Monster Beverage (NASDAQ:MNST) Price Target Raised to $57.00

Monster Beverage (NASDAQ:MNST) had its price target hoisted by UBS Group from $53.00 to $57.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. UBS Group currently has a neutral rating on the stock.

MNST has been the topic of a number of other reports. TD Cowen lifted their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Citigroup lifted their price target on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, BNP Paribas dropped their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.47.

Monster Beverage Stock Up 1.0 %

MNST stock opened at $55.35 on Monday. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $50.44 and its 200-day moving average is $51.36. The firm has a market capitalization of $53.83 billion, a PE ratio of 35.48, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Sell-side analysts expect that Monster Beverage will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its position in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after purchasing an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock worth $897,012,000 after purchasing an additional 1,383,914 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Monster Beverage by 9.3% in the 4th quarter. Invesco Ltd. now owns 8,590,994 shares of the company’s stock worth $451,543,000 after purchasing an additional 734,406 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.