UBS Group AG cut shares of Monster Beverage Corporation (NASDAQ:MNST) to a neutral rating in a report released on Monday, The Fly reports.

A number of other analysts also recently weighed in on MNST. Susquehanna Bancshares Inc restated a hold rating and issued a $42.00 price objective (down from $45.00) on shares of Monster Beverage Corporation in a report on Monday, August 7th. Jefferies Group LLC increased their price objective on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a buy rating in a report on Wednesday, August 9th. Credit Suisse Group set a $61.00 price objective on Monster Beverage Corporation and gave the company an outperform rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a buy rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Monster Beverage Corporation from a buy rating to a hold rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $58.74.

Shares of Monster Beverage Corporation (MNST) opened at $61.27 on Monday. The firm has a market capitalization of $34,550.00, a price-to-earnings ratio of 41.68, a P/E/G ratio of 2.18 and a beta of 0.91. Monster Beverage Corporation has a 1-year low of $41.02 and a 1-year high of $62.80.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The business had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. Monster Beverage Corporation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. equities research analysts forecast that Monster Beverage Corporation will post 1.48 EPS for the current fiscal year.

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In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the director now directly owns 52,000 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Liberty Capital Management Inc. boosted its position in shares of Monster Beverage Corporation by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after purchasing an additional 2,028 shares in the last quarter. Huntington National Bank boosted its position in shares of Monster Beverage Corporation by 42.2% during the 2nd quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after purchasing an additional 633 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Monster Beverage Corporation by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after purchasing an additional 232 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Monster Beverage Corporation by 397.6% during the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after purchasing an additional 2,143 shares in the last quarter. Finally, Sun Life Financial INC boosted its position in shares of Monster Beverage Corporation by 29,250.0% during the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after purchasing an additional 2,925 shares in the last quarter. Hedge funds and other institutional investors own 64.89% of the company’s stock.

Monster Beverage Corporation Company Profile

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.

The Fly

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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