Monster Beverage (NASDAQ:MNST) Price Target Raised to $75.00 at UBS Group

Monster Beverage (NASDAQ:MNST) had its target price lifted by UBS Group from $72.00 to $75.00 in a research note released on Friday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Monster Beverage in a research note on Thursday. Morgan Stanley boosted their target price on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Roth Capital reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Finally, Piper Sandler raised their target price on Monster Beverage from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $69.41.

Monster Beverage Stock Performance

MNST traded up $3.42 on Friday, hitting $69.73. 14,099,119 shares of the company were exchanged, compared to its average volume of 5,954,324. The firm has a market capitalization of $68.09 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The business’s fifty day moving average is $66.59 and its 200 day moving average is $63.44. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $72.62.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Analysts forecast that Monster Beverage will post 1.62 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the transaction, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Greenleaf Trust boosted its stake in shares of Monster Beverage by 16.0% during the 1st quarter. Greenleaf Trust now owns 14,238 shares of the company’s stock worth $833,000 after acquiring an additional 1,968 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Monster Beverage by 21.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 6,513 shares of the company’s stock valued at $381,000 after purchasing an additional 1,152 shares during the period. Alps Advisors Inc. acquired a new position in shares of Monster Beverage in the 1st quarter valued at $374,000. Fidelis Capital Partners LLC increased its stake in Monster Beverage by 4.5% in the 1st quarter. Fidelis Capital Partners LLC now owns 6,914 shares of the company’s stock worth $406,000 after purchasing an additional 300 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Monster Beverage by 1.2% during the 1st quarter. Xponance Inc. now owns 151,473 shares of the company’s stock worth $8,864,000 after buying an additional 1,845 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.