Monster Beverage (NASDAQ: MNST) recently received a number of ratings updates from brokerages and research firms:

  • 6/11/2018 – Monster Beverage had its price target raised by analysts at Morgan Stanley from $61.00 to $63.00. They now have a “buy” rating on the stock.
  • 6/8/2018 – Monster Beverage had its price target raised by analysts at Jefferies Financial Group Inc from $62.00 to $63.00. They now have a “buy” rating on the stock. They wrote, “We lift our FY19-20 EPS est. by ~3% following MNST’s upbeat shareholder meeting, our positive US survey, and strong US Nielsen data. Mgmt was bullish on the cos. growth prospects, acknowledged the recent US acceleration, and importantly intends to take price later this year to address recent GM % pressure. Our survey suggests increased consumption among the core energy drink consumer is helping to fuel growth. Reit. Buy w/shares trading at 19.5x EV/EBITDA.””
  • 6/7/2018 – Monster Beverage was given a new $42.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “sell” rating on the stock.
  • 6/5/2018 – Monster Beverage was given a new $65.00 price target on by analysts at Evercore ISI. They now have a “buy” rating on the stock.
  • 6/2/2018 – Monster Beverage was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/2/2018 – Monster Beverage was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/12/2018 – Monster Beverage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/9/2018 – Monster Beverage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/9/2018 – Monster Beverage had its price target lowered by analysts at Morgan Stanley from $67.00 to $61.00. They now have an “overweight” rating on the stock.
  • 5/9/2018 – Monster Beverage was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $52.00 price target on the stock, down previously from $67.00.
  • 5/9/2018 – Monster Beverage had its price target lowered by analysts at SunTrust Banks, Inc. to $50.00. They now have a “hold” rating on the stock.
  • 5/9/2018 – Monster Beverage was given a new $63.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 5/9/2018 – Monster Beverage had its price target lowered by analysts at Jefferies Financial Group Inc to $62.00. They now have a “buy” rating on the stock.
  • 5/7/2018 – Monster Beverage was given a new $45.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “sell” rating on the stock.
  • 5/1/2018 – Monster Beverage was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Monster Beverage's shares have outperformed the industry in the past year. Product innovation plays a huge role in Monster Beverage's success. The company has several new products lined up for 2018 that is expected to boost sales. Again, the TCCC deal is expected to enhance the company’s foothold in the international energy drinks market. However, earnings estimates for 2018 and 2019 have declined by 1 cent, respectively, over the last 30 days, reflecting analysts’ bearish outlook over the potential of the stock. While the company has a favorable long-term outlook, we remain concerned because of soft industry trends and margin pressure arising from higher raw material costs (mainly aluminum and sweeteners), and unfavorable product mix. Also, increasing expenses to support top-line growth also add to the worries.”
  • 4/25/2018 – Monster Beverage was given a new $71.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.

NASDAQ:MNST traded down $0.01 during trading hours on Wednesday, reaching $56.17. 175,108 shares of the company’s stock were exchanged, compared to its average volume of 4,219,708. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.05 and a beta of 1.23. Monster Beverage Corp has a 12 month low of $47.61 and a 12 month high of $70.21.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $850.92 million during the quarter, compared to the consensus estimate of $845.88 million. Monster Beverage had a net margin of 24.69% and a return on equity of 22.88%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. research analysts predict that Monster Beverage Corp will post 1.71 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optimum Investment Advisors bought a new position in Monster Beverage during the 1st quarter valued at about $120,000. Icon Wealth Partners LLC acquired a new position in Monster Beverage during the fourth quarter valued at approximately $166,000. Synovus Financial Corp acquired a new position in Monster Beverage during the first quarter valued at approximately $175,000. Captrust Financial Advisors acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $177,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Monster Beverage in the first quarter valued at approximately $200,000. Institutional investors own 65.32% of the company’s stock.

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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