Monster Beverage (NASDAQ:MNST) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its target price reduced by Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a research report report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Truist Financial reduced their target price on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Bank of America increased their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. UBS Group boosted their price objective on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets cut their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Monster Beverage Stock Up 3.0 %

NASDAQ:MNST opened at $55.74 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. Monster Beverage has a 12-month low of $43.32 and a 12-month high of $61.22. The stock’s fifty day simple moving average is $51.69 and its 200-day simple moving average is $50.99. The firm has a market capitalization of $54.60 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.47 and a beta of 0.74.

Hedge Funds Weigh In On Monster Beverage

Several hedge funds have recently made changes to their positions in MNST. LRI Investments LLC acquired a new stake in shares of Monster Beverage in the first quarter valued at about $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $26,000. Kings Path Partners LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $30,000. Finally, Crewe Advisors LLC bought a new position in shares of Monster Beverage in the first quarter valued at $37,000. 72.36% of the stock is owned by institutional investors.

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.