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

Monster Beverage (NASDAQ:MNST) had its price target upped by UBS Group from $72.00 to $75.00 in a research report report published on Friday, Marketbeat reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on MNST. Stifel Nicolaus increased their price objective on Monster Beverage from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday. Bank of America raised their price target on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company lifted their target price on shares of Monster Beverage from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.41.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $69.73 on Friday. The company’s 50-day simple moving average is $66.59 and its 200-day simple moving average is $63.50. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $72.62. The stock has a market capitalization of $68.09 billion, a P/E ratio of 43.31, a P/E/G ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data 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 analyst estimates 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 was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, research analysts forecast that Monster Beverage will post 1.62 EPS for the current year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Monster Beverage during the second quarter worth approximately $544,584,000. Nuveen LLC acquired a new position in shares of Monster Beverage during the 1st quarter worth approximately $497,157,000. Schroder Investment Management Group lifted its position in shares of Monster Beverage by 4,877.8% during the 2nd quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock valued at $456,262,000 after buying an additional 7,137,552 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Monster Beverage by 467.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after buying an additional 5,641,160 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Monster Beverage in the 2nd quarter valued at $157,063,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

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.