Deutsche Bank began coverage on shares of Monster Beverage (NASDAQ:MNST) in a research note published on Wednesday. The brokerage issued a hold rating and a $66.00 target price on the stock.

MNST has been the topic of several other research reports. Jefferies Group reiterated a buy rating and set a $65.00 target price on shares of Monster Beverage in a research report on Friday, October 13th. Cowen reiterated a buy rating and set a $58.00 target price on shares of Monster Beverage in a research report on Friday, October 27th. BidaskClub upgraded Monster Beverage from a buy rating to a strong-buy rating in a research report on Wednesday, August 23rd. Credit Suisse Group reiterated an outperform rating and set a $61.00 target price on shares of Monster Beverage in a research report on Thursday, September 7th. Finally, Macquarie assumed coverage on Monster Beverage in a research report on Thursday, September 14th. They set an outperform rating and a $65.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $59.64.

Monster Beverage (MNST) traded up $0.60 on Wednesday, reaching $63.51. The company’s stock had a trading volume of 1,675,700 shares, compared to its average volume of 2,200,611. The stock has a market cap of $35,820.00, a P/E ratio of 42.80, a PEG ratio of 2.24 and a beta of 0.94. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $63.62.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. equities research analysts predict that Monster Beverage will post 1.48 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Trust Group LLC grew its holdings in Monster Beverage 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 buying an additional 19,966 shares during the last quarter. BlackRock Inc. grew its holdings in Monster Beverage by 1.7% during the 2nd 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 during the last quarter. Cim Investment Mangement Inc. grew its holdings in Monster Beverage by 250.5% during the 2nd 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 during the last quarter. Chilton Investment Co. LLC acquired a new stake in Monster Beverage during the 2nd quarter valued at $35,322,000. Finally, Skylands Capital LLC acquired a new stake in Monster Beverage during the 3rd quarter valued at $276,000. Institutional investors and hedge funds own 65.88% of the company’s stock.

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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.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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