Monster Beverage (NASDAQ:MNST) Upgraded to Buy at Rothschild & Co Redburn

Monster Beverage (NASDAQ:MNST - Get Free Report) was upgraded by Rothschild & Co Redburn from a "neutral" rating to a "buy" rating in a report released on Wednesday, Marketbeat Ratings reports. The firm currently has a $90.00 price target on the stock. Rothschild & Co Redburn's price target would suggest a potential upside of 18.73% from the company's current price.

Several other equities analysts have also issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $96.00 price target (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Wells Fargo & Company decreased their price target on Monster Beverage from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. UBS Group decreased their price target on Monster Beverage from $92.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, April 7th. Stifel Nicolaus decreased their price target on Monster Beverage from $92.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Finally, Piper Sandler increased their price target on Monster Beverage from $85.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Monster Beverage presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.90.

Monster Beverage Trading Up 0.8%

NASDAQ MNST opened at $75.80 on Wednesday. The firm's fifty day simple moving average is $76.46 and its two-hundred day simple moving average is $75.85. Monster Beverage has a 12-month low of $58.09 and a 12-month high of $87.38. The firm has a market capitalization of $74.13 billion, a P/E ratio of 39.07, a P/E/G ratio of 2.68 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The business's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that Monster Beverage will post 2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monster Beverage

Institutional investors and hedge funds have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. lifted its stake in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company's stock worth $25,000 after buying an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Monster Beverage during the third quarter worth $27,000. Harbor Investment Advisory LLC lifted its stake in shares of Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company's stock worth $27,000 after buying an additional 205 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company's stock worth $28,000 after buying an additional 415 shares during the period. Finally, First Horizon Corp acquired a new stake in shares of Monster Beverage during the third quarter worth $29,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

About Monster Beverage

Monster Beverage Corporation NASDAQ: MNST is an American beverage company best known for its Monster Energy brand of energy drinks. The company's product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen's Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

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