UBS Group Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Key Points

• UBS Group raised its price target for Monster Beverage stock from $67.00 to $72.00, indicating a potential upside of 5.35% from its current price, although it maintains a "neutral" rating.
• Monster Beverage reported earnings of $0.52 per share for the last quarter, surpassing estimates, with a revenue of $2.11 billion, reflecting an 11.1% year-over-year increase.
• Institutional ownership is strong, with 72.36% of the stock held by institutional investors, highlighting significant investment confidence in the company.

Monster Beverage (NASDAQ:MNST - Get Free Report) had its price target increased by UBS Group from $67.00 to $72.00 in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 5.35% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Rothschild & Co Redburn cut Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a research report on Wednesday, July 9th. Stifel Nicolaus started coverage on Monster Beverage in a research report on Thursday, June 12th. They set a "buy" rating and a $72.00 target price for the company. Royal Bank Of Canada set a $68.00 price target on 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 report on Friday, September 5th. Finally, Morgan Stanley upped their price target on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $65.43.

Monster Beverage Trading Up 0.3%

NASDAQ:MNST opened at $68.34 on Wednesday. The stock has a market cap of $66.73 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 2.33 and a beta of 0.54. The stock has a 50-day moving average price of $63.74 and a two-hundred day moving average price of $61.75. Monster Beverage has a 1 year low of $45.70 and a 1 year high of $68.28.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.Monster Beverage's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. Sell-side analysts forecast that Monster Beverage will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business'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 transaction of $637,300.00. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MNST. Czech National Bank increased its position in Monster Beverage by 5.5% during the 3rd quarter. Czech National Bank now owns 181,034 shares of the company's stock valued at $12,185,000 after purchasing an additional 9,370 shares during the period. Acropolis Investment Management LLC acquired a new stake in shares of Monster Beverage during the third quarter worth $367,000. Sage Capital Advisors llc raised its stake in Monster Beverage by 67.5% during the third quarter. Sage Capital Advisors llc now owns 6,068 shares of the company's stock worth $408,000 after buying an additional 2,446 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Monster Beverage by 21.5% in the third quarter. Assenagon Asset Management S.A. now owns 3,030,290 shares of the company's stock valued at $203,969,000 after buying an additional 536,444 shares during the period. Finally, Moody National Bank Trust Division boosted its position in Monster Beverage by 2.6% during the third quarter. Moody National Bank Trust Division now owns 29,408 shares of the company's stock valued at $1,979,000 after acquiring an additional 758 shares during the last quarter. 72.36% of the stock is owned by 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.

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