Monster Beverage (NASDAQ:MNST) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.
MNST has been the subject of several other reports. Jefferies Group reissued a “buy” rating and set a $65.00 price target on shares of Monster Beverage in a report on Friday, October 13th. Cowen reissued a “buy” rating and set a $58.00 price target on shares of Monster Beverage in a report on Friday, October 27th. Deutsche Bank initiated coverage on Monster Beverage in a report on Wednesday, December 13th. They set a “hold” rating and a $66.00 price target for the company. Credit Suisse Group cut Monster Beverage to a “hold” rating and set a $69.00 price target for the company. in a report on Thursday, January 4th. Finally, Citigroup set a $60.00 price target on Monster Beverage and gave the stock a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.99.
Monster Beverage (NASDAQ MNST) opened at $63.77 on Friday. The company has a market capitalization of $36,070.00, a P/E ratio of 46.55, a PEG ratio of 1.98 and a beta of 0.94. Monster Beverage has a one year low of $41.02 and a one year high of $66.16.
Monster Beverage (NASDAQ:MNST) last released its quarterly 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 business had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. equities analysts expect that Monster Beverage will post 1.48 EPS for the current year.
In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $902,322.99. Following the completion of the transaction, the insider now owns 967,456 shares of the company’s stock, valued at approximately $62,429,935.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rodney C. Sacks sold 697 shares of the business’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $64.51, for a total value of $44,963.47. Following the transaction, the chief executive officer now directly owns 963,789 shares of the company’s stock, valued at approximately $62,174,028.39. The disclosure for this sale can be found here. Insiders have sold a total of 268,026 shares of company stock valued at $17,179,867 in the last three months. 9.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Monster Beverage by 1.7% during the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after acquiring an additional 376,666 shares during the last quarter. Skylands Capital LLC bought a new stake in Monster Beverage during the 3rd quarter worth $276,000. Douglas Lane & Associates LLC grew its position in Monster Beverage by 31.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 8,005 shares of the company’s stock worth $442,000 after acquiring an additional 1,900 shares during the last quarter. TT International grew its position in Monster Beverage by 6.2% during the 2nd quarter. TT International now owns 48,157 shares of the company’s stock worth $2,392,000 after acquiring an additional 2,818 shares during the last quarter. Finally, Castleark Management LLC grew its position in Monster Beverage by 63.1% during the 2nd quarter. Castleark Management LLC now owns 598,595 shares of the company’s stock worth $29,738,000 after acquiring an additional 231,489 shares during the last quarter. 65.62% of the stock is owned by institutional investors.
About Monster Beverage
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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