Monster Beverage Corporation (MNST) PT Set at $51.00 by Susquehanna Bancshares Inc

Monster Beverage Corporation (NASDAQ:MNST) has been given a $51.00 target price by Susquehanna Bancshares Inc in a report released on Monday. The brokerage presently has a “sell” rating on the stock. Susquehanna Bancshares Inc’s price target suggests a potential downside of 16.76% from the company’s previous close.

Other research analysts have also issued reports about the company. Jefferies Group LLC raised their price target on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Credit Suisse Group set a $61.00 price target on Monster Beverage Corporation and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, UBS AG lowered Monster Beverage Corporation to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.74.

Shares of Monster Beverage Corporation (MNST) opened at $61.27 on Monday. The stock has a market capitalization of $34,492.00, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Monster Beverage Corporation has a one year low of $41.02 and a one year high of $62.80.

Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. research analysts anticipate that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

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In other news, Director Sydney Selati sold 10,000 shares of Monster Beverage Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now owns 52,000 shares in the company, valued at $2,912,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Atlantic Trust Group LLC increased its position in Monster Beverage Corporation by 4.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after acquiring an additional 19,966 shares during the period. BlackRock Inc. increased its position in Monster Beverage Corporation by 1.7% in the 2nd quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock valued at $1,089,848,000 after acquiring an additional 376,666 shares during the period. Cim Investment Mangement Inc. increased its position in Monster Beverage Corporation by 250.5% in the 2nd quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after acquiring an additional 16,426 shares during the period. Chilton Investment Co. LLC acquired a new position in Monster Beverage Corporation during the 2nd quarter worth approximately $35,322,000. Finally, Skylands Capital LLC acquired a new position in Monster Beverage Corporation during the 3rd quarter worth approximately $276,000. Hedge funds and other institutional investors own 64.89% of the company’s stock.

Monster Beverage Corporation Company Profile

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.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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