Brokerages Set Monster Beverage Corp. (MNST) Target Price at $168.69
Shares of Monster Beverage Corp. (NASDAQ:MNST) have received an average rating of “Buy” from the eighteen ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $168.69.
Several equities analysts have recently issued reports on the stock. Vetr upgraded shares of Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $157.53 target price for the company in a report on Thursday, September 15th. Credit Suisse Group AG assumed coverage on shares of Monster Beverage Corp. in a report on Thursday, September 15th. They set an “outperform” rating and a $187.00 target price for the company. Susquehanna reiterated a “hold” rating on shares of Monster Beverage Corp. in a report on Wednesday, September 7th. Credit Agricole SA reiterated a “buy” rating on shares of Monster Beverage Corp. in a report on Monday, August 22nd. Finally, Jefferies Group reiterated a “hold” rating and set a $175.00 target price (up from $162.00) on shares of Monster Beverage Corp. in a report on Thursday, August 18th.
Monster Beverage Corp. (NASDAQ:MNST) opened at 146.72 on Friday. The firm’s 50-day moving average price is $147.66 and its 200 day moving average price is $149.92. Monster Beverage Corp. has a one year low of $113.08 and a one year high of $166.50. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 45.79 and a beta of 0.74. Shares of Monster Beverage Corp. are going to split before the market opens on Thursday, November 10th. The 3-1 split was announced on Friday, October 14th. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 9th.
Monster Beverage Corp. (NASDAQ:MNST) last released its earnings results on Thursday, August 4th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Monster Beverage Corp. had a net margin of 22.73% and a return on equity of 15.46%. The business had revenue of $945.80 million for the quarter, compared to analysts’ expectations of $804.24 million. During the same quarter in the previous year, the business posted $0.79 earnings per share. Monster Beverage Corp.’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities research analysts expect that Monster Beverage Corp. will post $3.90 earnings per share for the current fiscal year.
In other news, VP Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $159.66, for a total transaction of $1,596,600.00. Following the completion of the sale, the vice president now owns 5,717 shares of the company’s stock, valued at approximately $912,776.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Commonwealth Bank of Australia increased its stake in shares of Monster Beverage Corp. by 17.4% in the second quarter. Commonwealth Bank of Australia now owns 627 shares of the company’s stock worth $101,000 after buying an additional 93 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in shares of Monster Beverage Corp. during the first quarter valued at $121,000. Meeder Asset Management Inc. increased its position in shares of Monster Beverage Corp. by 1,798.1% in the first quarter. Meeder Asset Management Inc. now owns 987 shares of the company’s stock valued at $132,000 after buying an additional 935 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Monster Beverage Corp. during the second quarter valued at $183,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Monster Beverage Corp. during the second quarter valued at $203,000. 67.41% of the stock is owned by hedge funds and other institutional investors.
Monster Beverage Corp. 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.
Receive News & Stock Ratings for Monster Beverage Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corp. and related stocks with our FREE daily email newsletter.