Monster Beverage Corporation (NASDAQ:MNST) Receives $62.05 Average PT from Analysts

Monster Beverage Corporation (NASDAQ:MNST) has been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $62.05.

Several equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. CICC Research upgraded shares of Monster Beverage from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $56.00 to $65.00 in a report on Monday, May 12th. UBS Group lifted their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Piper Sandler lifted their price target on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Finally, Roth Capital lifted their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th.

Insider Activity

In other news, insider Emelie Tirre sold 8,796 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the sale, the insider owned 89,501 shares of the company’s stock, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction 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 $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Monster Beverage by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after buying an additional 1,151,175 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock valued at $897,012,000 after buying an additional 1,383,914 shares during the period. Invesco Ltd. boosted its holdings in shares of Monster Beverage by 6.6% in the 1st quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after buying an additional 563,353 shares during the period. Nuveen LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at about $497,157,000. Finally, Norges Bank acquired a new position in shares of Monster Beverage in the 4th quarter valued at about $442,642,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $62.57 on Thursday. 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 firm has a market capitalization of $61.02 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 2.23 and a beta of 0.59. The firm’s fifty day simple moving average is $62.36 and its 200 day simple moving average is $56.51. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $64.45.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities research analysts expect that Monster Beverage will post 1.62 earnings per share for the current fiscal year.

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.