Monster Beverage (NASDAQ:MNST)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a research note issued on Wednesday, The Fly reports. They currently have a $77.00 target price on the stock, up from their previous target price of $69.00. Credit Suisse Group’s price objective points to a potential upside of 16.03% from the company’s previous close.

MNST has been the subject of a number of other reports. Jefferies Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Monster Beverage in a research report on Friday, October 13th. Cowen reiterated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage in a research report on Friday, October 27th. Deutsche Bank initiated coverage on Monster Beverage in a research report on Wednesday, December 13th. They issued a “hold” rating and a $66.00 price objective for the company. BidaskClub lowered Monster Beverage from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup set a $60.00 price objective on Monster Beverage and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Monster Beverage presently has an average rating of “Buy” and a consensus price target of $62.17.

Shares of Monster Beverage (MNST) opened at $66.36 on Wednesday. The company has a market capitalization of $36,410.00, a PE ratio of 48.44, a P/E/G ratio of 1.88 and a beta of 0.94. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $66.36.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $909.50 million during the quarter, compared to analyst estimates of $903.82 million. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. equities research analysts expect that Monster Beverage will post 1.48 EPS for the current fiscal year.

In other Monster Beverage news, CEO Rodney C. Sacks sold 697 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $44,963.47. Following the transaction, the chief executive officer now owns 963,789 shares in the company, valued at $62,174,028.39. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Rodney C. Sacks sold 189,861 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $63.92, for a total value of $12,135,915.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,026 shares of company stock worth $17,179,867. Company insiders own 9.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Skylands Capital LLC bought a new position in shares of Monster Beverage during the 3rd quarter valued at about $276,000. Douglas Lane & Associates LLC lifted its holdings in shares of Monster Beverage by 31.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 8,005 shares of the company’s stock valued at $442,000 after purchasing an additional 1,900 shares in the last quarter. TT International lifted its holdings in shares of Monster Beverage by 6.2% during the 2nd quarter. TT International now owns 48,157 shares of the company’s stock valued at $2,392,000 after purchasing an additional 2,818 shares in the last quarter. Castleark Management LLC lifted its holdings in shares of Monster Beverage by 63.1% during the 2nd quarter. Castleark Management LLC now owns 598,595 shares of the company’s stock valued at $29,738,000 after purchasing an additional 231,489 shares in the last quarter. Finally, Rathbone Brothers plc lifted its holdings in shares of Monster Beverage by 21.2% during the 3rd quarter. Rathbone Brothers plc now owns 476,150 shares of the company’s stock valued at $26,307,000 after purchasing an additional 83,150 shares in the last quarter. Institutional investors and hedge funds 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.

The Fly

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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