Monster Beverage (NASDAQ:MNST) Price Target Raised to $55.00

Monster Beverage (NASDAQ:MNST) had its price objective upped by equities research analysts at UBS Group from $51.00 to $55.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 11.13% from the stock’s previous close.

Several other research firms have also issued reports on MNST. Citigroup reduced their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Bank of America reduced their target price on Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus lowered their price target on Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Morgan Stanley decreased their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Finally, Truist Financial dropped their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.84.

Monster Beverage Stock Up 0.5 %

Monster Beverage stock opened at $49.49 on Monday. The firm’s 50 day moving average price is $49.32 and its two-hundred day moving average price is $51.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $61.22. The firm has a market cap of $51.56 billion, a PE ratio of 31.13, a P/E/G ratio of 2.40 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts predict that Monster Beverage will post 1.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Monster Beverage

Several institutional investors and hedge funds have recently bought and sold shares of the business. LRI Investments LLC bought a new stake in shares of Monster Beverage in the 1st quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its stake in Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 396 shares in the last quarter. Stephens Consulting LLC bought a new position in shares of Monster Beverage during the second quarter valued at $26,000. Kings Path Partners LLC acquired a new stake in shares of Monster Beverage in the 2nd quarter valued at $30,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Monster Beverage in the 2nd quarter worth about $30,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.