Monster Beverage Corporation (NASDAQ:MNST) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Monster Beverage Corporation has received a consensus recommendation of “Hold” from twenty-two analysts, with two analysts rating it a sell, eight holding, and twelve giving a buy rating.
• In its latest earnings report, Monster Beverage reported earnings per share of $0.52, exceeding analysts' expectations, along with a quarterly revenue of $2.11 billion, indicating an 11.1% increase year-over-year.
• Director Mark Vidergauz recently sold 10,000 shares of Monster Beverage stock for approximately $637,300, reducing his ownership by over 16% to about 51,191 shares.

Monster Beverage Corporation (NASDAQ:MNST - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-two research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $65.0952.

MNST has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada set a $68.00 target price on shares of Monster Beverage and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen lowered shares of Monster Beverage from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Piper Sandler upgraded shares of Monster Beverage from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $54.00 to $74.00 in a research report on Thursday, August 7th. Finally, Rothschild & Co Redburn lowered shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective for the company. in a research report on Wednesday, July 9th.

Monster Beverage Stock Performance

MNST opened at $64.35 on Tuesday. The firm has a market cap of $62.83 billion, a P/E ratio of 39.97, a PEG ratio of 2.25 and a beta of 0.54. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $66.75. The firm has a 50-day moving average of $61.72 and a 200 day moving average of $60.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Equities research analysts predict that Monster Beverage will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company's stock.

Hedge Funds Weigh In On Monster Beverage

A number of large investors have recently modified their holdings of MNST. Access Investment Management LLC bought a new position in shares of Monster Beverage in the second quarter valued at approximately $25,000. Salomon & Ludwin LLC purchased a new stake in Monster Beverage in the second quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. raised its stake in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company's stock valued at $28,000 after purchasing an additional 415 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Monster Beverage in the first quarter valued at approximately $29,000. Finally, Golden State Wealth Management LLC raised its stake in Monster Beverage by 647.3% in the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company's stock valued at $35,000 after purchasing an additional 479 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

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.

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