Shares of Monster Beverage Corporation (NASDAQ:MNST – Get Free Report) have earned a consensus rating of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $66.0476.
Several equities analysts have weighed in on MNST shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday, October 8th. Rothschild & Co Redburn downgraded Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Wednesday, July 9th. Redburn Atlantic downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating and dropped their price target for the stock from $63.00 to $60.00 in a research report on Wednesday, July 9th. Roth Capital reissued a “neutral” rating and set a $60.00 price target (up previously from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Finally, UBS Group raised their price target on Monster Beverage from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th.
View Our Latest Research Report on MNST
Insider Activity at Monster Beverage
Institutional Investors Weigh In On Monster Beverage
A number of hedge funds and other institutional investors have recently made changes to their positions in MNST. Norges Bank purchased a new stake in shares of Monster Beverage in the second quarter valued at $544,584,000. Nuveen LLC purchased a new stake in shares of Monster Beverage in the first quarter valued at $497,157,000. Schroder Investment Management Group grew its position in Monster Beverage by 4,877.8% during the second quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock valued at $456,262,000 after acquiring an additional 7,137,552 shares during the period. AQR Capital Management LLC grew its position in Monster Beverage by 467.0% during the second quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after acquiring an additional 5,641,160 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in Monster Beverage during the second quarter valued at about $157,063,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.
Monster Beverage Stock Performance
Shares of MNST stock opened at $68.65 on Friday. The stock has a fifty day moving average price of $64.82 and a 200 day moving average price of $62.16. The stock has a market cap of $67.03 billion, a PE ratio of 42.64, a P/E/G ratio of 2.39 and a beta of 0.54. Monster Beverage has a 1 year low of $45.70 and a 1 year high of $70.06.
Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.Monster Beverage’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts predict that Monster Beverage will post 1.62 earnings per share for the current year.
About Monster Beverage
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.
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