Monster Beverage Corporation (NASDAQ:MNST) Receives $65.10 Consensus Target Price from Brokerages

Key Points

• Monster Beverage Corporation has received a consensus rating of "Hold" from 22 brokerages, with two analysts rating it as a sell, eight as a hold, and twelve as a buy.
• The stock's average one-year target price among analysts is $65.10, with recent price targets ranging from $60.00 to $72.00.
• In its latest earnings report, Monster Beverage surpassed consensus estimates with $2.11 billion in revenue and $0.52 earnings per share for the quarter.

Monster Beverage Corporation (NASDAQ:MNST - Get Free Report) has received a consensus rating of "Hold" from the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $65.0952.

Several equities analysts have commented on MNST shares. TD Cowen lifted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, May 9th. Roth Capital reiterated a "neutral" rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Bank of America upped their price objective on Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Rothschild & Co Redburn cut Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target on the stock. in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised Monster Beverage from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.

Monster Beverage Stock Down 0.6%

MNST stock traded down $0.39 during mid-day trading on Friday, reaching $61.73. 4,498,754 shares of the company traded hands, compared to its average volume of 7,074,523. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $66.75. The firm's 50 day moving average price is $61.62 and its 200 day moving average price is $59.39. The stock has a market cap of $60.28 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.03 and a beta of 0.55.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter last year, the firm earned $0.41 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that Monster Beverage will post 1.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares of the company's stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares in the company, valued at $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Monster Beverage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Access Investment Management LLC bought a new position in shares of Monster Beverage in the second quarter worth $25,000. Salomon & Ludwin LLC bought a new position in shares of Monster Beverage in the second quarter worth $28,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company's stock worth $28,000 after purchasing an additional 415 shares during the period. Wayfinding Financial LLC bought a new position in shares of Monster Beverage in the first quarter worth $29,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Monster Beverage by 647.3% in the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company's stock worth $35,000 after purchasing an additional 479 shares during the period. 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.