Monster Beverage Corporation (NASDAQ:MNST) Stock Has Consensus Target Price of $50.33

Shares of Monster Beverage Corporation (NASDAQ:MNST) have been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $50.33.

MNST has been the topic of a number of research reports. Weiss Ratings upgraded shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. BMO Capital Markets restated a “market perform” rating and set a $47.50 price objective (up from $36.50) on shares of Monster Beverage in a report on Monday, July 20th. Stifel Nicolaus upped their target price on Monster Beverage from $45.00 to $52.50 and gave the company a “buy” rating in a research report on Thursday, July 16th. TD Cowen increased their target price on Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. Finally, Evercore lifted their price target on Monster Beverage from $47.50 to $52.50 and gave the stock an “outperform” rating in a report on Friday, August 7th.

Institutional Investors Weigh In On Monster Beverage

Hedge funds and other institutional investors have recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new position in shares of Monster Beverage in the second quarter valued at about $27,000. Jones Financial Companies Lllp acquired a new stake in Monster Beverage in the 2nd quarter worth about $28,000. MV Capital Management Inc. bought a new stake in Monster Beverage in the 4th quarter valued at about $30,000. Trust Co. of Vermont bought a new stake in Monster Beverage in the 2nd quarter valued at about $30,000. Finally, Clearstead Trust LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.3%

MNST stock opened at $41.62 on Friday. Monster Beverage has a 1-year low of $32.94 and a 1-year high of $50.17. The business’s 50 day simple moving average is $45.59 and its 200 day simple moving average is $43.59. The firm has a market capitalization of $81.54 billion, a PE ratio of 38.54, a PEG ratio of 2.72 and a beta of 0.52.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%.The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. As a group, sell-side analysts predict that Monster Beverage will post 1.11 EPS for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.