Monster Beverage (NASDAQ:MNST) Price Target Increased to $99.00 by Analysts at UBS Group

Monster Beverage (NASDAQ:MNSTGet Rating) had its price objective hoisted by UBS Group from $94.00 to $99.00 in a report released on Friday morning, The Fly reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on MNST. Sanford C. Bernstein raised shares of Monster Beverage from a market perform rating to an outperform rating and lifted their target price for the company from $97.00 to $110.00 in a research note on Wednesday, May 18th. BMO Capital Markets boosted their target price on shares of Monster Beverage from $90.00 to $95.00 in a research report on Wednesday, June 15th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $105.00 to $110.00 and gave the stock an overweight rating in a research report on Thursday, July 28th. Roth Capital began coverage on shares of Monster Beverage in a research report on Tuesday, July 5th. They set a neutral rating and a $100.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $109.00 to $107.00 in a research report on Friday. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $101.40.

Monster Beverage Stock Down 5.2 %

MNST stock opened at $91.38 on Friday. The company has a market capitalization of $48.40 billion, a P/E ratio of 39.90, a PEG ratio of 2.42 and a beta of 0.92. The company has a 50-day simple moving average of $93.33 and a 200 day simple moving average of $86.75. Monster Beverage has a fifty-two week low of $71.78 and a fifty-two week high of $99.89.

Monster Beverage (NASDAQ:MNSTGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.19). The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. Monster Beverage had a return on equity of 18.69% and a net margin of 20.40%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Equities analysts anticipate that Monster Beverage will post 2.67 EPS for the current year.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 40,729 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $88.06, for a total transaction of $3,586,595.74. Following the sale, the insider now owns 19,526 shares in the company, valued at approximately $1,719,459.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Hilton H. Schlosberg sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $91.00, for a total transaction of $4,550,000.00. Following the transaction, the chief executive officer now directly owns 310,244 shares in the company, valued at $28,232,204. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 40,729 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $88.06, for a total transaction of $3,586,595.74. Following the transaction, the insider now owns 19,526 shares in the company, valued at $1,719,459.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,028 shares of company stock worth $10,522,704. Company insiders own 10.50% of the company’s stock.

Institutional Trading of Monster Beverage

A number of institutional investors have recently modified their holdings of the business. New England Professional Planning Group Inc. bought a new stake in Monster Beverage during the 1st quarter worth approximately $388,000. Janiczek Wealth Management LLC boosted its holdings in shares of Monster Beverage by 311.4% in the 2nd quarter. Janiczek Wealth Management LLC now owns 288 shares of the company’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Monster Beverage in the 1st quarter valued at about $27,000. Delos Wealth Advisors LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at about $36,000. Finally, Tcwp LLC bought a new stake in shares of Monster Beverage in the 1st quarter valued at about $31,000. 63.44% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Company Profile

(Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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