Monster Beverage (NASDAQ:MNST) had its price target boosted by BMO Capital Markets to $71.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 6.19% from the stock’s previous close.
MNST has been the subject of several other reports. Citigroup set a $60.00 price objective on shares of Monster Beverage and gave the stock a “buy” rating in a report on Wednesday, October 18th. Deutsche Bank began coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They set a “hold” rating and a $66.00 price objective for the company. Susquehanna Bancshares set a $51.00 price objective on shares of Monster Beverage and gave the stock a “sell” rating in a report on Monday, November 20th. Credit Suisse Group decreased their price objective on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price objective on shares of Monster Beverage in a report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.82.
Monster Beverage (MNST) traded up $0.39 during mid-day trading on Friday, reaching $66.86. 2,497,713 shares of the company’s stock traded hands, compared to its average volume of 2,420,485. The company has a market capitalization of $37,490.00, a P/E ratio of 48.80, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. Monster Beverage has a 12 month low of $41.02 and a 12 month high of $67.34.
Monster Beverage (NASDAQ:MNST) last posted 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. The company had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. equities research analysts forecast that Monster Beverage will post 1.48 earnings per share for the current year.
In related news, Chairman Rodney C. Sacks sold 189,861 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total transaction of $12,135,915.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Rodney C. Sacks sold 62,386 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $64.53, for a total transaction of $4,025,768.58. Following 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 quarter, insiders have sold 268,026 shares of company stock valued at $17,179,867. Corporate insiders own 9.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Monster Beverage by 173.7% in the 4th quarter. FMR LLC now owns 44,625,735 shares of the company’s stock valued at $1,978,704,000 after buying an additional 28,319,459 shares in the last quarter. BlackRock Inc. raised its stake in shares of Monster Beverage by 1,887.5% in the 1st quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock valued at $995,459,000 after buying an additional 20,475,879 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Monster Beverage by 214.4% in the 4th quarter. Loomis Sayles & Co. L P now owns 20,452,241 shares of the company’s stock valued at $906,852,000 after buying an additional 13,947,616 shares in the last quarter. Sands Capital Management LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $569,690,000. Finally, State Street Corp raised its stake in shares of Monster Beverage by 200.8% in the 4th quarter. State Street Corp now owns 16,704,037 shares of the company’s stock valued at $740,660,000 after buying an additional 11,150,044 shares in the last quarter. Hedge funds and other 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.