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 Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Monster Beverage fell $2.27 (-3.6%) to $60.61 on average volume. Throughout the day, 1,859,549 shares of Monster Beverage exchanged hands as compared to its average daily volume of 1,800,600 shares. The stock ranged in price between $60.40-$63.61 after having opened the day at $63.23 as compared to the previous trading day's close of $62.88. Other companies within the Food & Beverage industry that declined today were:
), down 5.1%,
), down 4.8%,
), down 4.4% and
), down 3.4%.
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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 $10.5 billion and is part of the consumer goods sector. Shares are up 19.8% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Monster Beverage a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
. 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, good cash flow from operations 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 7.2%,
), up 2.8%,
), up 2.2% and
), up 1.9% , were all gainers within the food & beverage industry with
) being today's featured food & beverage industry leader.
- Use our food & beverage section to find industry-relevant news.
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) while those bearish on the food & beverage industry could consider
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