Analysts Set Monster Beverage Co. (NASDAQ:MNST) Target Price at $55.83

Shares of Monster Beverage Co. (NASDAQ:MNST) have earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $55.83.

Several analysts have recently weighed in on MNST shares. Citigroup lifted their target price on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. UBS Group raised their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the transaction, the chief financial officer now directly owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 in the last three months. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC grew its position in Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock valued at $622,000 after buying an additional 217 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in shares of Monster Beverage by 4.6% in the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock valued at $263,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $58.52 on Tuesday. The company has a current ratio of 3.13, a quick ratio of 2.51 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 $59.56. The stock has a market cap of $56.95 billion, a PE ratio of 37.51, a P/E/G ratio of 2.28 and a beta of 0.71. The company has a 50-day moving average price of $52.37 and a 200 day moving average price of $52.47.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts anticipate that Monster Beverage will post 1.62 earnings per share for the current year.

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.