Monster Beverage (NASDAQ:MNST) Price Target Lowered to $63.00 at Stifel Nicolaus

Monster Beverage (NASDAQ:MNST) had its target price trimmed by Stifel Nicolaus from $65.00 to $63.00 in a report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

MNST has been the subject of a number of other reports. Truist Financial lowered Monster Beverage from a buy rating to a sell rating and decreased their price objective for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. Jefferies Financial Group raised their price target on Monster Beverage from $66.00 to $69.00 and gave the company a buy rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $64.00 to $63.00 and set a buy rating for the company in a report on Monday, February 26th. Citigroup raised their target price on shares of Monster Beverage from $63.00 to $69.00 and gave the company a buy rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada upped their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $61.68.

Monster Beverage Stock Performance

MNST opened at $54.13 on Monday. The company has a market capitalization of $56.33 billion, a P/E ratio of 34.92, a PEG ratio of 2.18 and a beta of 0.72. The company has a 50-day moving average of $56.95 and a 200-day moving average of $55.72. Monster Beverage has a 1-year low of $47.13 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Monster Beverage will post 1.81 earnings per share for the current fiscal year.

Insider Activity

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the sale, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.40% of the stock is currently owned by company insiders.

Institutional Trading of Monster Beverage

Large investors have recently added to or reduced their stakes in the company. Delta Financial Advisors LLC grew its holdings in shares of Monster Beverage by 0.9% during the third quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,015,000 after buying an additional 180 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Monster Beverage by 5.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock valued at $211,000 after acquiring an additional 196 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares during the period. PFG Investments LLC increased its holdings in shares of Monster Beverage by 2.6% in the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after purchasing an additional 199 shares during the period. Finally, Mainsail Financial Group LLC grew its position in Monster Beverage by 1.2% during the third quarter. Mainsail Financial Group LLC now owns 18,169 shares of the company’s stock valued at $955,000 after purchasing an additional 211 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

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.