Brokerages Set Monster Beverage Co. (NASDAQ:MNST) PT at $55.42

Monster Beverage Co. (NASDAQ:MNST) has received an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $55.42.

Several equities analysts recently weighed in on MNST shares. Bank of America lifted their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC initiated coverage on Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th.

Monster Beverage Trading Up 0.6 %

NASDAQ MNST opened at $46.57 on Monday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $50.85 and a 200 day moving average price of $51.05. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The stock has a market capitalization of $45.29 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.96 and a beta of 0.74.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by insiders.

Institutional Trading of Monster Beverage

Institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in Monster Beverage in the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage during the 4th quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $33,000. Institutional investors own 72.36% of the company’s stock.

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.