Monster Beverage (NASDAQ:MNST – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.
Other equities research analysts have also issued reports about the company. UBS Group upped their price target on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. Evercore decreased their target price on Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. Weiss Ratings raised shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company dropped their target price on shares of Monster Beverage from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.
Read Our Latest Stock Report on Monster Beverage
Monster Beverage Trading Down 1.0%
Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. Sell-side analysts predict that Monster Beverage will post 1.16 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in shares of Monster Beverage by 6.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company’s stock worth $15,173,000 after buying an additional 12,050 shares during the last quarter. Oxbow Advisors LLC boosted its stake in Monster Beverage by 70.7% during the 1st quarter. Oxbow Advisors LLC now owns 85,814 shares of the company’s stock valued at $6,218,000 after acquiring an additional 35,528 shares during the last quarter. Whittier Trust Co. boosted its stake in Monster Beverage by 2,304.9% during the 1st quarter. Whittier Trust Co. now owns 231,852 shares of the company’s stock valued at $17,194,000 after acquiring an additional 222,211 shares during the last quarter. Swedbank AB grew its holdings in Monster Beverage by 19.6% during the 1st quarter. Swedbank AB now owns 472,529 shares of the company’s stock worth $34,239,000 after acquiring an additional 77,485 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Monster Beverage by 6.5% during the 4th quarter. Hsbc Holdings PLC now owns 1,236,988 shares of the company’s stock worth $94,887,000 after acquiring an additional 75,535 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other 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.
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