Monster Beverage Corp (MNST): Today's Featured Consumer Goods Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Monster Beverage fell $0.68 (-1.2%) to $56.98 on light volume. Throughout the day, 936,079 shares of Monster Beverage exchanged hands as compared to its average daily volume of 1,563,500 shares. The stock ranged in price between $56.93-$57.89 after having opened the day at $57.43 as compared to the previous trading day's close of $57.66. Other companies within the Consumer Goods sector that declined today were:
(
), down 5.4%,
(
), down 4.3%,
(
TheStreet Recommends
), down 4.0% and
(
), down 3.9%.
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. Monster Beverage has a market cap of $9.9 billion and is part of the food & beverage industry. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Monster Beverage a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Monster Beverage
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Monster Beverage Ratings Report.
On the positive front,
(
), up 13.2%,
Hyster-Yale Materials Handling
(
), up 9.7%,
(
), up 9.6% and
(
), up 8.6% , were all gainers within the consumer goods sector with
(
) being today's featured consumer goods sector leader.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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