Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Monster Beverage (NASDAQ:MNST) Stock

Monster Beverage (NASDAQ:MNSTGet Free Report) had its price target increased by stock analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $94.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 8.41% from the stock’s current price.

Several other brokerages also recently issued reports on MNST. Stifel Nicolaus lowered their price objective on shares of Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Royal Bank Of Canada raised their price objective on shares of Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group decreased their price target on shares of Monster Beverage from $92.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. TD Cowen decreased their price target on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Finally, Rothschild & Co Redburn upgraded shares of Monster Beverage from a “neutral” rating to a “buy” rating and boosted their target price for the company from $76.00 to $90.00 in a research note on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.80.

Get Our Latest Stock Report on MNST

Monster Beverage Stock Up 14.1%

Shares of NASDAQ:MNST traded up $10.74 during trading on Friday, reaching $86.71. The stock had a trading volume of 2,106,088 shares, compared to its average volume of 5,671,608. Monster Beverage has a 52 week low of $58.09 and a 52 week high of $87.38. The firm has a market capitalization of $84.80 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 2.76 and a beta of 0.50. The stock has a fifty day simple moving average of $76.12 and a two-hundred day simple moving average of $75.94.

Monster Beverage (NASDAQ:MNSTGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts forecast that Monster Beverage will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MNST. Jones Financial Companies Lllp raised its holdings in shares of Monster Beverage by 397.9% in the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after buying an additional 12,148 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Monster Beverage by 23.9% during the 2nd quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock worth $417,000 after purchasing an additional 1,281 shares during the last quarter. Federated Hermes Inc. raised its holdings in Monster Beverage by 55.9% during the 2nd quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock worth $301,000 after purchasing an additional 1,721 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Monster Beverage by 151.7% during the 2nd quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,538 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage News Roundup

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About Monster Beverage

(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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