Susquehanna Bancshares Inc set a $42.00 price target on Monster Beverage Corporation (NASDAQ:MNST) in a research note issued to investors on Monday, June 19th. The firm currently has a hold rating on the stock.
Other equities research analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) raised their price target on Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a buy rating in a research report on Monday, May 15th. Zacks Investment Research lowered Monster Beverage Corporation from a hold rating to a sell rating in a research report on Tuesday, February 21st. Royal Bank Of Canada reissued an outperform rating and issued a $61.00 target price on shares of Monster Beverage Corporation in a research report on Friday, March 3rd. Credit Suisse Group reissued a buy rating and issued a $59.00 target price on shares of Monster Beverage Corporation in a research report on Tuesday, April 4th. Finally, Jefferies Group LLC reissued a buy rating and issued a $62.00 target price on shares of Monster Beverage Corporation in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $56.48.
Shares of Monster Beverage Corporation (NASDAQ:MNST) opened at 49.98 on Monday. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $55.50. The stock has a 50 day moving average of $49.98 and a 200 day moving average of $46.24. The firm has a market cap of $28.38 billion, a PE ratio of 40.24 and a beta of 0.95.
Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business had revenue of $742.10 million for the quarter, compared to analysts’ expectations of $738.54 million. During the same quarter last year, the business earned $0.79 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Monster Beverage Corporation will post $1.49 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in MNST. FMR LLC increased its stake in Monster Beverage Corporation by 0.4% in the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock valued at $2,069,342,000 after buying an additional 194,334 shares during the period. Vanguard Group Inc. increased its stake in Monster Beverage Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 27,660,996 shares of the company’s stock valued at $1,277,108,000 after buying an additional 799,703 shares during the period. BlackRock Inc. increased its stake in Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock valued at $995,459,000 after buying an additional 20,475,879 shares during the period. Loomis Sayles & Co. L P increased its stake in Monster Beverage Corporation by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 20,621,437 shares of the company’s stock valued at $952,091,000 after buying an additional 169,196 shares during the period. Finally, State Street Corp increased its stake in Monster Beverage Corporation by 1.2% in the first quarter. State Street Corp now owns 16,907,767 shares of the company’s stock valued at $780,633,000 after buying an additional 203,730 shares during the period. Institutional investors and hedge funds own 65.71% of the company’s stock.
About Monster Beverage Corporation
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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