Monster Beverage Corporation (NASDAQ:MNST) received a $42.00 price objective from investment analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price target would indicate a potential downside of 16.52% from the company’s previous close.

MNST has been the topic of several other reports. Cowen and Company reissued an “outperform” rating and set a $52.00 target price on shares of Monster Beverage Corporation in a report on Tuesday, February 28th. BMO Capital Markets reissued an “outperform” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a report on Friday, June 9th. Stifel Nicolaus reduced their target price on Monster Beverage Corporation from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, February 27th. Zacks Investment Research raised Monster Beverage Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Finally, J P Morgan Chase & Co started coverage on Monster Beverage Corporation in a report on Tuesday, March 21st. They set an “overweight” rating and a $56.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage Corporation presently has a consensus rating of “Buy” and an average target price of $56.40.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

Shares of Monster Beverage Corporation (NASDAQ MNST) traded up 0.50% on Monday, reaching $50.56. The company had a trading volume of 963,960 shares. The company’s 50-day moving average price is $48.80 and its 200-day moving average price is $45.81. The firm has a market capitalization of $28.71 billion, a price-to-earnings ratio of 40.71 and a beta of 0.91. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $55.50.

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $742.10 million for the quarter, compared to analyst estimates of $738.54 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. On average, analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of MNST. Coconut Grove Bank increased its position in Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock valued at $118,000 after buying an additional 1,440 shares in the last quarter. Assetmark Inc. increased its position in Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock valued at $201,000 after buying an additional 311 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after buying an additional 1,712 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Monster Beverage Corporation during the first quarter valued at approximately $216,000. Finally, Fernwood Investment Management LLC purchased a new position in Monster Beverage Corporation during the first quarter valued at approximately $217,000. Hedge funds and other institutional investors own 66.03% of the company’s stock.

Monster Beverage Corporation Company Profile

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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