Susquehanna Bancshares reiterated their sell rating on shares of Monster Beverage (NASDAQ:MNST) in a report released on Thursday, January 18th. The brokerage currently has a $56.00 target price on the stock.
A number of other equities analysts have also recently weighed in on the company. Deutsche Bank began 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. Jefferies Group raised their target price on Monster Beverage from $64.00 to $72.00 and gave the company a buy rating in a report on Tuesday, November 28th. Citigroup set a $60.00 target price on Monster Beverage and gave the company a buy rating in a report on Wednesday, October 18th. Macquarie increased their price target on Monster Beverage from $65.00 to $73.00 and gave the company an outperform rating in a research report on Thursday, December 21st. Finally, BidaskClub lowered Monster Beverage from a buy rating to a hold rating in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $64.41.
Shares of Monster Beverage (MNST) traded up $0.90 on Thursday, hitting $62.89. The company’s stock had a trading volume of 2,230,108 shares, compared to its average volume of 2,474,498. Monster Beverage has a twelve month low of $41.02 and a twelve month high of $70.21. The firm has a market cap of $35,467.63, a P/E ratio of 45.57, a PEG ratio of 1.84 and a beta of 1.09.
Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. equities analysts predict that Monster Beverage will post 1.48 earnings per share for the current fiscal year.
In related news, CEO Rodney C. Sacks sold 697 shares of Monster Beverage stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total value of $44,963.47. Following the sale, the chief executive officer now directly owns 963,789 shares in the company, valued at $62,174,028.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Rodney C. Sacks sold 189,861 shares of Monster Beverage stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total value of $12,135,915.12. The disclosure for this sale can be found here. Insiders sold a total of 268,026 shares of company stock worth $17,179,867 over the last quarter. Company insiders own 9.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of MNST. Federated Investors Inc. PA boosted its position in Monster Beverage by 11.3% during the second quarter. Federated Investors Inc. PA now owns 10,880 shares of the company’s stock worth $540,000 after purchasing an additional 1,105 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Monster Beverage by 9.1% in the second quarter. New York State Common Retirement Fund now owns 1,172,174 shares of the company’s stock worth $58,234,000 after acquiring an additional 98,073 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Monster Beverage by 4.3% in the second quarter. Mutual of America Capital Management LLC now owns 49,591 shares of the company’s stock worth $2,464,000 after acquiring an additional 2,056 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Monster Beverage by 14.9% in the second quarter. Rafferty Asset Management LLC now owns 28,429 shares of the company’s stock worth $1,412,000 after acquiring an additional 3,686 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Monster Beverage by 2.8% in the second quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after acquiring an additional 771,913 shares during the last quarter. Hedge funds and other institutional investors own 66.04% of the company’s stock.
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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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