Monster Beverage Corp. (NASDAQ:MNST) has been given a consensus recommendation of “Buy” by the eighteen brokerages that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $54.25.

Several research firms have recently weighed in on MNST. Susquehanna reissued a “hold” rating on shares of Monster Beverage Corp. in a research report on Monday, August 8th. Jefferies Group reissued a “hold” rating on shares of Monster Beverage Corp. in a research report on Monday, August 1st. Credit Agricole SA reissued a “buy” rating on shares of Monster Beverage Corp. in a research report on Monday, August 22nd. BMO Capital Markets reissued a “buy” rating on shares of Monster Beverage Corp. in a research report on Friday, November 4th. Finally, Zacks Investment Research downgraded shares of Monster Beverage Corp. from a “hold” rating to a “sell” rating in a research report on Monday, November 7th.

Shares of Monster Beverage Corp. (NASDAQ:MNST) traded down 0.50% during midday trading on Friday, reaching $41.76. 1,403,445 shares of the company were exchanged. The company’s 50-day moving average price is $117.10 and its 200 day moving average price is $144.87. Monster Beverage Corp. has a 52-week low of $37.69 and a 52-week high of $55.50. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 37.49 and a beta of 0.89.

Monster Beverage Corp. (NASDAQ:MNST) last released its earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.13. The company earned $788 million during the quarter, compared to the consensus estimate of $819.90 million. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. Monster Beverage Corp.’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. On average, equities analysts predict that Monster Beverage Corp. will post $1.23 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in Monster Beverage Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 43,780 shares of the company’s stock worth $7,036,000 after buying an additional 1,210 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Monster Beverage Corp. by 35.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,564 shares of the company’s stock valued at $2,341,000 after buying an additional 3,800 shares in the last quarter. Capstone Asset Management Co. raised its position in Monster Beverage Corp. by 5.5% in the second quarter. Capstone Asset Management Co. now owns 17,243 shares of the company’s stock valued at $2,771,000 after buying an additional 905 shares in the last quarter. Atria Investments LLC bought a new position in Monster Beverage Corp. during the second quarter valued at $466,000. Finally, TT International raised its position in Monster Beverage Corp. by 3.1% in the second quarter. TT International now owns 17,448 shares of the company’s stock valued at $2,804,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

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.

5 Day Chart for NASDAQ:MNST

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