Monster Beverage (NASDAQ:MNST) Given New $80.00 Price Target at UBS Group

Monster Beverage (NASDAQ:MNST) had its target price decreased by UBS Group from $92.00 to $80.00 in a research note published on Tuesday, MarketBeat reports. UBS Group currently has a neutral rating on the stock.

MNST has been the subject of a number of other research reports. Bank of America raised their price objective on shares of Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a research report on Monday, December 29th. Finally, Piper Sandler increased their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. 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. According to MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $83.19.

Monster Beverage Stock Down 2.3%

Shares of NASDAQ:MNST opened at $72.44 on Tuesday. The company has a market cap of $70.84 billion, a P/E ratio of 37.34, a PEG ratio of 2.39 and a beta of 0.51. Monster Beverage has a 52 week low of $54.73 and a 52 week high of $87.38. The company has a 50-day moving average price of $78.38 and a 200 day moving average price of $74.68.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Analysts expect that Monster Beverage will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. increased its stake in shares of Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Monster Beverage during the 3rd quarter worth approximately $27,000. Harbor Investment Advisory LLC increased its stake in shares of Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. Finally, First Horizon Corp purchased a new position in shares of Monster Beverage during the 3rd quarter worth approximately $29,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

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.