Monster Beverage (NASDAQ:MNST) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its target price dropped by Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 6.88% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday. Roth Mkm dropped their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. TD Cowen dropped their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Piper Sandler dropped their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Citigroup dropped their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $55.20 on Friday. The firm’s 50-day moving average price is $51.40 and its 200-day moving average price is $51.00. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The company has a market cap of $54.07 billion, a PE ratio of 32.92, a PEG ratio of 2.47 and a beta of 0.74. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced 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). The company had revenue of $1.90 billion for 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 was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. As a group, analysts anticipate that Monster Beverage will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MNST. LRI Investments LLC purchased a new position in shares of Monster Beverage in the first quarter valued at $26,000. Stephens Consulting LLC purchased a new position in shares of Monster Beverage in the second quarter valued at $26,000. Kings Path Partners LLC purchased a new position in shares of Monster Beverage in the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage during the second quarter worth $30,000. Finally, Crewe Advisors LLC purchased a new position in Monster Beverage during the first quarter worth $37,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

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.