Monster Beverage Corporation (NASDAQ:MNST) Stock Has Consensus Target Price of $50.33

Monster Beverage Corporation (NASDAQ:MNST – Get Free Report) has been given an average rating of “Moderate Buy” by the twenty-two research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $50.33.

MNST has been the topic of several recent analyst reports. Morgan Stanley set a $51.50 target price on Monster Beverage and gave the stock an “overweight” rating in a report on Monday, June 1st. Wells Fargo & Company increased their price target on Monster Beverage from $48.50 to $52.50 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. TD Cowen raised their price target on Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. Piper Sandler lifted their price objective on Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th.

Read Our Latest Analysis on Monster Beverage

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Monster Beverage in the 2nd quarter worth about $5,770,004,000. Geode Capital Management LLC grew its position in shares of Monster Beverage by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 19,625,097 shares of the company’s stock worth $1,509,369,000 after purchasing an additional 330,766 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $1,195,360,000. Wellington Management Group LLP increased its holdings in shares of Monster Beverage by 27.8% during the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after purchasing an additional 1,624,416 shares during the period. Finally, Norges Bank bought a new position in shares of Monster Beverage during the fourth quarter worth approximately $691,104,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

MNST opened at $41.86 on Friday. The firm’s fifty day moving average is $45.83 and its two-hundred day moving average is $43.55. The firm has a market cap of $82.01 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.81 and a beta of 0.52. Monster Beverage has a twelve month low of $32.75 and a twelve month high of $50.17.

Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that Monster Beverage will post 1.11 EPS for the current fiscal year.

About Monster Beverage

(Get Free Report)

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.

See Also

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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.