Monster Beverage (NASDAQ:MNST) Given New $90.00 Price Target at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its price target lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $94.00 to $90.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 26.20% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reissued a “market perform” rating and issued a $73.00 target price (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Bank of America increased their price target on Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 19th. Zacks Research lowered Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Evercore boosted their price objective on Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. increased their target price on Monster Beverage from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.76.

Monster Beverage Price Performance

MNST stock traded down $0.52 during trading on Monday, reaching $71.31. 2,289,887 shares of the stock traded hands, compared to its average volume of 6,162,369. The business’s 50 day moving average price is $79.56 and its 200-day moving average price is $74.30. Monster Beverage has a 52-week low of $54.73 and a 52-week high of $87.38. The firm has a market capitalization of $69.67 billion, a PE ratio of 36.77, a P/E/G ratio of 2.32 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.39 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that Monster Beverage will post 1.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MNST. Physician Wealth Advisors Inc. grew its stake in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Monster Beverage during the third quarter worth about $27,000. Harbor Investment Advisory LLC lifted its stake in Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the period. Finally, First Horizon Corp acquired a new stake in Monster Beverage during the third quarter worth about $29,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

About Monster Beverage

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.