UBS Group Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Monster Beverage (NASDAQ:MNST - Free Report) had its target price lifted by UBS Group from $55.00 to $57.00 in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage currently has a neutral rating on the stock.

MNST has been the topic of a number of other research reports. Bank of America raised their target price on Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday. Roth Mkm reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, August 12th. Finally, Truist Financial dropped their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of "Moderate Buy" and an average target price of $56.00.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded down $0.59 during trading on Friday, reaching $54.14. The stock had a trading volume of 10,426,186 shares, compared to its average volume of 6,977,823. The stock has a fifty day simple moving average of $51.40 and a two-hundred day simple moving average of $51.00. 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 52 week low of $43.32 and a 52 week high of $61.22. The firm has a market capitalization of $53.03 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 2.47 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). The firm 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%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, analysts anticipate that Monster Beverage will post 1.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Monster Beverage

Several institutional investors have recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new stake in shares of Monster Beverage in the third quarter valued at $212,000. Avior Wealth Management LLC raised its stake in shares of Monster Beverage by 6.8% in the third quarter. Avior Wealth Management LLC now owns 23,779 shares of the company's stock worth $1,241,000 after acquiring an additional 1,519 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Monster Beverage during the third quarter worth approximately $3,272,000. Fifth Third Wealth Advisors LLC lifted its position in shares of Monster Beverage by 32.6% during the third 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 in the last quarter. Finally, Knuff & Co LLC grew its stake in shares of Monster Beverage by 24.5% during the third 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 last quarter. 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.