Monster Beverage Corporation (NASDAQ:MNST) has been assigned a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong 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 $61.33.

MNST has been the topic of a number of research analyst reports. Jefferies Group reissued a “buy” rating and set a $65.00 price objective on shares of Monster Beverage in a report on Friday, October 13th. Cowen reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a report on Friday, October 27th. Deutsche Bank initiated coverage on shares of Monster Beverage in a report on Wednesday, December 13th. They set a “hold” rating and a $66.00 price objective on the stock. Macquarie initiated coverage on shares of Monster Beverage in a report on Thursday, September 14th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Citigroup set a $60.00 price objective on shares of Monster Beverage and gave the company a “buy” rating in a report on Wednesday, October 18th.

Shares of Monster Beverage (MNST) traded up $0.13 on Monday, hitting $63.49. 1,669,259 shares of the stock were exchanged, compared to its average volume of 1,599,946. The stock has a market capitalization of $35,732.71, a price-to-earnings ratio of 46.01, a PEG ratio of 1.98 and a beta of 0.94. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $64.79.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. equities research analysts anticipate that Monster Beverage will post 1.48 earnings per share for the current fiscal year.

In other Monster Beverage news, Chairman Rodney C. Sacks sold 898 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $57,929.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rodney C. Sacks sold 697 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $44,963.47. Following the completion of the transaction, the chief executive officer now owns 963,789 shares of the company’s stock, valued at approximately $62,174,028.39. The disclosure for this sale can be found here. Insiders have sold 191,657 shares of company stock valued at $12,251,775 over the last 90 days. 9.40% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC raised its position in shares of Monster Beverage by 5.9% in the third quarter. Atlantic Trust Group LLC now owns 512,648 shares of the company’s stock worth $28,324,000 after acquiring an additional 28,429 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Monster Beverage by 13.7% in the third quarter. Parametric Portfolio Associates LLC now owns 873,556 shares of the company’s stock worth $48,264,000 after acquiring an additional 105,389 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Monster Beverage by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 307,593 shares of the company’s stock worth $16,995,000 after acquiring an additional 8,444 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Monster Beverage in the third quarter worth about $1,790,000. Finally, TT International raised its position in shares of Monster Beverage by 73.2% in the third quarter. TT International now owns 83,418 shares of the company’s stock worth $4,608,000 after acquiring an additional 35,261 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

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About Monster Beverage

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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