Monster Beverage (NASDAQ:MNST) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently weighed in on the company. Credit Suisse Group cut Monster Beverage to a “hold” rating and set a $69.00 price objective on the stock. in a research report on Thursday, January 4th. Wells Fargo & Co boosted their price objective on Monster Beverage from $54.00 to $60.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Macquarie boosted their price objective on Monster Beverage from $65.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Deutsche Bank assumed coverage on Monster Beverage in a research report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price objective on the stock. Finally, Jefferies Group boosted their price objective on Monster Beverage from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.99.

Monster Beverage (NASDAQ:MNST) traded down $0.19 during mid-day trading on Friday, reaching $63.77. The company’s stock had a trading volume of 1,842,706 shares, compared to its average volume of 1,751,690. Monster Beverage has a twelve month low of $41.02 and a twelve month high of $66.16. The stock has a market capitalization of $36,071.09, a PE ratio of 46.21, a P/E/G ratio of 1.88 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The business had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. equities analysts predict that Monster Beverage will post 1.48 earnings per share for the current year.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 189,861 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total value of $902,322.99. Following the completion of the sale, the insider now owns 967,456 shares in the company, valued at $62,429,935.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,026 shares of company stock worth $17,179,867. Corporate insiders own 9.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MNST. Vanguard Group Inc. raised its stake in shares of Monster Beverage by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock valued at $1,412,547,000 after purchasing an additional 771,913 shares during the period. BlackRock Inc. raised its stake in shares of Monster Beverage by 1.7% during the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock valued at $1,089,848,000 after purchasing an additional 376,666 shares during the period. Jennison Associates LLC raised its stake in shares of Monster Beverage by 0.6% during the 3rd quarter. Jennison Associates LLC now owns 12,053,475 shares of the company’s stock valued at $665,955,000 after purchasing an additional 68,041 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Monster Beverage by 19.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock valued at $338,810,000 after purchasing an additional 1,008,607 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Monster Beverage by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 5,044,874 shares of the company’s stock valued at $278,729,000 after purchasing an additional 75,928 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

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Monster Beverage 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 (NASDAQ:MNST)

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