Monster Beverage (NASDAQ:MNST) PT Raised to $55.00

Monster Beverage (NASDAQ:MNST) had its price objective hoisted by investment analysts at UBS Group from $51.00 to $55.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 11.13% from the company’s current price.

Other analysts have also recently issued reports about the stock. TD Cowen cut their price target on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Truist Financial cut their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Bank of America decreased their price target on Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Citigroup decreased their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.84.

Monster Beverage Stock Performance

Shares of MNST stock opened at $49.49 on Monday. The company’s fifty day moving average price is $49.32 and its two-hundred day moving average price is $51.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm has a market capitalization of $51.56 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.40 and a beta of 0.74. Monster Beverage has a 12 month low of $43.32 and a 12 month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.39 EPS. Monster Beverage’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Monster Beverage will post 1.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $1,644,000. Ossiam increased its position in shares of Monster Beverage by 5.1% during the 4th quarter. Ossiam now owns 20,231 shares of the company’s stock valued at $1,166,000 after purchasing an additional 981 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in shares of Monster Beverage by 4.4% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 68,591 shares of the company’s stock valued at $3,952,000 after buying an additional 2,887 shares during the period. State of Tennessee Treasury Department lifted its holdings in Monster Beverage by 89.1% in the 4th quarter. State of Tennessee Treasury Department now owns 360,076 shares of the company’s stock valued at $20,744,000 after acquiring an additional 169,621 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $4,010,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Company Profile

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.