Monster Beverage Co. (NASDAQ:MNST) Receives $56.30 Average PT from Analysts

Monster Beverage Co. (NASDAQ:MNST) has earned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $56.30.

A number of research analysts recently issued reports on MNST shares. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America lifted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Needham & Company LLC assumed coverage on shares of Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating for the company. BNP Paribas cut their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Monster Beverage

A number of large investors have recently made changes to their positions in MNST. Commonwealth Equity Services LLC grew its position in Monster Beverage by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 59,920 shares of the company’s stock worth $2,993,000 after acquiring an additional 2,828 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Monster Beverage by 735.8% during the second quarter. Acadian Asset Management LLC now owns 23,470 shares of the company’s stock valued at $1,171,000 after purchasing an additional 20,662 shares in the last quarter. Caprock Group LLC lifted its position in Monster Beverage by 43.3% during the 2nd quarter. Caprock Group LLC now owns 13,324 shares of the company’s stock valued at $666,000 after acquiring an additional 4,025 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Monster Beverage by 3.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 13,727 shares of the company’s stock worth $686,000 after purchasing an additional 420 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of Monster Beverage in the second quarter worth $408,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Up 0.5 %

Shares of Monster Beverage stock opened at $49.99 on Thursday. Monster Beverage has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market capitalization of $48.62 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The business has a 50-day moving average of $53.18 and a two-hundred day moving average of $51.27.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.