Monster Beverage (NASDAQ:MNST - Get Free Report) had its price target upped by equities researchers at UBS Group from $53.00 to $57.00 in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price would indicate a potential upside of 2.35% from the stock's previous close.
Several other research firms have also weighed in on MNST. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Stifel Nicolaus boosted their price target on Monster Beverage from $57.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Argus boosted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $56.47.
Read Our Latest Report on MNST
Monster Beverage Trading Up 0.6 %
NASDAQ:MNST traded up $0.34 on Monday, reaching $55.69. 5,383,037 shares of the stock traded hands, compared to its average volume of 6,730,783. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The company's 50 day moving average is $50.44 and its 200-day moving average is $51.36. The firm has a market capitalization of $54.16 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74.
Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Equities research analysts anticipate that Monster Beverage will post 1.62 EPS for the current fiscal year.
Insider Activity
In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company's stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company's stock.
Institutional Trading of Monster Beverage
A number of hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management bought a new position in Monster Beverage in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new position in Monster Beverage during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Monster Beverage during the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in Monster Beverage during the fourth quarter valued at $33,000. 72.36% of the stock is currently owned by institutional investors.
About Monster Beverage
(
Get Free Report)
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.
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