Monster Beverage (NASDAQ:MNST) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Monster Beverage (NASDAQ:MNSTGet Rating) in a report released on Friday morning, TipRanks reports. Deutsche Bank Aktiengesellschaft currently has a $105.00 target price on the stock.

MNST has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $90.00 to $87.00 and set a neutral rating on the stock in a research report on Wednesday, March 30th. StockNews.com initiated coverage on shares of Monster Beverage in a research report on Thursday, March 31st. They issued a hold rating on the stock. BMO Capital Markets decreased their target price on shares of Monster Beverage from $92.00 to $90.00 and set a market perform rating on the stock in a research report on Wednesday, April 6th. Guggenheim cut their price target on shares of Monster Beverage from $109.00 to $105.00 and set a buy rating on the stock in a report on Friday, February 25th. Finally, Zacks Investment Research raised shares of Monster Beverage from a sell rating to a hold rating and set a $92.00 price target on the stock in a report on Friday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Monster Beverage has an average rating of Buy and a consensus target price of $99.85.

NASDAQ:MNST traded down $2.13 during trading hours on Friday, reaching $85.68. The company’s stock had a trading volume of 3,322,937 shares, compared to its average volume of 2,930,718. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.97 and a beta of 1.15. The firm has a 50-day simple moving average of $81.20 and a 200-day simple moving average of $85.93. Monster Beverage has a 1 year low of $71.78 and a 1 year high of $99.89.

Monster Beverage (NASDAQ:MNSTGet Rating) last issued its earnings results on Thursday, February 24th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Monster Beverage had a net margin of 24.86% and a return on equity of 22.79%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Research analysts expect that Monster Beverage will post 2.81 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in MNST. Norges Bank bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $316,325,000. Goldman Sachs Group Inc. boosted its stake in shares of Monster Beverage by 78.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 3,885,442 shares of the company’s stock valued at $345,144,000 after purchasing an additional 1,710,715 shares in the last quarter. Capital World Investors boosted its stake in shares of Monster Beverage by 43.8% during the 4th quarter. Capital World Investors now owns 5,341,329 shares of the company’s stock valued at $512,981,000 after purchasing an additional 1,626,751 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Monster Beverage by 42.8% during the 3rd quarter. American Century Companies Inc. now owns 4,078,110 shares of the company’s stock valued at $362,258,000 after purchasing an additional 1,222,346 shares in the last quarter. Finally, Suvretta Capital Management LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $109,841,000. 63.41% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Company Profile (Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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