Monster Beverage (NASDAQ:MNST) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Monster Beverage (NASDAQ:MNST – Free Report) from a buy rating to a hold rating in a research report report published on Friday.

Several other analysts have also recently commented on MNST. The Goldman Sachs Group lifted their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, June 13th. Morgan Stanley raised their target price on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Stifel Nicolaus began coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a “buy” rating and a $72.00 price target on the stock. TD Cowen increased their price target on Monster Beverage from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, May 9th. Finally, UBS Group boosted their price objective on Monster Beverage from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.10.

View Our Latest Stock Report on MNST

Monster Beverage Stock Performance

Monster Beverage stock opened at $62.46 on Friday. The business’s 50-day simple moving average is $61.62 and its two-hundred day simple moving average is $60.17. The company has a market cap of $60.99 billion, a PE ratio of 38.80, a PEG ratio of 2.17 and a beta of 0.54. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $66.75.

Monster Beverage (NASDAQ:MNST – Get Free Report) last announced 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%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. As a group, analysts predict that Monster Beverage will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Access Investment Management LLC purchased a new stake in Monster Beverage in the 2nd quarter worth $25,000. Salomon & Ludwin LLC purchased a new position in Monster Beverage during the second quarter valued at $28,000. Newbridge Financial Services Group Inc. grew its position in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Monster Beverage during the first quarter worth about $29,000. Finally, Golden State Wealth Management LLC raised its position in shares of Monster Beverage by 647.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock worth $35,000 after purchasing an additional 479 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Company Profile

(Get Free Report)

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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