Monster Beverage Corporation (NASDAQ:MNST) Earns “Outperform” Rating from Credit Suisse Group

Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse Group in a research report issued on Thursday, September 7th. They presently have a $61.00 target price on the stock. Credit Suisse Group’s price target would indicate a potential upside of 9.30% from the company’s current price.

MNST has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) boosted their price objective on Monster Beverage Corporation from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, May 15th. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc set a $42.00 price objective on Monster Beverage Corporation and gave the company a “hold” rating in a research report on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Monster Beverage Corporation has an average rating of “Buy” and a consensus target price of $56.86.

Monster Beverage Corporation (NASDAQ:MNST) opened at 55.81 on Thursday. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 42.22 and a beta of 0.99. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $57.25. The firm has a 50 day moving average of $54.84 and a 200-day moving average of $50.17.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. Monster Beverage Corporation’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Equities analysts expect that Monster Beverage Corporation will post $1.48 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Monster Beverage Corporation (NASDAQ:MNST) Earns “Outperform” Rating from Credit Suisse Group” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/09/25/monster-beverage-corporation-mnst-earns-outperform-rating-from-credit-suisse-group.html.

In other news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Trust Group LLC raised its stake in shares of Monster Beverage Corporation by 4.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock worth $24,056,000 after buying an additional 19,966 shares in the last quarter. Cim Investment Mangement Inc. raised its stake in shares of Monster Beverage Corporation by 250.5% in the 2nd quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock worth $1,142,000 after buying an additional 16,426 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Monster Beverage Corporation by 7.5% in the 2nd quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock worth $32,411,000 after buying an additional 45,469 shares in the last quarter. Swiss National Bank raised its stake in shares of Monster Beverage Corporation by 3.1% in the 2nd quarter. Swiss National Bank now owns 1,460,602 shares of the company’s stock worth $72,563,000 after buying an additiona

MNST has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) boosted their price objective on Monster Beverage Corporation from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, May 15th. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc set a $42.00 price objective on Monster Beverage Corporation and gave the company a “hold” rating in a research report on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Monster Beverage Corporation has an average rating of “Buy” and a consensus target price of $56.86.

Monster Beverage Corporation (NASDAQ:MNST) opened at 55.81 on Thursday. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 42.22 and a beta of 0.99. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $57.25. The firm has a 50 day moving average of $54.84 and a 200-day moving average of $50.17.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. Monster Beverage Corporation’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Equities analysts expect that Monster Beverage Corporation will post $1.48 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Monster Beverage Corporation (NASDAQ:MNST) Earns “Outperform” Rating from Credit Suisse Group” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/09/25/monster-beverage-corporation-mnst-earns-outperform-rating-from-credit-suisse-group.html.

In other news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Trust Group LLC raised its stake in shares of Monster Beverage Corporation by 4.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock worth $24,056,000 after buying an additional 19,966 shares in the last quarter. Cim Investment Mangement Inc. raised its stake in shares of Monster Beverage Corporation by 250.5% in the 2nd quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock worth $1,142,000 after buying an additional 16,426 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Monster Beverage Corporation by 7.5% in the 2nd quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock worth $32,411,000 after buying an additional 45,469 shares in the last quarter. Swiss National Bank raised its stake in shares of Monster Beverage Corporation by 3.1% in the 2nd quarter. Swiss National Bank now owns 1,460,602 shares of the company’s stock worth $72,563,000 after buying an additional 44,200 shares in the last quarter. Finally, Chilton Investment Co. LLC bought a new stake in shares of Monster Beverage Corporation in the 2nd quarter worth $35,322,000. 65.89% of the stock is currently owned by institutional investors.

Monster Beverage Corporation Company Profile

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply