Monster Beverage (NASDAQ:MNST) Price Target Raised to $59.00

Monster Beverage (NASDAQ:MNST - Get Free Report) had its price target lifted by research analysts at Stifel Nicolaus from $57.00 to $59.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 8.98% from the stock's current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday. Citigroup dropped their price objective on Monster Beverage from $60.00 to $54.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Roth Mkm decreased their target price on Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. Wells Fargo & Company raised their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Monster Beverage currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Monster Beverage Trading Down 1.1 %

Shares of NASDAQ:MNST traded down $0.59 during midday trading on Friday, hitting $54.14. The company had a trading volume of 10,426,186 shares, compared to its average volume of 6,977,823. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. Monster Beverage has a 12 month low of $43.32 and a 12 month high of $61.22. The firm has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $51.00. The stock has a market cap of $53.03 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.47 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. Monster Beverage's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, analysts predict that Monster Beverage will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MNST. Prospera Private Wealth LLC bought a new position in Monster Beverage during the third quarter worth $212,000. Avior Wealth Management LLC raised its holdings in Monster Beverage by 6.8% in the 3rd quarter. Avior Wealth Management LLC now owns 23,779 shares of the company's stock valued at $1,241,000 after acquiring an additional 1,519 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Monster Beverage during the third quarter worth approximately $3,272,000. Fifth Third Wealth Advisors LLC lifted its holdings in Monster Beverage by 32.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 12,688 shares of the company's stock worth $662,000 after purchasing an additional 3,116 shares during the last quarter. Finally, Knuff & Co LLC boosted its stake in Monster Beverage by 24.5% in the 3rd quarter. Knuff & Co LLC now owns 94,989 shares of the company's stock valued at $4,956,000 after purchasing an additional 18,669 shares during the period. 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.