Monster Beverage (NASDAQ:MNST – Get Rating) had its price objective trimmed by Wells Fargo & Company from $105.00 to $100.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.
A number of other equities analysts also recently commented on the company. Morgan Stanley lifted their price target on Monster Beverage from $111.00 to $117.00 and gave the stock an overweight rating in a research note on Monday, June 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Monster Beverage from $109.00 to $107.00 in a research note on Friday, August 5th. Roth Capital assumed coverage on Monster Beverage in a research note on Tuesday, July 5th. They set a neutral rating and a $100.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Monster Beverage from $100.00 to $98.00 and set an outperform rating on the stock in a research note on Friday, August 5th. Finally, BMO Capital Markets increased their price objective on shares of Monster Beverage from $90.00 to $95.00 in a research note on Wednesday, June 15th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Monster Beverage has a consensus rating of Moderate Buy and a consensus price target of $100.73.
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Monster Beverage Stock Performance
NASDAQ:MNST opened at $89.07 on Monday. Monster Beverage has a one year low of $71.78 and a one year high of $99.81. The business's 50-day simple moving average is $90.65 and its 200 day simple moving average is $88.88. The stock has a market cap of $46.93 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 3.44 and a beta of 0.91.
Monster Beverage (NASDAQ:MNST – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.19). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Monster Beverage had a return on equity of 18.51% and a net
margin of 20.40%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. On average, equities research analysts predict that Monster Beverage will post 2.29 EPS for the current year.
Insider Buying and Selling at Monster Beverage
In other Monster Beverage news, CFO Thomas J. Kelly sold 16,996 shares of Monster Beverage stock in a transaction on Monday, September 12th. The shares were sold at an average price of $93.92, for a total transaction of $1,596,264.32. Following the completion of the sale, the chief financial officer now owns 25,777 shares of the company's stock, valued at approximately $2,420,975.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Thomas J. Kelly sold 16,996 shares of the firm's stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $93.92, for a total transaction of $1,596,264.32. Following the completion of the sale, the chief financial officer now directly owns 25,777 shares of the company's stock, valued at approximately $2,420,975.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Kelly sold 16,032 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,483,280.64. Following the transaction, the chief financial officer now owns 19,433 shares in the company, valued at approximately $1,797,941.16. The disclosure for this sale can be found here. Company insiders own 10.50% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNST. New England Professional Planning Group Inc. acquired a new position in shares of Monster Beverage in the 1st quarter valued at $388,000. Janiczek Wealth Management LLC increased its stake in shares of Monster Beverage by 311.4% in the 2nd quarter. Janiczek Wealth Management LLC now owns 288 shares of the company's stock valued at $29,000 after acquiring an additional 218 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $27,000. Tcwp LLC bought a new position in shares of Monster Beverage during the 1st quarter valued at about $31,000. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Monster Beverage during the second quarter worth $39,000. Institutional investors own 65.49% of the company's stock.
About Monster Beverage
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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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.
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