Monster Beverage Corp (NASDAQ:MNST) has been given an average rating of “Buy” by the eighteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $62.21.
Several equities research analysts recently issued reports on MNST shares. Morgan Stanley cut Monster Beverage from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $50.02 to $57.00 in a research note on Thursday, November 8th. Zacks Investment Research upgraded Monster Beverage from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Wednesday, November 14th. UBS Group started coverage on Monster Beverage in a research note on Thursday, December 13th. They issued a “sell” rating and a $48.00 price target for the company. SunTrust Banks upgraded Monster Beverage from a “hold” rating to a “buy” rating and boosted their price target for the company from $50.00 to $65.00 in a research note on Tuesday, January 8th. Finally, Citigroup set a $64.00 target price on Monster Beverage and gave the stock a “buy” rating in a research note on Friday, November 9th.
In other Monster Beverage news, EVP Thomas J. Kelly sold 14,661 shares of the stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $53.73, for a total transaction of $787,735.53. Following the completion of the sale, the executive vice president now directly owns 24,312 shares in the company, valued at approximately $1,306,283.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harold C. Taber, Jr. sold 9,000 shares of the stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $54.55, for a total value of $490,950.00. Following the sale, the director now owns 77,238 shares of the company’s stock, valued at $4,213,332.90. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Monster Beverage during the 4th quarter worth about $70,000. Harvest Fund Management Co. Ltd boosted its position in shares of Monster Beverage by 287.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,900 shares of the company’s stock worth $111,000 after purchasing an additional 1,409 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Monster Beverage by 17.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,017 shares of the company’s stock worth $118,000 after purchasing an additional 300 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Monster Beverage during the 3rd quarter worth approximately $129,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $175,000. 64.15% of the stock is currently owned by institutional investors.
Shares of NASDAQ MNST opened at $54.37 on Friday. Monster Beverage has a twelve month low of $47.61 and a twelve month high of $70.21. The company has a market cap of $29.49 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45.
Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, November 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Monster Beverage had a return on equity of 25.47% and a net margin of 25.86%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $988.73 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Monster Beverage will post 1.77 EPS for the current year.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.
Recommended Story: Market Capitalization – What it Means for Investors
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.