Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a report released on Monday. They presently have a $69.00 price target on the stock, up from their prior price target of $62.00. Credit Suisse Group’s price target indicates a potential upside of 11.96% from the stock’s current price.
Several other research firms have also commented on MNST. BMO Capital Markets restated a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a research report on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $64.00 price target on shares of Monster Beverage Corporation in a research report on Thursday, November 9th. Susquehanna Bancshares Inc lowered shares of Monster Beverage Corporation from a “neutral” rating to a “negative” rating and set a $51.00 price target for the company. in a research report on Monday. Finally, BidaskClub upgraded shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.74.
Shares of Monster Beverage Corporation (NASDAQ MNST) traded down $0.54 during trading hours on Monday, hitting $61.63. 795,694 shares of the company’s stock were exchanged, compared to its average volume of 2,222,570. The firm has a market capitalization of $35,060.00, a PE ratio of 42.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. Monster Beverage Corporation has a 52 week low of $41.02 and a 52 week high of $62.80.
Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage Corporation had a net margin of 23.92% and a return on equity of 23.45%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. sell-side analysts predict that Monster Beverage Corporation will post 1.48 EPS for the current year.
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In other news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the transaction, the director now owns 52,000 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. Atlantic Trust Group LLC boosted its position in shares of Monster Beverage Corporation by 4.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after purchasing an additional 19,966 shares in the last quarter. BlackRock Inc. lifted its stake in Monster Beverage Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock valued at $1,089,848,000 after buying an additional 376,666 shares in the last quarter. Cim Investment Mangement Inc. lifted its stake in Monster Beverage Corporation by 250.5% during the second quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after buying an additional 16,426 shares in the last quarter. Chilton Investment Co. LLC purchased a new stake in Monster Beverage Corporation during the second quarter valued at about $35,322,000. Finally, Skylands Capital LLC purchased a new stake in Monster Beverage Corporation during the third quarter valued at about $276,000. Institutional investors own 64.89% of the company’s stock.
Monster Beverage Corporation Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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