Monster Beverage (NASDAQ:MNST) Price Target Raised to $61.00

Monster Beverage (NASDAQ:MNST) had its price target increased by research analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $61.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.49% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. BNP Paribas decreased their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company increased their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. TD Cowen boosted their target price on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Argus increased their price target on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.63.

Monster Beverage Trading Up 0.5 %

MNST stock opened at $51.92 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a market cap of $50.49 billion, a P/E ratio of 33.28, a PEG ratio of 2.28 and a beta of 0.74. The business has a fifty day moving average of $50.21 and a 200-day moving average of $51.08.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, equities research analysts expect that Monster Beverage will post 1.62 EPS for the current year.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MNST. State Street Corp increased its position in shares of Monster Beverage by 6.9% during the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after buying an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC increased its holdings in Monster Beverage by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock worth $897,012,000 after buying an additional 1,383,914 shares during the last quarter. Finally, Invesco Ltd. raised its position in Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company’s stock worth $451,543,000 after acquiring an additional 734,406 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

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.