Monster Beverage (NASDAQ:MNST)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a note issued to investors on Tuesday.

A number of other analysts have also issued reports on the company. Deutsche Bank started coverage on Monster Beverage in a research report on Wednesday, December 13th. They set a “hold” rating and a $66.00 target price on the stock. Jefferies Group lifted their target price on Monster Beverage from $64.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Citigroup set a $60.00 price objective on Monster Beverage and gave the company a “buy” rating in a report on Wednesday, October 18th. Cowen reissued a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage in a report on Friday, October 27th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $69.00 price objective (up from $62.00) on shares of Monster Beverage in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $60.99.

Shares of Monster Beverage (MNST) traded up $0.79 during midday trading on Tuesday, hitting $64.56. The stock had a trading volume of 2,292,937 shares, compared to its average volume of 2,238,300. 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 $35,960.00, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 analyst estimates of $903.82 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. equities research analysts predict that Monster Beverage will post 1.48 earnings per share for the current fiscal year.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 189,861 shares of Monster Beverage stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Rodney C. Sacks sold 62,386 shares of Monster Beverage stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total value of $4,025,768.58. Following the completion of the transaction, the chairman now owns 949,806 shares of the company’s stock, valued at $61,290,981.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,026 shares of company stock valued at $17,179,867. 9.40% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of MNST. Federated Investors Inc. PA boosted its stake in Monster Beverage by 11.3% in the second quarter. Federated Investors Inc. PA now owns 10,880 shares of the company’s stock valued at $540,000 after acquiring an additional 1,105 shares during the period. Commonwealth Bank of Australia boosted its stake in Monster Beverage by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock valued at $116,000 after acquiring an additional 232 shares during the period. Thrivent Financial For Lutherans boosted its stake in Monster Beverage by 5.7% in the second quarter. Thrivent Financial For Lutherans now owns 321,453 shares of the company’s stock valued at $15,970,000 after acquiring an additional 17,400 shares during the period. New York State Common Retirement Fund boosted its stake in Monster Beverage by 9.1% in the second quarter. New York State Common Retirement Fund now owns 1,172,174 shares of the company’s stock valued at $58,234,000 after acquiring an additional 98,073 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Monster Beverage by 4.3% in the second quarter. Mutual of America Capital Management LLC now owns 49,591 shares of the company’s stock valued at $2,464,000 after acquiring an additional 2,056 shares during the period. Institutional investors own 65.69% 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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