Monster Beverage (NASDAQ:MNST) Price Target Raised to $55.00 at TD Cowen

Monster Beverage (NASDAQ:MNST - Free Report) had its target price upped by TD Cowen from $50.00 to $55.00 in a report released on Monday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Roth Mkm reduced their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. UBS Group raised their target price on shares of Monster Beverage from $55.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday. Evercore ISI decreased their price target on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price objective on Monster Beverage from $57.00 to $60.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of "Moderate Buy" and an average target price of $56.00.

Monster Beverage Trading Up 3.0 %

Shares of MNST stock traded up $1.60 during mid-day trading on Monday, reaching $55.74. The stock had a trading volume of 7,435,370 shares, compared to its average volume of 6,980,208. The firm has a market capitalization of $54.60 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. The stock's 50-day moving average price is $51.69 and its two-hundred day moving average price is $50.99. 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 52-week low of $43.32 and a 52-week high of $61.22.

Institutional Trading of Monster Beverage

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company's stock worth $3,837,867,000 after purchasing an additional 1,059,042 shares during the last quarter. Clearbridge Investments LLC increased its position in Monster Beverage by 0.3% during the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company's stock valued at $691,182,000 after acquiring an additional 37,391 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Monster Beverage by 4.1% in the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company's stock valued at $664,469,000 after acquiring an additional 440,962 shares during the period. Ninety One UK Ltd boosted its position in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company's stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Monster Beverage by 41.1% during the 1st quarter. TD Asset Management Inc now owns 4,528,763 shares of the company's stock valued at $268,465,000 after purchasing an additional 1,318,890 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.