JPMorgan Chase & Co. Cuts Monster Beverage (NASDAQ:MNST) Price Target to $51.00

Monster Beverage (NASDAQ:MNST - Free Report) had its target price reduced by JPMorgan Chase & Co. from $52.00 to $51.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently commented on MNST. TD Cowen increased their target price on Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, November 11th. UBS Group reduced their price objective on Monster Beverage from $57.00 to $53.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. BNP Paribas dropped their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research report on Thursday, December 19th. Bank of America upped their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $55.53.

Monster Beverage Trading Down 0.5 %

Monster Beverage stock traded down $0.27 during mid-day trading on Wednesday, reaching $49.25. 6,107,015 shares of the company traded hands, compared to its average volume of 6,898,053. The firm has a market capitalization of $47.90 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.96 and a beta of 0.74. The firm's 50 day moving average price is $50.34 and its 200 day moving average price is $50.97. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.80% of the company's stock.

Institutional Trading of Monster Beverage

Several institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after buying an additional 203 shares during the period. Spire Wealth Management acquired a new position in Monster Beverage in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage in the 4th quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Company Profile

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.