Monster Beverage Co. (NASDAQ:MNST) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Monster Beverage Co. (NASDAQ:MNST - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $55.85.

Several equities research analysts have commented on the stock. TD Cowen cut their price target on shares of Monster Beverage from $60.00 to $55.00 and set a "hold" rating on the stock in a research report on Monday, July 15th. Stifel Nicolaus cut their target price on shares of Monster Beverage from $63.00 to $57.00 and set a "buy" rating for the company in a research note on Monday, June 17th. BMO Capital Markets dropped their price objective on Monster Beverage from $56.00 to $54.00 and set a "market perform" rating on the stock in a research note on Thursday, August 8th. Piper Sandler reduced their target price on Monster Beverage from $59.00 to $46.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Finally, BNP Paribas started coverage on Monster Beverage in a report on Monday, June 24th. They set an "underperform" rating and a $48.00 price target for the company.

Monster Beverage Trading Up 0.9 %

Shares of MNST stock traded up $0.43 on Friday, hitting $48.65. The stock had a trading volume of 5,847,616 shares, compared to its average volume of 7,229,425. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $52.70. The firm has a market cap of $50.68 billion, a P/E ratio of 30.47, a PEG ratio of 2.18 and a beta of 0.76. 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 (NASDAQ:MNST - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. As a group, analysts forecast that Monster Beverage will post 1.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 15,077 shares of the business's stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the transaction, the director now owns 68,167 shares in the company, valued at $3,534,458.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the transaction, the director now directly owns 68,167 shares of the company's stock, valued at approximately $3,534,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the business's stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the transaction, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.

Institutional Trading of Monster Beverage

A number of large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Monster Beverage by 9.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company's stock worth $124,000 after acquiring an additional 189 shares during the last quarter. Journey Advisory Group LLC grew its position in shares of Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company's stock worth $248,000 after buying an additional 196 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Monster Beverage by 5.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company's stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company's stock worth $2,434,000 after buying an additional 211 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in Monster Beverage by 1.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company's stock valued at $789,000 after acquiring an additional 226 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other 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.