Monster Beverage Corporation (NASDAQ:MNST) was downgraded by equities researchers at Credit Suisse Group to a “hold” rating in a research note issued on Friday.

A number of other research firms have also weighed in on MNST. Goldman Sachs Group, Inc. (The) upped their target price on Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 15th. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. UBS AG set a $59.00 target price on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc set a $42.00 target price on Monster Beverage Corporation and gave the stock a “hold” rating in a report on Monday, June 19th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.28.

Monster Beverage Corporation (MNST) traded up 0.51% on Friday, reaching $56.65. The company had a trading volume of 208,413 shares. The company has a market capitalization of $32.19 billion, a P/E ratio of 42.85 and a beta of 0.99. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $57.25. The stock’s 50-day moving average is $54.09 and its 200-day moving average is $49.42.

Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $907.07 million for the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts forecast 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 company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MNST. Jennison Associates increased its position in shares of Monster Beverage Corporation by 25.9% in the 3rd quarter. Jennison Associates now owns 3,662,137 shares of the company’s stock valued at $494,901,000 after acquiring an additional 753,819 shares during the period. Perigon Wealth Management increased its position in shares of Monster Beverage Corporation by 2.8% in the 3rd quarter. Perigon Wealth Management now owns 3,841 shares of the company’s stock valued at $519,000 after acquiring an additional 106 shares during the period. Eagle Asset Management increased its position in shares of Monster Beverage Corporation by 108.0% in the 3rd quarter. Eagle Asset Management now owns 794,656 shares of the company’s stock valued at $107,388,000 after acquiring an additional 412,601 shares during the period. MUFG Americas acquired a new position in shares of Monster Beverage Corporation in the 3rd quarter valued at $1,021,000. Finally, Janus Capital Management increased its position in shares of Monster Beverage Corporation by 23.1% in the 3rd quarter. Janus Capital Management now owns 799,310 shares of the company’s stock valued at $108,019,000 after acquiring an additional 149,830 shares during the period. 65.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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