Monster Beverage (NASDAQ:MNST) had its price objective hoisted by stock analysts at Macquarie from $65.00 to $73.00 in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 14.03% from the company’s current price.
Other research analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $57.00 price objective on shares of Monster Beverage in a research note on Saturday, September 23rd. Credit Suisse Group downgraded shares of Monster Beverage to a “hold” rating in a research note on Friday, September 8th. Jefferies Group reiterated a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a research note on Thursday, November 9th. Cowen restated an “outperform” rating and issued a $67.00 price target (up from $58.00) on shares of Monster Beverage in a research report on Thursday, November 9th. Finally, Citigroup downgraded shares of Monster Beverage to a “neutral” rating and reduced their price target for the stock from $56.00 to $51.00 in a research report on Monday, November 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.11.
Monster Beverage (NASDAQ MNST) traded down $0.19 during midday trading on Thursday, reaching $64.02. 1,336,300 shares of the company’s stock were exchanged, compared to its average volume of 2,195,802. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $64.79. The company has a market cap of $36,212.09, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.
Institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC increased its stake in Monster Beverage by 4.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after buying an additional 19,966 shares during the period. BlackRock Inc. increased its stake in 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 buying an additional 376,666 shares during the period. Cim Investment Mangement Inc. increased its stake in Monster Beverage by 250.5% during the 2nd quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after buying an additional 16,426 shares during the period. Chilton Investment Co. LLC acquired a new position in Monster Beverage during the 2nd quarter valued at about $35,322,000. Finally, Skylands Capital LLC acquired a new position in Monster Beverage during the 3rd quarter valued at about $276,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
