UBS Group set a $48.00 price objective on Monster Beverage (NASDAQ:MNST) in a research report sent to investors on Friday, www.tipranks.com reports. The firm currently has a sell rating on the stock.

Several other equities research analysts also recently commented on MNST. Zacks Investment Research downgraded Monster Beverage from a buy rating to a hold rating in a report on Wednesday, December 5th. BidaskClub upgraded Monster Beverage from a sell rating to a hold rating in a report on Saturday, January 12th. Jefferies Financial Group restated a buy rating and set a $71.00 price objective on shares of Monster Beverage in a report on Friday. Finally, SunTrust Banks upgraded Monster Beverage from a hold rating to a buy rating and boosted their price objective for the company from $50.00 to $65.00 in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $62.27.

Shares of NASDAQ MNST traded up $1.31 during midday trading on Friday, hitting $55.58. 3,983,788 shares of the stock traded hands, compared to its average volume of 3,403,387. The company has a market cap of $30.73 billion, a price-to-earnings ratio of 38.07, a P/E/G ratio of 1.74 and a beta of 1.45. Monster Beverage has a one year low of $47.61 and a one year high of $70.21.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $988.73 million. Monster Beverage had a return on equity of 25.47% and a net margin of 25.86%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, equities analysts expect that Monster Beverage will post 1.77 EPS for the current year.

In related news, Director Harold C. Taber, Jr. sold 9,000 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $54.55, for a total transaction of $490,950.00. Following the completion of the sale, the director now owns 77,238 shares in the company, valued at $4,213,332.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas J. Kelly sold 14,661 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $53.73, for a total value of $787,735.53. Following the sale, the executive vice president now owns 24,312 shares of the company’s stock, valued at approximately $1,306,283.76. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Rockland Trust Co. bought a new stake in Monster Beverage during the fourth quarter worth $49,000. Cerebellum GP LLC bought a new stake in Monster Beverage during the fourth quarter worth $70,000. Harvest Fund Management Co. Ltd boosted its position in Monster Beverage by 287.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,900 shares of the company’s stock worth $111,000 after purchasing an additional 1,409 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Monster Beverage by 17.5% in the third quarter. Cornerstone Advisors Inc. now owns 2,017 shares of the company’s stock worth $118,000 after purchasing an additional 300 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in Monster Beverage in the third quarter worth $129,000. Institutional investors and hedge funds own 64.54% of the company’s stock.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its 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 drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes 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; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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