Analysts Set Monster Beverage Co. (NASDAQ:MNST) Target Price at $56.45

Monster Beverage Co. (NASDAQ:MNST - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-two ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.45.

Several equities analysts have recently weighed in on MNST shares. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Bank of America boosted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their target price on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, November 4th. TD Cowen lifted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company increased their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th.

Monster Beverage Trading Down 0.3 %

NASDAQ MNST traded down $0.16 during trading hours on Friday, hitting $52.76. 4,695,371 shares of the company were exchanged, compared to its average volume of 6,802,524. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $53.41 and a 200 day moving average price of $51.05. The stock has a market cap of $51.31 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.49 and a beta of 0.74.

Institutional Trading of Monster Beverage

Several institutional investors and hedge funds have recently made changes to their positions in the company. Journey Advisory Group LLC lifted its holdings in Monster Beverage by 4.1% during the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company's stock worth $248,000 after buying an additional 196 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Monster Beverage by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company's stock worth $2,434,000 after acquiring an additional 211 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in Monster Beverage by 1.3% during the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company's stock valued at $930,000 after purchasing an additional 225 shares in the last quarter. Crewe Advisors LLC grew its stake in Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company's stock worth $3,433,000 after purchasing an additional 232 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

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.