Shares of Monster Beverage Co. (NASDAQ:MNST) hit a new 52-week high on Thursday . The company traded as high as $95.20 and last traded at $95.13, with a volume of 3037 shares. The stock had previously closed at $94.23.
A number of equities research analysts recently commented on the company. Truist lifted their target price on Monster Beverage from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, January 15th. Argus lifted their target price on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 8th. Sanford C. Bernstein assumed coverage on Monster Beverage in a report on Tuesday, January 19th. They set a “market perform” rating and a $100.00 target price for the company. Credit Suisse Group lifted their target price on Monster Beverage from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Monster Beverage to a “buy” rating and lifted their target price for the stock from $99.00 to $102.00 in a report on Friday, January 15th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $94.00.
The firm has a market capitalization of $50.17 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 2.92 and a beta of 1.11. The company has a 50 day moving average price of $89.18 and a two-hundred day moving average price of $86.62.
Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 25th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Monster Beverage had a return on equity of 28.24% and a net margin of 26.99%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities research analysts anticipate that Monster Beverage Co. will post 2.29 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of MNST. Cibc World Markets Corp grew its holdings in Monster Beverage by 299.7% in the 4th quarter. Cibc World Markets Corp now owns 304,628 shares of the company’s stock valued at $28,172,000 after buying an additional 228,420 shares in the last quarter. Toronto Dominion Bank grew its holdings in Monster Beverage by 22.2% in the 4th quarter. Toronto Dominion Bank now owns 286,258 shares of the company’s stock valued at $26,473,000 after buying an additional 52,086 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Monster Beverage by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 155,754 shares of the company’s stock valued at $14,404,000 after buying an additional 12,022 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Monster Beverage by 7.2% in the 4th quarter. Park Avenue Securities LLC now owns 5,081 shares of the company’s stock valued at $470,000 after buying an additional 340 shares in the last quarter. Finally, Eudaimonia Partners LLC grew its holdings in Monster Beverage by 34.6% in the 3rd quarter. Eudaimonia Partners LLC now owns 517 shares of the company’s stock valued at $41,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 63.59% of the company’s stock.
About Monster Beverage (NASDAQ:MNST)
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy teas and shakes, non-carbonated energy drinks, and ready-to-drink packaged energy drinks primarily to bottlers and beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to bottling and canning operations.
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