Monster Beverage Co. (NASDAQ:MNST) Receives $57.33 Average Price Target from Analysts

Shares of Monster Beverage Co. (NASDAQ:MNST - Get Free Report) have received an average recommendation of "Hold" from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $57.89.

A number of research analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Citigroup lifted their price target on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. UBS Group increased their price target on Monster Beverage from $57.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Truist Financial raised their price objective on Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.

Insiders Place Their Bets

In related news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Guy Carling sold 47,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. This trade represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock valued at $11,484,440 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares during the period. Spire Wealth Management acquired a new stake in shares of Monster Beverage during the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage in the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in Monster Beverage during the fourth quarter worth about $33,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

MNST traded down $0.19 during midday trading on Friday, hitting $59.09. 3,160,680 shares of the company were exchanged, compared to its average volume of 6,495,113. The firm has a market capitalization of $57.51 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The company's 50 day simple moving average is $55.91 and its 200 day simple moving average is $53.26. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, sell-side analysts predict that Monster Beverage will post 1.62 earnings per share for the current year.

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.