs.
Overall, Coca-Cola appears well-positioned to respond to evolving beverage preferences through portfolio breadth and innovation. Taken together, growth across flagship and diversified beverage brands suggests that the company is addressing shifting demand without relying on a single category.
How Consumer Health Trends Are Working for Peers: PEP & MNSTPepsiCo Inc. (PEP - Free Report) and Monster Beverage Corporation (MNST - Free Report) are also reshaping their portfolios and innovation strategies to capture evolving consumer demand for beverages aligned with health, wellness and functional benefits.
PepsiCo is navigating shifting consumer health preferences by expanding functional, zero-sugar and permissible offerings across beverages and snacks. Gatorade Lower Sugar, Propel, Pepsi Zero Sugar and other better-for-you products performed well, while the company is adding protein, fiber and simpler-ingredient options. Still, North America beverage volumes remained subdued, showing that portfolio evolution has not fully offset broader category softness. PepsiCo plans continued innovation and investment to align with changing demand.
Monster Beverage is adapting well to shifting consumer health preferences, with zero-sugar products emerging as a major growth engine. Its zero-sugar portfolio remained a significant contributor to U.S. growth, while the Ultra family grew 19% in the second quarter. In Europe, zero sugar accounted for most category growth, and Monster led the segment. The company is also using smaller can sizes and innovation to attract broader, younger and female consumers.
Zacks Rundown for Coca-ColaKO shares have rallied 11.8% in the past three months compared with the industry’s o 5.7% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Coca-Cola is trading at a forward price-to-earnings ratio of 26.47X, higher than the industry’s 20.05X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for KO’s 2026 and 2027 earnings implies year-over-year growth of 9.7% and 7.1%, respectively. Earnings estimates for 2026 and 2027 have moved up 0.92% and 1.1% in the past 30 days.
Image Source: Zacks Investment Research
Coca-Cola currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Monster Energy ve 2. čtvrtletí zvýšil tržby o 21,6 % na 2,36 mld. USD a zůstává hlavním růstovým motorem MNST. Celkové tržby firmy vzrostly o 20,2 % na 2,54 mld. USD.
Key Takeaways MNST's Monster Energy Drinks sales rose 21.6% to $2.36B in Q2, reinforcing its role as the growth engine.Zero-sugar demand, new flavors and broader distribution attract consumers and expand usage occasions.KO bottler partnerships and emerging-market expansion offer runway, but higher costs may pressure margins. Monster Beverage Corporation’s (MNST - Free Report) core energy-drink business remains the primary engine of its growth story, supported by resilient category demand, product innovation and expanding global distribution. The company continues to benefit from rising household penetration in the energy-drink category, while its focus on zero-sugar offerings, new flavors and broader consumption occasions is helping attract new consumers. At the same time, deeper collaboration with Coca-Cola bottling partners is improving availability and retail execution across key markets, strengthening the long-term growth prospects of the Monster Energy Drinks segment.
The Monster Energy Drinks segment delivered an impressive performance in the second quarter of 2026, with net sales rising 21.6% year over year to $2.36 billion from $1.94 billion. On a foreign-currency-adjusted basis, segment sales increased 19.3%. Overall company net sales advanced 20.2% to $2.54 billion, while foreign-currency-adjusted sales climbed 17.9%. The strong top-line momentum translated into a 17.2% increase in operating income to $740.4 million, while earnings per share increased 19% to $0.59.
Growth in the core segment is being reinforced by healthy brand momentum and a steady stream of innovation. Monster Beverage’s zero-sugar portfolio remains an important growth driver, with the Ultra family benefiting from strong consumer demand and broader distribution. Juice Monster also continues to contribute to the full-sugar portfolio, while limited-time offerings and newer brands are helping the company recruit consumers and expand usage occasions. Management is also sharpening its retail execution through improved shelf presence, cooler placements and package availability, which should support the segment’s ability to gain share over time.
The outlook for the Monster Energy Drinks segment remains favorable, particularly as international markets, foodservice and on-premise channels provide additional runway. Partnerships with Coca-Cola bottlers and customers such as Marriott could broaden distribution, while expansion in emerging markets offers another avenue for growth. However, higher aluminum, freight, fuel and marketing costs remain key challenges and could pressure profitability despite selective pricing actions. Even so, sustained category growth, continued innovation and increasing global penetration suggest that the Monster Energy Drinks segment is well positioned to remain MNST’s principal growth driver.
MNST’s Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have appreciated 42.3% in the past year, outperforming the Zacks Beverages - Soft Drinks industry and the broader Consumer Staples sector’s rise of 16.5% and 1.6%, respectively.
MNST Stock's One-Year Performance
Image Source: Zacks Investment Research
Is MNST a Value Play Stock?Monster Beverage shares are currently trading at a forward 12-month price-to-earnings (P/E) multiple of 37.78X, significantly above the industry’s average of 19.65X.
MNST P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderVita Coco Company (COCO - Free Report) is a global beverage company best known for its Vita Coco coconut water brand, with a diversified portfolio spanning coconut-based products, plant-based alternatives, functional drinks and private-label offerings across retail, e-commerce and foodservice channels. COCO currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Vita Coco’s 2026 sales and earnings indicates growth of 31.6% and 64.7%, respectively, from the year-ago reported numbers. The company delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Coca-Cola Company (KO - Free Report) is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 4.03% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation (PRMB - Free Report) is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales and earnings implies growth of 2.6% and 1.5%, respectively, from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.
Monster Beverage zveřejnila výsledky hospodaření za 2. čtvrtletí 2026. V úvodu hovoru vedení uvedlo, že bude mluvit o tržbách, ziskovosti, budoucím byznysu, budoucích událostech, finanční výkonnosti a trendech.
Hilton Schlosberg - CEO & Vice Chairman
Mark Astrachan - SVP of Investor Relations & Corporate Development
Rob Gehring - Chief Executive Officer for Americas
Guy Carling - Chief Executive Officer for EMEA & OSP
Conference Call Participants
Kaumil Gajrawala - Jefferies LLC, Research Division
Kevin Grundy - BNP Paribas, Research Division
Filippo Falorni - Citigroup Inc., Research Division
Dara Mohsenian - Morgan Stanley, Research Division
Robert Ottenstein - Evercore ISI Institutional Equities, Research Division
Bonnie Herzog - Goldman Sachs Group, Inc., Research Division
Christopher Carey - Wells Fargo Securities, LLC, Research Division
Presentation
Operator
Good day, and welcome to the Monster Beverage Corporation Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please note that this event is being recorded.
I would now like to turn the conference over to Hilton Schlosberg, CEO. Please go ahead.
Hilton Schlosberg
CEO & Vice Chairman
Good afternoon, ladies and gentlemen. Thank you for attending this call. I'm Hilton Schlosberg, Vice Chairman and Chief Executive Officer; also on the call are Tom Kelly, our Chief Financial Officer; Rob Gehring, our CEO of the Americas; Guy Carling, our CEO of EMEA and OSP; Mike Rodriguez, our COO; and Emelie Tirre, our Chief Strategy Officer.
Mark Astrachan, our SVP of Investor Relations and Corporate Development, will now read our cautionary statement.
Mark Astrachan
SVP of Investor Relations & Corporate Development
Before we begin, I would like to remind listeners that certain statements made during this call may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are based on currently available information regarding the expectations of management with respect to revenues, profitability, future business, future events, financial performance and trends, management cautions that these statements
Monster Beverage (MNST - Free Report) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.70%. A quarter ago, it was expected that this energy drink maker would post earnings of $0.53 per share when it actually produced earnings of $0.58, delivering a surprise of +9.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Monster Beverage, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $2.54 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.97%. This compares to year-ago revenues of $2.11 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Monster Beverage shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Monster Beverage?While Monster Beverage has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Monster Beverage was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $2.43 billion in revenues for the coming quarter and $2.31 on $9.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Soft drinks is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Consumer Staples sector, Alico (ALCO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This agribusiness and land management company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of +69.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Alico's revenues are expected to be $2.6 million, down 69% from the year-ago quarter.
Key Takeaways Monster Beverage is expected to post 14.5% YoY revenue growth and a 13.5% rise in Q2 EPS.Innovation, zero-sugar momentum and pricing actions are expected to support Monster Beverage's Q2 growth.Global expansion may offset pressure from aluminum, freight and elevated expenses at Monster Beverage. Monster Beverage Corporation (MNST - Free Report) is expected to have delivered solid top- and bottom-line growth when it reports second-quarter 2026 results. The results are expected to have been supported by resilient demand for energy drinks, effective pricing actions and continued expansion across international markets.
The Zacks Consensus Estimate for revenues is pegged at $2.42 billion, indicating growth of 14.5% from the figure reported in the year-ago quarter. The consensus estimate for earnings of 59 cents per share implies a rise of 13.5% from the year-ago quarter’s actual. The consensus mark has been stable in the past 30 days.
In the last reported quarter, the company registered a positive earnings surprise of 9.4%. It has delivered an average positive earnings surprise of 9.6% in the trailing four quarters.
Key Factors to Note Ahead of MNST’s Q2 ResultsMonster Beverage's second-quarter 2026 performance is expected to have benefited from continued robust demand across the global energy drink category, supported by healthy consumption trends and expanding household penetration. Management has highlighted that the category continues to gain traction globally, driven by increasing consumer preference for functional beverages, broader usage occasions and strong lifestyle appeal. The company's diversified portfolio — spanning premium, zero-sugar and value offerings — remains well positioned to capitalize on these favorable category dynamics across North America, EMEA, Asia-Pacific and Latin America.
Innovation and product launches are expected to have remained important growth drivers in the quarter under review. Monster has been expanding its innovation pipeline with new flavors across the Ultra and Juice Monster families, alongside the launches of FLRT, its female-focused energy brand, and Storm, its wellness beverage offering. Seasonal promotions tied to America 250 celebrations, new packaging formats and continued momentum in zero-sugar products are also expected to have supported consumer demand and strengthened retail shelf presence during the quarter.
Pricing actions and revenue growth management are also likely to have influenced second-quarter results. Management indicated that pricing initiatives implemented in late 2025 have continued to perform as expected, with the company evaluating additional pricing opportunities while monitoring consumer demand and retailer response. These actions, together with disciplined promotional spending, are expected to have helped offset inflationary pressures and supported revenue growth.
International markets are anticipated to have remained a key growth engine in the quarter. Monster Beverage continues to gain market share across EMEA, Asia-Pacific and Latin America, supported by strong execution, innovation, expanding distribution and affordable brands such as Predator and Fury. The company has also been benefiting from increasing penetration in high-growth markets including China, India and Australia, while its partnership with The Coca-Cola Company continues to strengthen global distribution capabilities.
However, investors are likely to closely monitor margin performance amid persistent cost pressures. Monster Beverage expects aluminum costs to continue rising sequentially through the remainder of 2026 due to higher Midwest Premiums linked to tariffs. Although management believes the overall tariff impact will remain modest and continues to employ hedging strategies, higher aluminum costs, freight expenses and an unfavorable geographic sales mix could continue to pressure gross margins. At the same time, ongoing investments in digital transformation, higher stock-based compensation and continued brand-building initiatives may keep operating expenses elevated, underscoring the importance of disciplined cost management in the quarter.
What the Zacks Model Unveils for MNSTOur proven model conclusively predicts an earnings beat for Monster Beverage this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
Monster Beverage currently has an Earnings ESP of +2.61% and a Zacks Rank of 3. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Valuation Picture for MNSTFrom a valuation perspective, Monster Beverage stock is trading at a premium relative to the industry benchmarks. With a forward 12-month price-to-earnings ratio of 38.76x, the stock is trading above the Beverages - Soft Drinks industry’s average of 19.69x.
MNST Stock's P/E Valuation
Image Source: Zacks Investment Research
The recent market movements show that MNST’s shares have gained 28.2% in the past three months compared with the industry's 6.6% growth.
MNST Stock’s 3-Month Price Performance
Image Source: Zacks Investment Research
Other Stocks With the Favorable CombinationHere are some other companies that, according to our model, also have the right combination of elements to beat on earnings this reporting cycle.
Primo Brands Corporation (PRMB - Free Report) currently has an Earnings ESP of +16.51% and a Zacks Rank of 2. The consensus estimate for the quarterly revenues is pegged at $1.76 billion, which indicates a rise of 1.8% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Primo Brands’ upcoming quarter’s EPS is pegged at 34 cents, which implies a 5.6% decrease year over year. PRMB delivered a trailing four-quarter earnings surprise of 1.4%, on average.
US Foods Holding Corp. (USFD - Free Report) currently has an Earnings ESP of +1.10% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2026 EPS is pegged at $1.37, implying a 15.1% year-over-year decline.
The Zacks Consensus Estimate for quarterly revenues is pegged at $10.5 billion, which indicates growth of 3.8% from the figure reported in the prior-year quarter. USFD has a trailing four-quarter earnings surprise of 1.4%, on average.
Kimberly-Clark Corporation (KMB - Free Report) currently has an Earnings ESP of +1.43% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kimberly-Clark’s upcoming quarterly revenues is pegged at $4.23 billion. The figure implies a 1.7% increase from the prior-year quarter.
The Zacks Consensus Estimate for Kimberly-Clark’s quarterly EPS is pegged at $2, indicating a 4.2% gain from the year-ago period. KMB delivered a trailing four-quarter earnings surprise of 19.1%, on average.
Energy drink maker Monster Beverage (MNST -1.30%) is about to halve its stock price on purpose. The company's 2-for-1 split, announced July 8, hands each shareholder of record as of July 24 one additional share for every share held. The new shares are distributed after the market closes on Aug. 10, and the stock begins trading at its split-adjusted price on Aug. 11.
Mechanically, nothing of substance happens. Every investor's stake is worth the same the morning after as the night before, and the business itself is untouched.
So why pay attention at all? Because a split is usually something a board does after a big run in a stock. And in Monster's case, the run -- and the growth behind it -- is the part actually worth an investor's time.
Image source: Getty Images.
What actually changes on Aug. 11 The mechanics are simple. The split is effected as a 100% stock dividend, so the share count doubles and the price halves. Monster's market capitalization of about $95 billion doesn't move.
What the decision suggests, though it guarantees nothing, is that management is comfortable with where the stock sits. Boards tend to split shares after sustained appreciation, and Monster has delivered exactly that.
The stock closed Friday at $96.38, within about 4% of its 52-week high of $100.34 -- and it has climbed roughly 58% over the past year.
A share price near $100 isn't hard for investors to work with, especially in an era of fractional shares. So the split's practical effects are modest. Its main function is to mark the run, and little else.
The growth the split is celebrating The trajectory, however, is worth paying attention to -- and it has been steepening. Monster's net sales grew 10.7% in 2025, to $8.29 billion. In the fourth quarter of 2025, they rose 17.6% year over year to $2.13 billion. Then, in the first quarter of 2026, net sales jumped 26.9% to $2.35 billion. That's three readings, each faster than the last.
International sales are doing much of the pushing. Net sales to customers outside the United States rose 44.9% year over year in the first quarter to $1.06 billion, and they now make up about 45% of total sales, up from roughly 40% a year earlier. Currency helped some, as favorable exchange-rate moves added $89.3 million to the quarter's net sales. And growth tilted toward international markets carries a thinner margin with it: Monster's gross margin slipped to 55% of net sales from 56.5% a year earlier, which the company attributed to geographic sales mix, higher aluminum can costs, and increased freight costs, partially offset by pricing actions.
The bottom line has kept up anyway. First-quarter operating income climbed 28.1% to $730 million, net income rose 28.6% to $569.5 million, and earnings per share grew 27.6% to $0.58. Monster also returned about $100 million to shareholders through share repurchases during the quarter.
Notably, none of that growth leans on artificial intelligence (AI), which arguably makes the stock a rarity among this year's market leaders -- and part of its appeal for investors whose portfolios have grown top-heavy with technology names.
And that brings up the real event on the calendar, which isn't the split at all. Monster's second-quarter report is scheduled for Aug. 6, after the market closes (last year's arrived on Aug. 7), and it should show whether the acceleration held into the summer. That timing puts the report just before the split takes effect, giving the market fresh numbers to judge the stock by as the share count doubles.
Today's Change
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That report matters because of what investors are now paying. At about 47 times earnings, Monster trades at a steep premium to the S&P 500's multiple of about 28. A valuation like that prices in a long stretch of the kind of growth the company just delivered.
If the second quarter shows the acceleration cooling, or margins slipping further, the stock could give back some of its 58% run quickly.
So, is the split a reason to buy the stock? No -- and it isn't a reason to sell, either. It's a reason to look.
What I see is an excellent business growing faster than it has in years, priced like the growth stock it has suddenly become again. I'd rather judge that trade-off with the second-quarter numbers in hand. So I'll be watching the report, not the split date.
Monster Beverage (NASDAQ:MNST – Get Free Report) is projected to post its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.5810 per share and revenue of $2.4289 billion for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.
Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts expect Monster Beverage to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Monster Beverage Trading Down 0.5% Monster Beverage stock opened at $97.23 on Thursday. The firm has a 50 day simple moving average of $93.37 and a 200 day simple moving average of $83.99. Monster Beverage has a 1-year low of $58.09 and a 1-year high of $100.34. The firm has a market capitalization of $95.09 billion, a price-to-earnings ratio of 46.97, a P/E/G ratio of 3.18 and a beta of 0.53.
Shares of Monster Beverage are going to split on the morning of Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly created shares will be payable to shareholders after the market closes on Monday, August 10th.
Monster Beverage announced that its Board of Directors has initiated a share repurchase program on Friday, May 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Analysts Set New Price Targets A number of equities research analysts recently issued reports on MNST shares. Deutsche Bank Aktiengesellschaft downgraded Monster Beverage from a “buy” rating to a “hold” rating and increased their price objective for the stock from $94.00 to $98.00 in a research report on Monday, July 20th. Sanford C. Bernstein initiated coverage on shares of Monster Beverage in a research note on Friday, June 12th. They issued a “market perform” rating and a $95.00 price objective for the company. TD Cowen increased their target price on Monster Beverage from $90.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on Monster Beverage from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.65.
Get Our Latest Analysis on Monster Beverage
Insider Buying and Selling In other Monster Beverage news, Director Mark J. Hall sold 54,000 shares of the 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 sale, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. This trade represents a 15.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Guy Carling sold 19,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total value of $1,727,100.00. Following the sale, the chief executive officer directly owned 21,863 shares in the company, valued at $1,987,346.70. This trade represents a 46.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 178,700 shares of company stock worth $15,457,562 in the last 90 days. 8.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On Monster Beverage Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. boosted its stake in shares of Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Monster Beverage in the fourth quarter worth $35,000. Miller Capital Partners Inc. purchased a new stake in Monster Beverage in the 4th quarter worth $36,000. Prosperity Bancshares Inc purchased a new stake in shares of Monster Beverage during the fourth quarter worth about $39,000. Finally, Triumph Capital Management purchased a new stake in Monster Beverage during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.
About Monster Beverage (Get Free Report)
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.
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Monster Beverage těží ze silné globální poptávky po energetických nápojích a inovacích; segment Monster Energy Drinks v 1. čtvrtletí 2026 zvýšil tržby po přepočtu o 22,8 %.
Key Takeaways MNST is benefiting from strong global energy drink demand and broad-based international expansion. Monster Beverage is driving growth through new product launches and rising demand for zero-sugar offerings.MNST's Monster Energy Drinks segment posted 22.8% currency-adjusted sales growth in first-quarter 2026. Monster Beverage Corporation (MNST - Free Report) continues to benefit from the sustained expansion of the global energy drinks category and its steady cadence of product innovations. Robust consumer demand across key markets has supported strong momentum in MNST’s core energy portfolio. With category trends remaining favorable worldwide, the company is well-positioned to maintain its growth trajectory and continue gaining market share.
In first-quarter 2026, the Monster Energy Drinks segment's sales grew 22.8% on a currency-adjusted basis. Monster Beverage continues to leverage the Coca-Cola system to broaden distribution and improve execution across regions. International expansion, operational efficiency and product innovation are driving the company's overall performance.
Product launches remain central to Monster Beverage’s strategy to expand usage occasions and keep its core franchises relevant. In the United States during first-quarter 2026, the company highlighted launches such as Ultra Punk Punch, Juice Monster Voodoo Grape, Strawberry Shots in full sugar and zero sugar, and a nationwide rollout of Lando Norris Zero Sugar. Management also noted that the Ultra brand family grew 20% in the quarter and Ultra White grew 34%, based on Nielsen, underscoring continued consumer shift toward zero-sugar options.
FLRT entered select channels in late March, and Storm, a wellness-focused brand, began rolling out in early May 2026, targeting new consumers rather than only existing energy users. Internationally, management cited Juice Monster Viking Berry as the most successful innovation launch in EMEA, with additional zero-sugar athlete editions rolling into more markets. By using innovation to support both new and existing SKUs, Monster Beverage can drive incremental volume without relying solely on pricing.
At its core, Monster Beverage will continue to benefit from steady growth in the global energy drink market, supported by strong demand across convenience stores and other key retail channels. Its efforts to advance innovation, expand its international presence and enhance operational efficiency are expected to further strengthen its performance.
MNST’s Price Performance, Valuation and EstimatesShares of Monster Beverage have gained 29% in the past six months against the industry’s rally of 15.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, MNST trades at a forward price-to-earnings ratio of 39.64X compared with the industry’s average of 19.29X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MNST’s 2026 and 2027 EPS indicates year-over-year growth of 12.1% and 12.8%, respectively. The company’s EPS estimates for 2026 and 2027 have been stable in the past 30 days.
Image Source: Zacks Investment Research
Monster Beverage currently carries a Zacks Rank #3 (Hold).
Stocks to Consider in the Consumer Staples Space The Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 8.3% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
Nomad Foods Limited (NOMD - Free Report) , which manufactures and distributes frozen foods, currently carries a Zacks Rank #2 (Buy).
The consensus estimate for Nomad Foods’ current financial-year sales is expected to rise 0.5% from the year-ago reported figure. NOMD delivered a trailing four-quarter earnings surprise of 8.6%, on average.
Medifast, Inc. (MED - Free Report) , which is a leading manufacturer and distributor of clinically-proven healthy living products and programs, currently carries a Zacks Rank of 2. MED delivered an average earnings surprise of 65.5% in the last reported quarter.
The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 26% from the year-ago number.
