Monster Beverage (NASDAQ:MNST) Price Target Raised to $100.00

Monster Beverage (NASDAQ:MNST) had its price objective raised by Argus from $95.00 to $100.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on MNST. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, January 16th. Piper Sandler boosted their price objective on shares of Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley restated an “overweight” rating and issued a $96.00 target price (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Finally, Jefferies Financial Group increased their price target on shares of Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $84.14.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $76.70 on Tuesday. The company has a market capitalization of $74.94 billion, a P/E ratio of 39.54, a PEG ratio of 2.54 and a beta of 0.44. Monster Beverage has a 1 year low of $54.00 and a 1 year high of $87.38. The company’s fifty day moving average is $80.22 and its two-hundred day moving average is $72.82.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Monster Beverage will post 1.62 earnings per share for the current year.

Insider Transactions at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares in the company, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of MNST. Capital Advisory Group Advisory Services LLC increased its position in shares of Monster Beverage by 2.8% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after buying an additional 133 shares in the last quarter. Williams Jones Wealth Management LLC. increased its holdings in Monster Beverage by 2.2% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock valued at $470,000 after acquiring an additional 134 shares in the last quarter. D.A. Davidson & CO. raised its position in Monster Beverage by 3.6% during the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after acquiring an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. Finally, Earned Wealth Advisors LLC grew its position in shares of Monster Beverage by 3.8% in the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after purchasing an additional 151 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.