Monster Beverage Corporation (NASDAQ:MNST) Receives $73.95 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Monster Beverage Corporation (NASDAQ:MNST – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $73.9524.

Several equities research analysts recently commented on MNST shares. Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Jefferies Financial Group restated a “buy” rating and issued a $79.00 price target on shares of Monster Beverage in a report on Tuesday, November 4th. Piper Sandler set a $85.00 price objective on Monster Beverage in a report on Wednesday, December 3rd. The Goldman Sachs Group lifted their target price on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Monster Beverage from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, November 7th.

Check Out Our Latest Stock Analysis on MNST

Monster Beverage Price Performance

NASDAQ:MNST opened at $76.67 on Thursday. The business’s 50-day simple moving average is $72.79 and its 200-day simple moving average is $66.77. Monster Beverage has a fifty-two week low of $45.70 and a fifty-two week high of $78.31. The stock has a market capitalization of $74.91 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 2.32 and a beta of 0.48.

Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Monster Beverage will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Emelie Tirre sold 30,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 274,981 shares of company stock worth $20,138,516. 8.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MNST. RIA Advisory Group LLC acquired a new position in shares of Monster Beverage during the 3rd quarter worth approximately $344,000. Triumph Capital Management bought a new position in shares of Monster Beverage in the third quarter valued at $36,000. Allworth Financial LP increased its holdings in Monster Beverage by 33.2% during the third quarter. Allworth Financial LP now owns 6,771 shares of the company’s stock worth $456,000 after buying an additional 1,688 shares during the last quarter. IFP Advisors Inc increased its holdings in Monster Beverage by 154.1% during the third quarter. IFP Advisors Inc now owns 11,683 shares of the company’s stock worth $796,000 after buying an additional 7,085 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in Monster Beverage by 17.8% during the third quarter. Swiss Life Asset Management Ltd now owns 275,351 shares of the company’s stock worth $18,534,000 after acquiring an additional 41,593 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Company Profile

(Get Free Report)

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

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