On Thursday, Monster Beverage Corp. (NASDAQ:MNST) reported in its quarterly report that it has got a official summon from an unknown state attorney general probing its advertising, marketing, promotion, ingredients, utilization and sale of its Monster Energy brand of energy drinks.
The beverages maker reported that the probe is yet in an initial stage and it is unfamiliar what, if any, decision the state attorney general might take against the firm or whether such matter could have a material unfavorable impact on the Company’s core operations, financial condition or outcomes of operations.
Its competitors include PepsiCo, Inc. (NYSE:PEP) having profit margin of 9.08% with overall market cap of 112.27 billion.
Other consumer goods stocks include Ford Motor Company (NYSE:F) having profit margin 14.06%, Altria Group, Inc. (NYSE:MO) with 18.19% profit margin, Dean Foods Company (NYSE:DF) having -11.96% profit margin, Xerox Corporation (NYSE:XRX) having profit margin of 5.10%, The Procter & Gamble Company (NYSE:PG) with 11.13% profit margin and Tyson Foods, Inc. (NYSE:TSN) with 1.82% profit margin.
Monster Beverage Corp (NASDAQ:MNST) dropped 8.01% or -$4.90 to trading at $56.25 following it hit intraday high level of $58.45. The total traded volume in the current trading session is 3.99 million shares as compared to average 3.49 million shares. Its fifty two week trading range is $37.91 – $83.96. The total market capitalization reached $9.93 billion.
The stock price was ahead its 52 week low price with 75.86% and it lagged behind -27.11% from its 52 week maximum mark. Stock price volatility for last month remained 3.67%. In its share capital, the company has 176.21 million outstanding shares out of which 152.03 million shares have been floated in the market. For now, stock ownership with company’s management remained 1.04%.
MNST presented a negative weekly performance of -4.58% with respect to its rate of return and it remained -14.74% for the month. However, the performance for a quarter experienced a negative change of -14.01% and it surged 60.08% for a year and its year to date performance remained in green with 32.84%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -10.11% and continued bearish run for 50 days moving average with -14.55%. Its earning per share for the past twelve months was $1.65. Company’s beta coefficient was at 0.51. Beta measures the amount of market risk associated with market trade.
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