Monster Beverage Corporation (NASDAQ:MNST) was downgraded by investment analysts at UBS AG to a “neutral” rating in a research note issued to investors on Monday, The Fly reports.

A number of other brokerages have also issued reports on MNST. BMO Capital Markets restated a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, November 2nd. Credit Suisse Group set a $61.00 price target on shares of Monster Beverage Corporation and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $64.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, November 9th. Finally, BidaskClub upgraded shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $58.74.

Monster Beverage Corporation (NASDAQ:MNST) traded down $1.01 during midday trading on Monday, hitting $61.16. 2,451,192 shares of the company traded hands, compared to its average volume of 2,223,589. The company has a market cap of $35,060.00, a price-to-earnings ratio of 42.29, a PEG ratio of 2.22 and a beta of 0.91. Monster Beverage Corporation has a 1 year low of $41.02 and a 1 year high of $62.80.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Monster Beverage Corporation had a net margin of 23.92% and a return on equity of 23.45%. The firm had revenue of $909.50 million during the quarter, compared to analyst estimates of $903.82 million. During the same quarter in the previous year, the business posted $0.34 EPS. Monster Beverage Corporation’s revenue was up 15.4% on a year-over-year basis. analysts expect 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 stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now directly owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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. Liberty Capital Management Inc. boosted its holdings in Monster Beverage Corporation by 2,028.0% during the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares in the last quarter. Huntington National Bank boosted its holdings in Monster Beverage Corporation by 42.2% during the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Monster Beverage Corporation by 11.0% during the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Monster Beverage Corporation by 397.6% during the third quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after buying an additional 2,143 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in Monster Beverage Corporation by 29,250.0% during the second quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after buying an additional 2,925 shares in the last quarter. 64.89% 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.

The Fly

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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