Monster Beverage (NASDAQ:MNST) had its price target lifted by BMO Capital Markets to $71.00 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on MNST. Susquehanna Bancshares restated a sell rating and set a $56.00 price target on shares of Monster Beverage in a research report on Thursday. Zacks Investment Research upgraded shares of Monster Beverage from a hold rating to a buy rating and set a $75.00 price target for the company in a research report on Friday. Stifel Nicolaus restated a buy rating and set a $73.00 price target (up from $61.00) on shares of Monster Beverage in a research report on Tuesday. Credit Suisse Group restated an outperform rating and set a $77.00 price target (up from $69.00) on shares of Monster Beverage in a research report on Wednesday. Finally, Macquarie upped their price target on shares of Monster Beverage from $65.00 to $73.00 and gave the company an outperform rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $63.82.

Shares of Monster Beverage (NASDAQ MNST) traded up $0.39 during trading hours on Friday, reaching $66.86. 2,500,000 shares of the company traded hands, compared to its average volume of 2,010,000. Monster Beverage has a one year low of $41.02 and a one year high of $67.34. The stock has a market capitalization of $37,490.00, a price-to-earnings ratio of 48.80, a PEG ratio of 1.88 and a beta of 0.94.

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

In other news, Chairman Rodney C. Sacks sold 189,861 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rodney C. Sacks sold 697 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $44,963.47. Following the transaction, the chief executive officer now directly owns 963,789 shares of the company’s stock, valued at $62,174,028.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,026 shares of company stock valued at $17,179,867. Insiders own 9.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Monster Beverage by 2.8% in the second quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after buying an additional 771,913 shares in the last quarter. Jennison Associates LLC raised its stake in Monster Beverage by 0.6% in the third quarter. Jennison Associates LLC now owns 12,053,475 shares of the company’s stock worth $665,955,000 after buying an additional 68,041 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Monster Beverage by 19.7% in the third quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after buying an additional 1,008,607 shares in the last quarter. American Century Companies Inc. raised its stake in Monster Beverage by 1.5% in the third quarter. American Century Companies Inc. now owns 5,044,874 shares of the company’s stock worth $278,729,000 after buying an additional 75,928 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Monster Beverage by 5.1% in the second quarter. Voya Investment Management LLC now owns 4,905,985 shares of the company’s stock worth $243,730,000 after buying an additional 239,191 shares in the last quarter. 65.69% of the stock is owned by institutional investors.

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Monster Beverage 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.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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