1 week Ago By ABMN Staff
Monster Beverage Co. ( NASDAQ:MNST – Get Free Report ) has been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports.
Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $55.85.
A number of brokerages have recently commented on MNST. TD Cowen reduced their target price on shares of Monster Beverage from $60.00 to $55.
00 and set a “hold” rating for the company in a report on Monday, July 15th. Royal Bank of Canada reduced their price objective on Monster Beverage from $64.00 to $60.
00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their target price on Monster Beverage from $59.00 to $57.
00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price target on Monster Beverage from $63.00 to $59.
00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup lowered their price objective on shares of Monster Beverage from $60.00 to $54.
00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. View Our Latest Stock Report on MNST Monster Beverage Trading Up 0.9 % Monster Beverage ( NASDAQ:MNST – Get Free Report ) last announced its earnings results on Wednesday, August 7th.
The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.
04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.
84%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.
01 billion. During the same quarter last year, the business posted $0.39 earnings per share.
The business’s revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that Monster Beverage will post 1.
66 EPS for the current year. Insider Buying and Selling In related news, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.
85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.
95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In related news, Director Mark Vidergauz sold 15,077 shares of the stock in a transaction dated Tuesday, June 11th.
The shares were sold at an average price of $51.85, for a total value of $781,742.45.
Following the sale, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink .
Also, CEO Hilton H. Schlosberg sold 42,144 shares of Monster Beverage stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.
00, for a total transaction of $2,233,632.00. Following the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574.
The disclosure for this sale can be found here . Insiders own 7.80% of the company’s stock.
Institutional Investors Weigh In On Monster Beverage A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Monster Beverage by 59.9% in the fourth quarter.
Tower Research Capital LLC TRC now owns 132,086 shares of the company’s stock worth $7,609,000 after acquiring an additional 49,495 shares during the last quarter. Alaethes Wealth LLC purchased a new position in Monster Beverage in the 4th quarter valued at about $1,528,000. Norges Bank purchased a new position in Monster Beverage in the 4th quarter valued at about $517,035,000.
First Trust Advisors LP boosted its stake in shares of Monster Beverage by 1.3% during the 4th quarter. First Trust Advisors LP now owns 3,904,636 shares of the company’s stock worth $224,946,000 after purchasing an additional 50,454 shares during the last quarter.
Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Monster Beverage by 156.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 114,100 shares of the company’s stock worth $6,764,000 after buying an additional 69,674 shares in the last quarter.
Hedge funds and other institutional investors own 72.36% of the company’s stock. About Monster Beverage ( Get Free Report 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. Featured Articles Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter .
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