Monster Beverage Co. (NASDAQ:MNST) Receives Consensus Rating of “Moderate Buy” from Analysts

Monster Beverage Co. (NASDAQ:MNST) has earned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $55.85.

A number of brokerages have recently issued reports on MNST. Truist Financial reduced their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus dropped their price target on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, June 17th. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company dropped their price target on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNST. International Assets Investment Management LLC increased its stake in shares of Monster Beverage by 1,220.2% in the fourth quarter. International Assets Investment Management LLC now owns 36,755 shares of the company’s stock valued at $2,117,000 after buying an additional 33,971 shares during the period. Merit Financial Group LLC acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $371,000. Private Advisor Group LLC boosted its holdings in Monster Beverage by 10.0% in the fourth quarter. Private Advisor Group LLC now owns 31,999 shares of the company’s stock valued at $1,843,000 after acquiring an additional 2,912 shares during the last quarter. Lincoln National Corp bought a new stake in Monster Beverage in the fourth quarter valued at approximately $358,000. Finally, Apollon Wealth Management LLC boosted its holdings in Monster Beverage by 65.3% in the fourth quarter. Apollon Wealth Management LLC now owns 14,712 shares of the company’s stock valued at $848,000 after acquiring an additional 5,810 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.8 %

Shares of Monster Beverage stock opened at $50.33 on Friday. The firm has a 50-day moving average of $48.94 and a 200-day moving average of $52.56. The stock has a market cap of $49.30 billion, a PE ratio of 31.65, a PEG ratio of 2.25 and a beta of 0.74. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. As a group, sell-side analysts forecast that Monster Beverage will post 1.66 EPS for the current year.

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.