Susquehanna Bancshares Inc set a $51.00 price target on Monster Beverage Corporation (NASDAQ:MNST) in a research report report published on Monday. The brokerage currently has a sell rating on the stock.
MNST has been the topic of several other research reports. Jefferies Group LLC reissued a buy rating and set a $65.00 price target on shares of Monster Beverage Corporation in a research report on Friday, October 13th. Cowen and Company reissued a buy rating and set a $58.00 price target on shares of Monster Beverage Corporation in a research report on Friday, October 27th. BidaskClub raised shares of Monster Beverage Corporation from a buy rating to a strong-buy rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Monster Beverage Corporation from a buy rating to a hold rating in a research report on Thursday, August 10th. Finally, Credit Suisse Group reissued an outperform rating and set a $61.00 price target on shares of Monster Beverage Corporation in a research report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Monster Beverage Corporation presently has an average rating of Buy and a consensus target price of $58.74.
Shares of Monster Beverage Corporation (NASDAQ MNST) traded down $1.01 during mid-day trading on Monday, reaching $61.16. 2,451,100 shares of the company’s stock traded hands, compared to its average volume of 2,223,591. The stock has a market capitalization of $35,060.00, a price-to-earnings ratio of 42.29, a PEG ratio of 2.22 and a beta of 0.91. Monster Beverage Corporation has a one year low of $41.02 and a one year high of $62.80.
Monster Beverage Corporation (NASDAQ:MNST) last announced its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $909.50 million during the quarter, compared to analyst estimates of $903.82 million. Monster Beverage Corporation had a net margin of 23.92% and a return on equity of 23.45%. Monster Beverage Corporation’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. sell-side analysts expect that Monster Beverage Corporation will post 1.48 EPS for the current fiscal year.
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In related news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the transaction, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its holdings in shares of Monster Beverage Corporation by 3.6% during the second quarter. LS Investment Advisors LLC now owns 11,602 shares of the company’s stock valued at $576,000 after purchasing an additional 400 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Monster Beverage Corporation by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,000 shares of the company’s stock worth $1,242,000 after acquiring an additional 300 shares in the last quarter. Aperio Group LLC lifted its stake in Monster Beverage Corporation by 14.3% in the 2nd quarter. Aperio Group LLC now owns 123,813 shares of the company’s stock worth $6,151,000 after acquiring an additional 15,491 shares in the last quarter. First Quadrant L P CA lifted its stake in Monster Beverage Corporation by 9.1% in the 2nd quarter. First Quadrant L P CA now owns 6,547 shares of the company’s stock worth $325,000 after acquiring an additional 547 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Monster Beverage Corporation by 7.2% during the 2nd quarter. US Bancorp DE now owns 44,732 shares of the company’s stock worth $2,222,000 after purchasing an additional 3,009 shares in the last quarter. 64.89% of the stock is owned by institutional investors and hedge funds.
About Monster Beverage Corporation
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.
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