Shares of Monster Beverage Co. (NASDAQ:MNST) have been assigned an average rating of “Buy” from the eighteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.74.
MNST has been the topic of several research reports. Cowen restated a “buy” rating and issued a $58.00 price target on shares of Monster Beverage in a report on Friday, October 27th. Deutsche Bank initiated coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price target on the stock. Credit Suisse Group restated an “outperform” rating and issued a $77.00 price target (up previously from $69.00) on shares of Monster Beverage in a report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, January 19th. Finally, BidaskClub lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Saturday, January 13th.
In related news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of Monster Beverage stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total transaction of $902,322.99. Following the sale, the insider now directly owns 967,456 shares in the company, valued at $62,429,935.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Rodney C. Sacks sold 189,861 shares of Monster Beverage stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total transaction of $12,135,915.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,026 shares of company stock valued at $17,179,867. Corporate insiders own 9.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MNST. Liberty Capital Management Inc. raised its stake in shares of Monster Beverage by 2,028.0% during the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after purchasing an additional 2,028 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in Monster Beverage in the fourth quarter worth about $123,000. Bessemer Group Inc. raised its position in Monster Beverage by 397.6% in the third quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after acquiring an additional 2,143 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in Monster Beverage in the fourth quarter worth about $166,000. Finally, Valeo Financial Advisors LLC bought a new stake in Monster Beverage in the third quarter worth about $169,000. Institutional investors and hedge funds own 65.26% of the company’s stock.
Monster Beverage (NASDAQ MNST) traded down $0.13 on Tuesday, hitting $65.48. 1,567,900 shares of the company traded hands, compared to its average volume of 2,353,604. Monster Beverage has a twelve month low of $41.02 and a twelve month high of $70.21. The firm has a market capitalization of $36,928.32, a PE ratio of 47.45, a PEG ratio of 1.92 and a beta of 1.09.
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About Monster Beverage
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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