MNST has been the topic of a number of other reports. ValuEngine upgraded shares of Monster Beverage from a hold rating to a buy rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Monster Beverage from a sell rating to a hold rating in a report on Tuesday, May 7th. Jefferies Financial Group boosted their target price on shares of Monster Beverage from $65.00 to $70.00 and gave the stock a buy rating in a report on Friday, May 3rd. UBS Group dropped their target price on shares of Monster Beverage to $50.00 and set a sell rating on the stock in a report on Wednesday, March 27th. Finally, SunTrust Banks boosted their target price on shares of Monster Beverage to $70.00 and gave the stock a buy rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $64.17.
Shares of NASDAQ MNST traded up $0.43 during midday trading on Thursday, reaching $61.03. The company’s stock had a trading volume of 71,157 shares, compared to its average volume of 2,626,567. Monster Beverage has a one year low of $47.74 and a one year high of $66.38. The company has a market capitalization of $34.83 billion, a P/E ratio of 33.98, a PEG ratio of 2.16 and a beta of 1.39.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, May 2nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. The business had revenue of $946.00 million for the quarter, compared to the consensus estimate of $919.49 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, analysts forecast that Monster Beverage will post 2.09 EPS for the current year.
In related news, insider Emelie Tirre sold 24,762 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $62.70, for a total transaction of $1,552,577.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Guy Carling sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.82, for a total transaction of $1,579,680.00. Following the transaction, the insider now directly owns 33,535 shares in the company, valued at $2,207,273.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 443,103 shares of company stock worth $27,415,776. 10.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Berman Capital Advisors LLC purchased a new position in Monster Beverage during the fourth quarter valued at approximately $33,000. Executive Wealth Management LLC purchased a new position in Monster Beverage during the fourth quarter valued at approximately $35,000. Rockefeller Capital Management L.P. purchased a new position in Monster Beverage during the first quarter valued at approximately $44,000. Old North State Trust LLC purchased a new position in Monster Beverage during the first quarter valued at approximately $48,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Monster Beverage during the first quarter valued at approximately $55,000. 66.72% of the stock is currently owned by hedge funds and other institutional investors.
Monster Beverage Company Profile
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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