Monster Beverage Corp (MNST) Given Consensus Rating of “Hold” by Analysts

Shares of Monster Beverage Corp (NASDAQ:MNST) have earned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $62.10.

A number of research analysts have recently issued reports on the company. BidaskClub raised Monster Beverage from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Monster Beverage in a research note on Tuesday, April 2nd. Macquarie cut Monster Beverage from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $68.00 to $53.00 in a research note on Sunday, March 31st. Zacks Investment Research cut Monster Beverage from a “buy” rating to a “hold” rating in a research note on Thursday, March 28th. Finally, Morgan Stanley cut their target price on Monster Beverage from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th.

Shares of NASDAQ:MNST traded up $0.31 on Friday, reaching $55.20. 4,216,261 shares of the company traded hands, compared to its average volume of 5,266,360. Monster Beverage has a 52 week low of $47.61 and a 52 week high of $66.38. The stock has a market capitalization of $29.98 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The firm had revenue of $924.23 million for the quarter, compared to analysts’ expectations of $907.75 million. During the same period last year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Monster Beverage will post 2.01 EPS for the current fiscal year.

In related news, insider Emelie Tirre sold 24,762 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $62.97, for a total value of $1,559,263.14. Following the sale, the insider now directly owns 77,363 shares of the company’s stock, valued at $4,871,548.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas J. Kelly sold 25,719 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $59.68, for a total value of $1,534,909.92. Following the completion of the sale, the executive vice president now directly owns 35,370 shares in the company, valued at $2,110,881.60. The disclosure for this sale can be found here. Insiders sold 62,253 shares of company stock worth $3,842,637 over the last three months. 9.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Berman Capital Advisors LLC bought a new stake in Monster Beverage during the 4th quarter valued at approximately $33,000. Executive Wealth Management LLC bought a new stake in Monster Beverage during the 4th quarter valued at approximately $35,000. Baystate Wealth Management LLC boosted its position in Monster Beverage by 555.6% during the 4th quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock valued at $39,000 after acquiring an additional 600 shares in the last quarter. Old North State Trust LLC bought a new stake in Monster Beverage during the 1st quarter valued at approximately $48,000. Finally, Rockland Trust Co. bought a new stake in Monster Beverage during the 4th quarter valued at approximately $49,000. 66.25% of the stock is currently owned by institutional investors and hedge funds.

About Monster Beverage

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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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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