Monster Beverage Corp. (NASDAQ:MNST) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report released on Thursday. They currently have a $43.62 price target on the stock. Vetr‘s target price indicates a potential downside of 2.50% from the stock’s current price.
MNST has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on Monster Beverage Corp. from $55.00 to $61.67 and gave the stock a “buy” rating in a research note on Friday, August 5th. Susquehanna reaffirmed a “hold” rating on shares of Monster Beverage Corp. in a research note on Wednesday, September 7th. Credit Suisse Group AG began coverage on Monster Beverage Corp. in a research note on Thursday, September 15th. They issued an “outperform” rating and a $62.33 price target on the stock. Jefferies Group reissued a “hold” rating and issued a $58.33 price target (up from $54.00) on shares of Monster Beverage Corp. in a research note on Thursday, August 18th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Monster Beverage Corp. in a research note on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage Corp. has a consensus rating of “Buy” and an average target price of $54.02.
Monster Beverage Corp. (NASDAQ:MNST) remained flat at $44.74 during midday trading on Thursday. 2,990,926 shares of the company traded hands. Monster Beverage Corp. has a 1-year low of $37.69 and a 1-year high of $55.50. The company has a market cap of $25.55 billion, a PE ratio of 40.16 and a beta of 0.89. The company’s 50-day moving average is $105.76 and its 200-day moving average is $141.91.
Monster Beverage Corp. (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.13. The company earned $788 million during the quarter, compared to analyst estimates of $819.90 million. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. Monster Beverage Corp.’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, analysts predict that Monster Beverage Corp. will post $1.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lone Pine Capital LLC increased its position in shares of Monster Beverage Corp. by 271.6% in the second quarter. Lone Pine Capital LLC now owns 4,141,575 shares of the company’s stock worth $665,593,000 after buying an additional 3,027,014 shares during the period. Jennison Associates LLC increased its position in shares of Monster Beverage Corp. by 9.2% in the second quarter. Jennison Associates LLC now owns 5,703,597 shares of the company’s stock worth $916,625,000 after buying an additional 480,182 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Monster Beverage Corp. by 6.2% in the second quarter. Loomis Sayles & Co. L P now owns 6,270,270 shares of the company’s stock worth $1,007,695,000 after buying an additional 368,831 shares during the period. Calamos Advisors LLC purchased a new position in shares of Monster Beverage Corp. during the second quarter worth approximately $51,110,000. Finally, Montag & Caldwell LLC boosted its position in shares of Monster Beverage Corp. by 77.4% in the second quarter. Montag & Caldwell LLC now owns 718,323 shares of the company’s stock worth $115,442,000 after buying an additional 313,518 shares in the last quarter. Hedge funds and other institutional investors own 22.16% of the company’s stock.
About Monster Beverage Corp.
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.
To view Vetr’s full report, visit Vetr’s official website.
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