Monster Beverage Corporation (NASDAQ:MNST) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Monster Beverage Corporation (NASDAQ:MNST) have been given an average recommendation of “Moderate Buy” by the twenty-four analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $78.9048.

Several analysts have commented on MNST shares. Zacks Research cut Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Evercore boosted their target price on shares of Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Piper Sandler set a $85.00 price target on shares of Monster Beverage in a research note on Wednesday, December 3rd. Wall Street Zen upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $81.00 price objective (up from $75.00) on shares of Monster Beverage in a report on Monday, December 1st.

Insider Activity

In related news, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares in the company, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were 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 owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its stake in Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after buying an additional 12,148 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Monster Beverage by 247.7% in the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after acquiring an additional 9,251 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Monster Beverage by 2.1% during the second quarter. Blair William & Co. IL now owns 16,254 shares of the company’s stock worth $1,018,000 after acquiring an additional 342 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Monster Beverage by 11.9% during the second quarter. IFP Advisors Inc now owns 4,598 shares of the company’s stock worth $288,000 after acquiring an additional 489 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Monster Beverage by 6.7% during the second quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock valued at $206,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.5%

MNST stock opened at $81.17 on Friday. Monster Beverage has a 52 week low of $48.39 and a 52 week high of $83.24. The company has a market cap of $79.30 billion, a P/E ratio of 46.12, a P/E/G ratio of 2.10 and a beta of 0.45. The company’s 50-day moving average price is $78.02 and its 200 day moving average price is $70.65.

About Monster Beverage

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.