Monster Beverage Co. (NASDAQ:MNST) Receives $55.83 Consensus Target Price from Brokerages

Shares of Monster Beverage Co. (NASDAQ:MNST) have received an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $55.83.

Several equities analysts have recently weighed in on MNST shares. UBS Group increased their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Citigroup increased their price target on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, February 28th.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $58.58 on Tuesday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $52.02 and its two-hundred day moving average price is $52.33. The company has a market cap of $57.01 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $60.09.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, analysts predict that Monster Beverage will post 1.62 EPS for the current year.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the transaction, the chief financial officer now owns 72,273 shares of the company’s stock, valued at approximately $3,994,528.71. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 over the last quarter. 7.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after buying an additional 213 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of Monster Beverage by 1.9% during the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock worth $622,000 after buying an additional 217 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its stake in shares of Monster Beverage by 4.6% during the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock worth $263,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.