Monster Beverage (NASDAQ:MNST) Price Target Raised to $57.00 at UBS Group

by · The Cerbat Gem

Monster Beverage (NASDAQ:MNST – Free Report) had its price target hoisted by UBS Group from $55.00 to $57.00 in a research report sent to investors on Friday, MarketBeat reports. The firm currently has a neutral rating on the stock.

MNST has been the topic of a number of other research reports. Evercore ISI reduced their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets decreased their price target on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America increased their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

View Our Latest Analysis on Monster Beverage

Monster Beverage Stock Performance

NASDAQ:MNST opened at $55.74 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm has a market cap of $54.60 billion, a PE ratio of 35.73, a P/E/G ratio of 2.47 and a beta of 0.74. The firm has a 50 day simple moving average of $51.69 and a 200-day simple moving average of $50.99. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22.

Hedge Funds Weigh In On Monster Beverage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dai ichi Life Insurance Company Ltd lifted its stake in shares of Monster Beverage by 2.3% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after acquiring an additional 532 shares in the last quarter. Cetera Advisors LLC grew its position in shares of Monster Beverage by 128.1% during the first quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after buying an additional 11,528 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Monster Beverage in the first quarter worth $1,063,000. Swedbank AB raised its holdings in Monster Beverage by 23.1% in the second quarter. Swedbank AB now owns 121,731 shares of the company’s stock valued at $6,080,000 after acquiring an additional 22,823 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Monster Beverage by 50.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock valued at $5,013,000 after acquiring an additional 33,478 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

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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.

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