Monster Beverage Co. (NASDAQ:MNST) Given Average Rating of “Hold” by Analysts

Shares of Monster Beverage Co. (NASDAQ:MNST) have received a consensus rating of “Hold” from the twenty-one research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $56.47.

A number of analysts have weighed in on MNST shares. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus lifted their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen increased their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Argus boosted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

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

Monster Beverage Stock Down 0.6 %

Shares of Monster Beverage stock opened at $54.82 on Friday. The business has a 50-day moving average price of $50.39 and a 200 day moving average price of $51.33. Monster Beverage has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a market cap of $53.31 billion, a P/E ratio of 35.14, a P/E/G ratio of 2.28 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. On average, sell-side analysts forecast that Monster Beverage will post 1.62 earnings per share for the current fiscal year.

About Monster Beverage

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.