Was checking on why the markets were down so much today when I saw Monster Energy Corporation ($MNST) in the movers section. $MNST has a long history of outperforming the S&P 500 and has a considerably low Beta for the last 5 years, a great stock in a low risk portfolio. The company maintains share buybacks, no dividends, and is rumored to be purchased by Coca Cola.
I decided to do some analysis and would like feedback on my Regression. I did not compare the stock to Snapple, Dr. Pepper, or others in the Industry though.
Shares of Monster Beverage, the hugely popular American energy drinks manufacturer, are up over 15% Thursday morning after the company reported fourth-quarter 2016 results that beat Wall Street expectations. Monster's earnings rose to $0.30 per share, from $0.22 a year ago, meeting analyst expectations.
The company, however, reported higher than expected sales that helped boost the stock. Revenue rose 16.8% year-over-year to $753.8 million.
As for the $46.3 million of distribution termination expenses incurred during Q4 2016, the company said it led to a negative impact on earnings of $0.05 per share, after tax.
The company announced it will buy back up to $500 million worth of stock.
-Marketwatch
Submitted March 03, 2017 at 01:05AM by shakhaki http://ift.tt/2mh09Sq
