Monster Beverage Co. (NASDAQ:MNST) Receives $56.45 Consensus Target Price from Analysts

Shares of Monster Beverage Co. (NASDAQ:MNST - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $56.45.

MNST has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Argus upped their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Citigroup cut their price objective on Monster Beverage from $60.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. UBS Group raised their target price on Monster Beverage from $55.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Piper Sandler cut their price target on Monster Beverage from $59.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, August 8th.

Monster Beverage Stock Performance

Shares of MNST stock traded down $0.03 during trading on Wednesday, reaching $53.70. The company had a trading volume of 3,833,793 shares, compared to its average volume of 6,967,854. The firm's 50 day simple moving average is $52.60 and its two-hundred day simple moving average is $51.05. Monster Beverage has a one year low of $43.32 and a one year 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. The company has a market capitalization of $52.22 billion, a PE ratio of 34.42, a PEG ratio of 2.48 and a beta of 0.74.

Hedge Funds Weigh In On Monster Beverage

Several institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL grew its holdings in Monster Beverage by 37.0% during the 1st quarter. Blair William & Co. IL now owns 13,421 shares of the company's stock worth $796,000 after acquiring an additional 3,624 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Monster Beverage in the first quarter valued at approximately $763,000. O Shaughnessy Asset Management LLC raised its position in Monster Beverage by 16.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 61,033 shares of the company's stock worth $3,618,000 after purchasing an additional 8,551 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Monster Beverage by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 24,664 shares of the company's stock worth $1,462,000 after buying an additional 570 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in Monster Beverage by 33.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 11,267 shares of the company's stock valued at $668,000 after buying an additional 2,851 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

About Monster Beverage

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.