Monster Beverage Co. (NASDAQ:MNST) had its price objective lifted by analysts at Jefferies Group LLC from $60.00 to $62.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 35.55% from the company’s previous close.
MNST has been the topic of several other reports. Vetr raised shares of Monster Beverage from a “hold” rating to a “buy” rating and set a $48.41 price target on the stock in a research note on Wednesday, December 21st. Cowen and Company reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Monster Beverage in a research note on Tuesday, February 28th. Stifel Nicolaus decreased their target price on shares of Monster Beverage from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, February 27th. Zacks Investment Research raised shares of Monster Beverage from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Monster Beverage in a research note on Saturday, January 14th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.88.
Monster Beverage (NASDAQ:MNST) traded up 1.42% during trading on Wednesday, reaching $45.74. 2,049,058 shares of the company were exchanged. Monster Beverage has a one year low of $40.30 and a one year high of $55.50. The firm’s 50-day moving average is $46.27 and its 200 day moving average is $62.26. The company has a market capitalization of $25.92 billion, a P/E ratio of 38.44 and a beta of 0.77.
Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, March 1st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $753.80 million for the quarter, compared to the consensus estimate of $723.88 million. Monster Beverage had a net margin of 23.07% and a return on equity of 17.06%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts anticipate that Monster Beverage will post $1.48 EPS for the current fiscal year.
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In other news, Director Harold C. Taber, Jr. sold 15,000 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $47.08, for a total transaction of $706,200.00. Following the sale, the director now owns 70,001 shares in the company, valued at approximately $3,295,647.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark J. Hall sold 93,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $46.12, for a total transaction of $4,289,160.00. Following the sale, the insider now owns 866,808 shares in the company, valued at approximately $39,977,184.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 595,500 shares of company stock worth $27,586,110. Insiders own 9.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. FineMark National Bank & Trust boosted its stake in shares of Monster Beverage by 25.7% in the third quarter. FineMark National Bank & Trust now owns 30,590 shares of the company’s stock worth $3,771,000 after buying an additional 6,261 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Monster Beverage by 144.0% in the third quarter. Two Sigma Advisers LP now owns 316,695 shares of the company’s stock worth $46,494,000 after buying an additional 186,903 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Monster Beverage during the fourth quarter worth approximately $674,000. Frontier Capital Management Co. LLC boosted its stake in shares of Monster Beverage by 75.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 680,725 shares of the company’s stock worth $30,183,000 after buying an additional 293,058 shares during the period. Finally, Calamos Wealth Management LLC boosted its stake in shares of Monster Beverage by 317.1% in the fourth quarter. Calamos Wealth Management LLC now owns 44,743 shares of the company’s stock worth $1,984,000 after buying an additional 34,016 shares during the period. Hedge funds and other institutional investors own 28.01% of the company’s stock.
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.
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