ValuEngine lowered shares of Monster Beverage (NASDAQ:MNST) from a buy rating to a hold rating in a report released on Thursday morning.

Several other research analysts also recently commented on the company. BMO Capital Markets downgraded Monster Beverage from an outperform rating to a market perform rating and set a $60.39 price objective on the stock. in a research note on Tuesday, March 12th. Credit Suisse Group began coverage on Monster Beverage in a research note on Wednesday, March 6th. They issued an outperform rating and a $78.00 price objective on the stock. UBS Group set a $52.00 price objective on Monster Beverage and gave the stock a sell rating in a research note on Thursday, February 28th. SunTrust Banks raised their price objective on Monster Beverage to $70.00 and gave the stock a buy rating in a research note on Thursday, February 28th. Finally, Morgan Stanley raised their price objective on Monster Beverage from $57.00 to $62.00 and gave the stock an equal weight rating in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Monster Beverage currently has a consensus rating of Buy and an average price target of $63.88.

NASDAQ MNST opened at $60.27 on Thursday. Monster Beverage has a 52 week low of $47.61 and a 52 week high of $66.38. The stock has a market capitalization of $32.41 billion, a PE ratio of 33.67, a P/E/G ratio of 1.90 and a beta of 1.55.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The firm had revenue of $924.23 million for the quarter, compared to the consensus estimate of $907.75 million. During the same quarter last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts expect that Monster Beverage will post 2.04 EPS for the current fiscal year.

In related news, Director Harold C. Taber, Jr. sold 11,772 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $63.58, for a total transaction of $748,463.76. Following the sale, the director now owns 72,240 shares of the company’s stock, valued at approximately $4,593,019.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 24,762 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $62.97, for a total value of $1,559,263.14. Following the sale, the insider now directly owns 77,363 shares in the company, valued at approximately $4,871,548.11. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake in Monster Beverage by 18.1% during the 4th quarter. Bessemer Group Inc. now owns 1,277 shares of the company’s stock valued at $62,000 after purchasing an additional 196 shares during the period. Utah Retirement Systems grew its holdings in Monster Beverage by 0.3% during the 4th quarter. Utah Retirement Systems now owns 74,395 shares of the company’s stock valued at $3,662,000 after buying an additional 200 shares in the last quarter. Securian Asset Management Inc grew its holdings in Monster Beverage by 0.7% during the 4th quarter. Securian Asset Management Inc now owns 41,170 shares of the company’s stock valued at $2,026,000 after buying an additional 286 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in Monster Beverage by 17.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,017 shares of the company’s stock valued at $118,000 after buying an additional 300 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Monster Beverage by 23.7% during the 4th quarter. Parallel Advisors LLC now owns 1,700 shares of the company’s stock valued at $83,000 after buying an additional 326 shares in the last quarter. 64.18% of the stock is currently owned by institutional investors.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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