Analysts Set Monster Beverage Co. (NASDAQ:MNST) Target Price at $56.45

Shares of Monster Beverage Co. (NASDAQ:MNST) have received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $56.45.

Several research analysts recently commented on MNST shares. Roth Mkm reduced their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Truist Financial decreased their price objective on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Jefferies Financial Group dropped their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler decreased their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Argus upped their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Monster Beverage

A number of hedge funds have recently bought and sold shares of MNST. Dai ichi Life Insurance Company Ltd raised its holdings in Monster Beverage by 2.3% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after acquiring an additional 532 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Monster Beverage by 128.1% in the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock valued at $1,217,000 after purchasing an additional 11,528 shares in the last quarter. Swedbank AB grew its holdings in shares of Monster Beverage by 23.1% during the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock valued at $6,080,000 after purchasing an additional 22,823 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Monster Beverage by 50.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock valued at $5,013,000 after purchasing an additional 33,478 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Monster Beverage by 6.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock valued at $108,408,000 after purchasing an additional 133,080 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Trading Up 0.1 %

NASDAQ MNST opened at $54.06 on Wednesday. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.57 and a beta of 0.74. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.22. The stock’s 50 day moving average price is $52.74 and its two-hundred day moving average price is $51.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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.