Analysts Set Monster Beverage Co. (NASDAQ:MNST) Price Target at $55.68

Shares of Monster Beverage Co. (NASDAQ:MNST) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $55.68.

MNST has been the topic of a number of research analyst reports. Citigroup lowered their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Roth Mkm cut their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen dropped their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. Finally, Royal Bank of Canada reduced their target price on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.

Institutional Trading of Monster Beverage

A number of institutional investors have recently bought and sold shares of the stock. Covestor Ltd raised its stake in shares of Monster Beverage by 8.5% in the third quarter. Covestor Ltd now owns 4,838 shares of the company’s stock valued at $252,000 after acquiring an additional 379 shares during the period. Atria Investments Inc raised its position in Monster Beverage by 6.9% in the 3rd quarter. Atria Investments Inc now owns 188,426 shares of the company’s stock worth $9,830,000 after purchasing an additional 12,244 shares during the period. Assetmark Inc. boosted its position in shares of Monster Beverage by 5.9% during the third quarter. Assetmark Inc. now owns 315,471 shares of the company’s stock valued at $16,458,000 after buying an additional 17,703 shares during the period. Pegasus Partners Ltd. grew its stake in shares of Monster Beverage by 28.6% during the third quarter. Pegasus Partners Ltd. now owns 5,833 shares of the company’s stock valued at $304,000 after buying an additional 1,297 shares during the last quarter. Finally, Executive Wealth Management LLC raised its holdings in shares of Monster Beverage by 17.8% in the third quarter. Executive Wealth Management LLC now owns 54,954 shares of the company’s stock worth $2,867,000 after buying an additional 8,287 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $52.30 on Friday. The stock has a market cap of $51.23 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. Monster Beverage has a 1 year low of $43.32 and a 1 year high of $61.22. The firm has a fifty day moving average price of $50.98 and a 200-day moving average price of $51.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

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

About Monster Beverage

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.