Stock analysts at Credit Suisse Group AG assumed coverage on shares of Monster Beverage Corp. (NASDAQ:MNST) in a note issued to investors on Thursday. The brokerage set an “outperform” rating and a $187.00 price target on the stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 27.81% from the stock’s current price.

Other analysts have also issued reports about the company. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $173.00 price objective on shares of Monster Beverage Corp. in a report on Thursday, June 9th. Stifel Nicolaus restated a “buy” rating and issued a $165.00 target price on shares of Monster Beverage Corp. in a research report on Monday, May 23rd. Wells Fargo & Co. restated a “buy” rating on shares of Monster Beverage Corp. in a research report on Monday, June 27th. Credit Agricole SA restated a “buy” rating and issued a $185.00 target price (up previously from $175.00) on shares of Monster Beverage Corp. in a research report on Friday, June 17th. Finally, BMO Capital Markets restated a “buy” rating and issued a $160.00 target price on shares of Monster Beverage Corp. in a research report on Wednesday, June 15th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $166.37.

Monster Beverage Corp. (NASDAQ:MNST) opened at 146.31 on Thursday. Monster Beverage Corp. has a 12 month low of $113.08 and a 12 month high of $166.50. The firm has a 50-day moving average price of $157.02 and a 200 day moving average price of $147.49. The company has a market cap of $27.85 billion, a P/E ratio of 45.66 and a beta of 0.65.

Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.03 by $0.04. Monster Beverage Corp. had a net margin of 22.73% and a return on equity of 15.46%. The business earned $945.80 million during the quarter, compared to analyst estimates of $804.24 million. During the same period in the previous year, the business posted $0.79 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts predict that Monster Beverage Corp. will post $3.90 EPS for the current year.

In related news, VP Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $159.66, for a total transaction of $1,596,600.00. Following the completion of the transaction, the vice president now directly owns 5,717 shares of the company’s stock, valued at approximately $912,776.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Monster Beverage Corp. during the fourth quarter valued at approximately $154,662,000. Chevy Chase Trust Holdings Inc. boosted its position in Monster Beverage Corp. by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 127,248 shares of the company’s stock valued at $16,973,000 after buying an additional 3,052 shares during the last quarter. DnB Asset Management AS bought a new position in Monster Beverage Corp. during the first quarter valued at approximately $1,776,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Monster Beverage Corp. by 14.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,774 shares of the company’s stock valued at $4,238,000 after buying an additional 3,917 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in Monster Beverage Corp. by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 36,560 shares of the company’s stock valued at $4,876,000 after buying an additional 2,936 shares during the last quarter. 67.45% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage Corp.

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.

5 Day Chart for NASDAQ:MNST

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