JPMorgan Chase & Co. Lowers Monster Beverage (NASDAQ:MNST) Price Target to $49.00

Monster Beverage (NASDAQ:MNST) had its target price decreased by JPMorgan Chase & Co. from $50.00 to $49.00 in a report published on Monday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research firms have also weighed in on MNST. Roth Mkm lowered their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. BMO Capital Markets decreased their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group cut their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup reduced their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, TD Cowen dropped their price target on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $55.79.

Monster Beverage Trading Up 0.6 %

MNST stock opened at $54.44 on Monday. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $51.40 and its 200-day moving average is $51.00. The firm has a market cap of $53.33 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.47 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results 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). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. Equities analysts anticipate that Monster Beverage will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monster Beverage

Several large investors have recently bought and sold shares of MNST. LRI Investments LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC bought a new position in Monster Beverage during the second quarter worth about $26,000. Kings Path Partners LLC acquired a new stake in shares of Monster Beverage during the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage during the 2nd quarter valued at about $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at approximately $37,000. Institutional investors own 72.36% of the company’s stock.

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.