Rothschild & Co Redburn Downgrades Monster Beverage (NASDAQ:MNST) to Neutral

Monster Beverage (NASDAQ:MNST - Get Free Report) was downgraded by equities researchers at Rothschild & Co Redburn from a "buy" rating to a "neutral" rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $60.00 target price on the stock. Rothschild & Co Redburn's price target would indicate a potential upside of 1.33% from the company's previous close.

MNST has been the subject of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, June 13th. UBS Group raised their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Morgan Stanley lifted their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Jefferies Financial Group lifted their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Truist Financial lifted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $61.87.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.36 during midday trading on Wednesday, reaching $59.21. 1,919,298 shares of the company were exchanged, compared to its average volume of 6,137,866. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $57.75 billion, a P/E ratio of 38.96, a PEG ratio of 2.18 and a beta of 0.59. Monster Beverage has a 1 year low of $43.32 and a 1 year high of $64.45. The stock has a fifty day simple moving average of $62.48 and a 200 day simple moving average of $56.69.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. On average, research analysts forecast that Monster Beverage will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the sale, the chief financial officer directly owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the completion of the sale, the insider directly owned 89,501 shares of the company's stock, valued at $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by insiders.

Institutional Trading of Monster Beverage

Several institutional investors have recently made changes to their positions in MNST. Wayfinding Financial LLC purchased a new stake in shares of Monster Beverage during the 1st quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Monster Beverage during the 4th quarter valued at $31,000. Coppell Advisory Solutions LLC grew its stake in shares of Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock valued at $36,000 after buying an additional 495 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Monster Beverage during the 4th quarter valued at $36,000. Finally, Webster Bank N. A. purchased a new stake in shares of Monster Beverage during the 2nd quarter valued at $38,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

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.