Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse Group in a note issued to investors on Thursday. They presently have a $61.00 price objective on the stock. Credit Suisse Group’s price objective indicates a potential upside of 8.23% from the company’s current price.

Several other brokerages also recently commented on MNST. BMO Capital Markets restated a “buy” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research note on Wednesday. BidaskClub upgraded Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Susquehanna Bancshares Inc restated a “hold” rating and issued a $42.00 target price (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. Jefferies Group LLC raised their target price on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $57.00 target price on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.28.

Monster Beverage Corporation (NASDAQ MNST) traded up 0.05% on Thursday, reaching $56.36. The company had a trading volume of 2,000,594 shares. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $57.25. The stock has a market capitalization of $32.02 billion, a P/E ratio of 42.63 and a beta of 0.99. The stock’s 50-day moving average price is $53.98 and its 200-day moving average price is $49.37.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. During the same quarter in the prior year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Monster Beverage Corporation will post $1.48 EPS for the current fiscal year.

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In related news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now directly owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Trust Group LLC raised its holdings in shares of Monster Beverage Corporation by 4.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after buying an additional 19,966 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Monster Beverage Corporation by 7.5% during the 2nd quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock valued at $32,411,000 after buying an additional 45,469 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Monster Beverage Corporation by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 955,106 shares of the company’s stock valued at $44,097,000 after buying an additional 14,692 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Monster Beverage Corporation by 210.6% during the 1st quarter. Stifel Financial Corp now owns 233,660 shares of the company’s stock valued at $10,802,000 after buying an additional 158,424 shares in the last quarter. Finally, Axiom International Investors LLC DE raised its holdings in shares of Monster Beverage Corporation by 18.5% during the 1st quarter. Axiom International Investors LLC DE now owns 643,414 shares of the company’s stock valued at $29,706,000 after buying an additional 100,614 shares in the last quarter. 65.88% of the stock is currently owned by institutional investors.

About Monster Beverage Corporation

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.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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