Monster Beverage Co. (NASDAQ:MNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Monster Beverage Co. (NASDAQ:MNST) have received an average rating of “Moderate Buy” from the twenty-one analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $56.45.

MNST has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen lifted their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada dropped their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America raised their target price on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus boosted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Institutional Trading of Monster Beverage

Hedge funds have recently modified their holdings of the business. Peapack Gladstone Financial Corp raised its position in Monster Beverage by 22.9% during the third quarter. Peapack Gladstone Financial Corp now owns 6,064 shares of the company’s stock valued at $316,000 after buying an additional 1,131 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Monster Beverage during the 3rd quarter valued at about $307,000. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Monster Beverage by 10.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,071 shares of the company’s stock valued at $369,000 after purchasing an additional 664 shares during the period. Hohimer Wealth Management LLC lifted its position in shares of Monster Beverage by 3.6% in the third quarter. Hohimer Wealth Management LLC now owns 20,420 shares of the company’s stock worth $1,065,000 after purchasing an additional 714 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Monster Beverage by 7.2% during the third quarter. Rehmann Capital Advisory Group now owns 5,855 shares of the company’s stock worth $307,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST opened at $54.83 on Wednesday. The firm has a market capitalization of $53.32 billion, a PE ratio of 35.15, a P/E/G ratio of 2.58 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $52.90 and a 200 day moving average price of $51.02. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22.

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.