Monster Beverage (NASDAQ:MNST) Rating Reiterated by Morgan Stanley

Monster Beverage (NASDAQ:MNST)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Morgan Stanley in a report released on Thursday, Briefing.com Automated Import reports. They presently have a $62.00 price objective on the stock, down from their prior price objective of $67.00. Morgan Stanley’s price target points to a potential upside of 4.68% from the company’s current price.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Investment Research upgraded Monster Beverage from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Credit Suisse Group set a $77.00 target price on Monster Beverage and gave the company a “buy” rating in a report on Friday, May 3rd. ValuEngine lowered Monster Beverage from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Finally, Macquarie set a $63.00 target price on Monster Beverage and gave the company a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $65.21.

Shares of NASDAQ:MNST traded down $2.95 on Thursday, reaching $59.23. 5,165,536 shares of the company traded hands, compared to its average volume of 2,693,369. Monster Beverage has a fifty-two week low of $47.74 and a fifty-two week high of $66.38. The firm has a 50 day simple moving average of $64.01. The stock has a market cap of $32.83 billion, a PE ratio of 33.09, a PEG ratio of 2.03 and a beta of 1.30.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). Monster Beverage had a net margin of 26.58% and a return on equity of 28.71%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company posted $0.48 EPS. Monster Beverage’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage will post 2.09 earnings per share for the current year.

In other news, insider Guy Carling sold 24,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $65.82, for a total value of $1,579,680.00. Following the completion of the sale, the insider now owns 33,535 shares in the company, valued at $2,207,273.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.20% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Schmidt P J Investment Management Inc. raised its holdings in shares of Monster Beverage by 3.2% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,168 shares of the company’s stock worth $330,000 after acquiring an additional 159 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Monster Beverage by 3.1% during the second quarter. Raymond James Trust N.A. now owns 5,579 shares of the company’s stock worth $356,000 after acquiring an additional 169 shares in the last quarter. Motco raised its holdings in shares of Monster Beverage by 47.1% during the second quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after acquiring an additional 171 shares in the last quarter. Stone Ridge Asset Management LLC raised its holdings in shares of Monster Beverage by 1.0% during the second quarter. Stone Ridge Asset Management LLC now owns 19,888 shares of the company’s stock worth $1,269,000 after acquiring an additional 200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Monster Beverage by 2.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,943 shares of the company’s stock worth $507,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 66.28% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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