Monster Beverage Corp. (MNST) Rating Lowered to Hold at Vetr Inc.
Monster Beverage Corp. (NASDAQ:MNST) was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday. They presently have a $43.62 price target on the stock. Vetr‘s price target indicates a potential downside of 2.74% from the company’s current price.
MNST has been the subject of a number of other research reports. Stifel Nicolaus upped their target price on Monster Beverage Corp. from $55.00 to $61.67 and gave the stock a “buy” rating in a report on Friday, August 5th. Susquehanna reaffirmed a “hold” rating on shares of Monster Beverage Corp. in a report on Wednesday, September 7th. Credit Suisse Group AG began coverage on Monster Beverage Corp. in a report on Thursday, September 15th. They issued an “outperform” rating and a $62.33 target price for the company. Jefferies Group reaffirmed a “hold” rating and issued a $58.33 target price (up previously from $54.00) on shares of Monster Beverage Corp. in a report on Thursday, August 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $54.02.
Monster Beverage Corp. (NASDAQ:MNST) opened at 44.85 on Thursday. The stock’s 50 day moving average price is $101.72 and its 200 day moving average price is $141.16. Monster Beverage Corp. has a 12-month low of $37.69 and a 12-month high of $55.50. The company has a market cap of $25.61 billion, a PE ratio of 40.26 and a beta of 0.89.
Monster Beverage Corp. (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by $0.13. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. The business had revenue of $788 million for the quarter, compared to analyst estimates of $819.90 million. During the same period last year, the firm posted $0.84 EPS. Monster Beverage Corp.’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Monster Beverage Corp. will post $1.24 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in Monster Beverage Corp. by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,450 shares of the company’s stock worth $653,000 after buying an additional 20 shares in the last quarter. Advisor Group Inc. raised its position in Monster Beverage Corp. by 0.8% in the third quarter. Advisor Group Inc. now owns 3,802 shares of the company’s stock worth $545,000 after buying an additional 32 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in Monster Beverage Corp. by 2.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,552 shares of the company’s stock worth $249,000 after buying an additional 37 shares in the last quarter. First Midwest Bank Trust Division raised its position in Monster Beverage Corp. by 1.6% in the second quarter. First Midwest Bank Trust Division now owns 4,493 shares of the company’s stock worth $722,000 after buying an additional 70 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Monster Beverage Corp. by 1.4% in the third quarter. Raymond James Trust N.A. now owns 5,147 shares of the company’s stock worth $755,000 after buying an additional 73 shares in the last quarter. Institutional investors own 22.16% of the company’s stock.
About Monster Beverage Corp.
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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