Shares of Monster Beverage Corp (NASDAQ:MNST) have been given an average recommendation of “Hold” by the seventeen brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $64.80.

MNST has been the topic of a number of research reports. Wells Fargo & Co reduced their target price on shares of Monster Beverage from $59.00 to $58.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. BidaskClub cut shares of Monster Beverage from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Credit Suisse Group reaffirmed an “outperform” rating and set a $77.00 price objective on shares of Monster Beverage in a report on Wednesday, August 28th. Guggenheim lowered Monster Beverage from a “buy” rating to a “neutral” rating and cut their price target for the company from $74.00 to $60.00 in a research note on Wednesday, October 2nd. Finally, Cowen lowered Monster Beverage from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $69.00 to $65.00 in a research report on Thursday, October 17th.

Shares of Monster Beverage stock traded up $0.12 during trading on Monday, reaching $60.04. The company’s stock had a trading volume of 2,545,284 shares, compared to its average volume of 3,364,639. The stock has a 50-day moving average price of $57.81 and a two-hundred day moving average price of $60.13. The stock has a market capitalization of $32.28 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.16. Monster Beverage has a one year low of $47.74 and a one year high of $66.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Monster Beverage had a net margin of 26.58% and a return on equity of 28.23%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. Sell-side analysts forecast that Monster Beverage will post 2.04 EPS for the current fiscal year.

In other news, insider Emelie Tirre sold 10,500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $58.58, for a total value of $615,090.00. Following the completion of the transaction, the insider now owns 63,101 shares of the company’s stock, valued at approximately $3,696,456.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas J. Kelly sold 33,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $60.07, for a total transaction of $1,982,310.00. Following the completion of the sale, the executive vice president now owns 58,249 shares of the company’s stock, valued at approximately $3,499,017.43. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Westside Investment Management Inc. acquired a new stake in shares of Monster Beverage during the second quarter worth about $26,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Monster Beverage during the 2nd quarter worth approximately $32,000. Coastal Capital Group Inc. acquired a new stake in Monster Beverage during the 2nd quarter worth approximately $34,000. Motco raised its holdings in Monster Beverage by 47.1% during the 2nd quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after buying an additional 171 shares during the period. Finally, Capital Bank & Trust Co lifted its stake in Monster Beverage by 114.3% in the second quarter. Capital Bank & Trust Co now owns 1,020 shares of the company’s stock valued at $65,000 after buying an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 65.94% of the company’s stock.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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