Monster Beverage (NASDAQ:MNST)‘s stock had its “sell” rating reaffirmed by equities researchers at Susquehanna Bancshares in a research report issued to clients and investors on Thursday. They currently have a $56.00 price target on the stock. Susquehanna Bancshares’ target price points to a potential downside of 15.75% from the stock’s current price.

MNST has been the subject of several other reports. Jefferies Group reiterated a “buy” rating and set a $65.00 target price on shares of Monster Beverage in a research note on Friday, October 13th. Cowen reiterated a “buy” rating and set a $58.00 target price on shares of Monster Beverage in a research note on Friday, October 27th. Deutsche Bank initiated coverage on Monster Beverage in a report on Wednesday, December 13th. They set a “hold” rating and a $66.00 price target for the company. Credit Suisse Group cut Monster Beverage to a “hold” rating and set a $69.00 price target for the company. in a report on Thursday, January 4th. Finally, BidaskClub cut Monster Beverage from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.46.

Shares of Monster Beverage (NASDAQ:MNST) traded down $0.60 during midday trading on Thursday, hitting $66.47. The stock had a trading volume of 1,747,485 shares, compared to its average volume of 2,412,475. Monster Beverage has a one year low of $41.02 and a one year high of $67.24. The company has a market cap of $37,830.00, a P/E ratio of 48.52, a P/E/G ratio of 1.90 and a beta of 0.94.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, November 8th. The company reported $0.40 EPS 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 company had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. sell-side analysts forecast that Monster Beverage will post 1.48 EPS for the current fiscal year.

In other news, CEO Rodney C. Sacks sold 697 shares of Monster Beverage stock in a transaction on Friday, December 28th. The stock was sold at an average price of $64.51, for a total value of $44,963.47. Following the transaction, the chief executive officer now owns 963,789 shares in the company, valued at approximately $62,174,028.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Rodney C. Sacks sold 898 shares of Monster Beverage stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $57,929.98. The disclosure for this sale can be found here. Insiders sold a total of 268,026 shares of company stock valued at $17,179,867 over the last ninety days. Insiders own 9.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Monster Beverage by 2.8% in 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 last quarter. Jennison Associates LLC increased its stake in shares of Monster Beverage by 0.6% in 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 last quarter. Bank of New York Mellon Corp increased its stake in shares of Monster Beverage by 19.7% in 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 last quarter. American Century Companies Inc. increased its stake in shares of Monster Beverage by 1.5% in 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 last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Monster Beverage by 5.1% in the 2nd quarter. Voya Investment Management LLC now owns 4,905,985 shares of the company’s stock valued at $243,730,000 after purchasing an additional 239,191 shares during the last quarter. Institutional investors own 65.69% of the company’s stock.

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About Monster Beverage

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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