Monster Beverage (NASDAQ:MNST) Price Target Cut to $90.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its target price decreased by Deutsche Bank Aktiengesellschaft from $94.00 to $90.00 in a report published on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other brokerages also recently commented on MNST. 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. UBS Group increased their target price on shares of Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Finally, BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Friday, January 16th. Fourteen research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.76.

Monster Beverage Trading Down 0.7%

Shares of MNST opened at $71.32 on Monday. The stock has a market cap of $69.68 billion, a PE ratio of 36.76, a PEG ratio of 2.32 and a beta of 0.44. Monster Beverage has a 1 year low of $54.73 and a 1 year high of $87.38. The stock has a 50 day simple moving average of $79.42 and a 200-day simple moving average of $74.36.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. Monster Beverage’s quarterly revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Monster Beverage will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Monster Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. lifted its position in shares of Monster Beverage by 508.1% during the third 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. bought a new position in Monster Beverage in the 3rd quarter worth approximately $27,000. Harbor Investment Advisory LLC raised its position in Monster Beverage by 136.7% in 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 during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in 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 buying an additional 415 shares in the last quarter. Finally, First Horizon Corp acquired a new position in Monster Beverage during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

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.