Monster Beverage (NASDAQ:MNST) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST - Free Report) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a research note published on Friday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other brokerages have also weighed in on MNST. Wells Fargo & Company raised their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday. Truist Financial reduced their price objective on Monster Beverage from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada lowered their target price on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Evercore ISI cut their price target on Monster Beverage from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen lowered their price objective on Monster Beverage from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Monster Beverage Price Performance

Shares of MNST traded down $0.59 during midday trading on Friday, hitting $54.14. The company's stock had a trading volume of 10,426,186 shares, compared to its average volume of 6,977,823. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. Monster Beverage has a one year low of $43.32 and a one year high of $61.22. The stock has a market capitalization of $53.03 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. The company's fifty day simple moving average is $51.40 and its two-hundred day simple moving average is $51.00.

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

Institutional Trading of Monster Beverage

Several hedge funds have recently modified their holdings of 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 shares of Monster Beverage by 6.8% during the third quarter. Avior Wealth Management LLC now owns 23,779 shares of the company's stock valued at $1,241,000 after purchasing 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 3rd quarter worth about $3,272,000. Fifth Third Wealth Advisors LLC grew its stake in shares of Monster Beverage by 32.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 12,688 shares of the company's stock valued at $662,000 after buying an additional 3,116 shares during the period. Finally, Knuff & Co LLC grew its stake in Monster Beverage by 24.5% in the third quarter. Knuff & Co LLC now owns 94,989 shares of the company's stock valued at $4,956,000 after acquiring an additional 18,669 shares during the period. 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.