Several other equities research analysts have also recently commented on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $65.00 price objective on shares of Monster Beverage Corporation in a research report on Friday, October 13th. Stifel Nicolaus reaffirmed a buy rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Saturday, September 23rd. Royal Bank Of Canada reissued a buy rating and set a $61.00 price target on shares of Monster Beverage Corporation in a research report on Friday, September 22nd. Macquarie began coverage on shares of Monster Beverage Corporation in a research report on Thursday, September 14th. They set an outperform rating and a $65.00 price target on the stock. Finally, Credit Suisse Group cut shares of Monster Beverage Corporation to a hold rating in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Monster Beverage Corporation currently has a consensus rating of Buy and an average price target of $57.06.
Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down $0.15 during midday trading on Wednesday, hitting $57.52. 1,614,769 shares of the stock were exchanged, compared to its average volume of 1,398,086. The company has a market capitalization of $32,766.31, a PE ratio of 41.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $58.54.
Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. research analysts expect that Monster Beverage Corporation will post 1.47 earnings per share for the current fiscal year.
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In other news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Alps Advisors Inc. lifted its holdings in shares of Monster Beverage Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock worth $514,000 after acquiring an additional 27 shares during the period. United Capital Financial Advisers LLC lifted its stake in Monster Beverage Corporation by 0.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock valued at $456,000 after purchasing an additional 38 shares during the last quarter. Accuvest Global Advisors lifted its stake in Monster Beverage Corporation by 0.4% in the 2nd quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock valued at $510,000 after purchasing an additional 38 shares during the last quarter. Wendell David Associates Inc. lifted its stake in Monster Beverage Corporation by 0.9% in the 2nd quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock valued at $361,000 after purchasing an additional 64 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Monster Beverage Corporation by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock valued at $630,000 after purchasing an additional 66 shares during the last quarter. 65.84% of the stock is owned by institutional investors.
Monster Beverage Corporation Company Profile
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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