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Monster Beverage Stock: Ready to Resume Winning Streak?
While past returns are no guarantee of future returns, the possible exception is energy drink company Monster Beverage (MNST), which is about to resume its 25-year winning streak after a recent pause in gains. Over the past twenty-five years, Corona, Calif.-based Monster Beverage has outperformed not only beverage companies like Coca-Cola (KO), PepsiCo (PEP) and Boston Beer (SAM), but also tech giants Apple (AAPL) and Microsoft ( MSFT), with an annual return of 58%, the highest annual return among U.S. companies in the past 25 years. Monster Beverage’s second-quarter financial results announced on August 4, 2023 were mediocre, and its stock price fell by nearly 5%. However, the company’s growth…