Zacks Research upgraded shares of Monster Beverage (NASDAQ:MNST – Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.
A number of other equities analysts also recently commented on MNST. JPMorgan Chase & Co. raised their target price on shares of Monster Beverage from $83.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research report on Monday, July 20th. Piper Sandler upped their price target on shares of Monster Beverage from $47.00 to $50.50 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wells Fargo & Company lowered their price target on Monster Beverage from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, Citigroup reissued a “buy” rating on shares of Monster Beverage in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.07.
Get Our Latest Report on Monster Beverage
Monster Beverage Stock Down 1.0%
Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the firm posted $0.26 EPS. Monster Beverage’s revenue was up 20.2% on a year-over-year basis. As a group, equities analysts expect that Monster Beverage will post 1.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Monster Beverage
A number of institutional investors have recently made changes to their positions in MNST. Johnson Financial Group Inc. bought a new position in shares of Monster Beverage during the second quarter valued at $27,000. Jones Financial Companies Lllp bought a new stake in shares of Monster Beverage in the second quarter worth $28,000. Trust Co. of Vermont bought a new stake in shares of Monster Beverage in the second quarter worth $30,000. NBH Bank bought a new stake in shares of Monster Beverage in the second quarter worth $32,000. Finally, Clearstead Trust LLC acquired a new stake in Monster Beverage in the second quarter valued at $32,000. 72.36% of the stock is currently owned by institutional investors.
Monster Beverage Company Profile
Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.
The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.
Featured Stories
- Five stocks we like better than Monster Beverage
- Tax Credit Turmoil: Why Enphase and SolarEdge Face a Tough Road
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.
