Monster Beverage Corporation (NASDAQ:MNST) Receives $84.14 Consensus Target Price from Brokerages

Monster Beverage Corporation (NASDAQ:MNST) has received an average rating of “Moderate Buy” from the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $84.1429.

MNST has been the topic of a number of research analyst reports. Roth Mkm restated a “neutral” rating and issued a $70.00 price target on shares of Monster Beverage in a report on Wednesday, December 3rd. Jefferies Financial Group increased their price target on Monster Beverage from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Bank of America raised their price target on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $86.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Monster Beverage in the 4th quarter worth approximately $691,104,000. Schroder Investment Management Group increased its holdings 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 purchasing an additional 7,137,552 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Monster Beverage by 7,360.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock valued at $474,695,000 after purchasing an additional 6,108,420 shares during the period. AQR Capital Management LLC boosted its holdings in Monster Beverage by 467.0% during the second quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock worth $422,996,000 after buying an additional 5,641,160 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Monster Beverage by 133.4% during the fourth quarter. Wellington Management Group LLP now owns 8,499,546 shares of the company’s stock worth $651,660,000 after buying an additional 4,858,109 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $76.99 on Tuesday. Monster Beverage has a 1-year low of $54.17 and a 1-year high of $87.38. The company’s fifty day simple moving average is $80.16 and its 200-day simple moving average is $73.25. The stock has a market capitalization of $75.22 billion, a PE ratio of 39.69, a P/E/G ratio of 2.51 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. As a group, research analysts anticipate that Monster Beverage will post 1.62 EPS for the current year.

Monster Beverage Company Profile

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.