Monster Beverage (NASDAQ:MNST) Price Target Raised to $51.00

by · The Cerbat Gem

Monster Beverage (NASDAQ:MNST – Free Report) had its target price upped by Sanford C. Bernstein from $50.00 to $51.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has a market perform rating on the stock.

Other equities analysts also recently issued research reports about the stock. UBS Group reiterated a “neutral” rating and set a $50.00 target price (up from $49.00) on shares of Monster Beverage in a research note on Friday, November 6th. Deutsche Bank reissued a “hold” rating and issued a $100.00 target price (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. Evercore cut their price target on Monster Beverage from $95.00 to $52.00 in a research note on Thursday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a report on Thursday, October 22nd. Finally, Morgan Stanley upped their price objective on Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.07.

Read Our Latest Research Report on Monster Beverage

Monster Beverage Stock Up 0.1%

Shares of Monster Beverage stock opened at $45.40 on Monday. Monster Beverage has a 52-week low of $35.03 and a 52-week high of $50.17. The company has a market capitalization of $88.87 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.98 and a beta of 0.51. The company has a 50 day moving average of $44.68 and a 200 day moving average of $43.37.

Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Monster Beverage had a net margin of 22.66% and a return on equity of 24.99%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that Monster Beverage will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SteelPeak Wealth LLC lifted its stake in Monster Beverage by 101.6% in the third quarter. SteelPeak Wealth LLC now owns 57,569 shares of the company’s stock valued at $2,396,000 after buying an additional 29,014 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Monster Beverage by 97.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 28,963 shares of the company’s stock valued at $1,205,000 after acquiring an additional 14,308 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Monster Beverage by 97.6% in the third quarter. Vontobel Holding Ltd. now owns 146,109 shares of the company’s stock valued at $6,081,000 after acquiring an additional 72,173 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of Monster Beverage by 399.2% during the third quarter. First Citizens Bank & Trust Co. now owns 33,613 shares of the company’s stock worth $1,399,000 after acquiring an additional 26,880 shares during the last quarter. Finally, Carderock Capital Management Inc. grew its position in shares of Monster Beverage by 98.6% during the third quarter. Carderock Capital Management Inc. now owns 246,880 shares of the company’s stock worth $10,275,000 after acquiring an additional 122,539 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Company Profile

(Get Free Report)

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages. The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012. Based in Corona, California, Monster sells its products in the United States and internationally.

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