Monster Beverage (NASDAQ:MNST) Price Target Lowered to $90.00 at Wells Fargo & Company

Monster Beverage (NASDAQ:MNST) had its price objective lowered by Wells Fargo & Company from $94.00 to $90.00 in a report published on Monday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on MNST. Royal Bank Of Canada upped their price target on Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. UBS Group lifted their price objective on shares of Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Citigroup boosted their target price on shares of Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Evercore increased their target price on shares of Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a research report on Monday, December 29th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.95.

Monster Beverage Stock Down 0.1%

Shares of Monster Beverage stock opened at $77.05 on Monday. The firm has a market cap of $75.28 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.49 and a beta of 0.44. Monster Beverage has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The business has a 50-day moving average price of $80.20 and a 200 day moving average price of $73.62.

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

Institutional Investors Weigh In On Monster Beverage

Hedge funds have recently added to or reduced their stakes in the stock. Capital Advisory Group Advisory Services LLC increased its holdings in shares of Monster Beverage by 2.8% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after acquiring an additional 133 shares during the period. Williams Jones Wealth Management LLC. boosted its stake in Monster Beverage by 2.2% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock valued at $470,000 after purchasing an additional 134 shares during the period. D.A. Davidson & CO. grew its position in Monster Beverage by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after purchasing an additional 141 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after purchasing an additional 146 shares during the last quarter. Finally, Earned Wealth Advisors LLC increased its stake in shares of Monster Beverage by 3.8% in the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after purchasing an additional 151 shares during the period. 72.36% of the stock is currently owned by institutional investors.

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.