Goldman Sachs Group, Inc. (The) reissued their conviction-buy rating on shares of Monster Beverage Corporation (NASDAQ:MNST) in a research note released on Saturday. The brokerage currently has a $52.00 price target on the stock, down from their previous price target of $54.00.

Several other research firms have also weighed in on MNST. BMO Capital Markets reaffirmed a buy rating on shares of Monster Beverage Corporation in a report on Friday, November 4th. Zacks Investment Research lowered shares of Monster Beverage Corporation from a hold rating to a sell rating in a report on Monday, November 7th. Stifel Nicolaus dropped their price objective on shares of Monster Beverage Corporation from $61.67 to $59.33 and set a buy rating for the company in a report on Friday, November 4th. Jefferies Group reaffirmed a hold rating and set a $53.33 price objective on shares of Monster Beverage Corporation in a report on Friday, November 4th. Finally, Susquehanna reaffirmed a hold rating and set a $39.00 price objective on shares of Monster Beverage Corporation in a report on Monday, January 9th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $53.88.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

Monster Beverage Corporation (NASDAQ:MNST) opened at 44.51 on Friday. Monster Beverage Corporation has a 12-month low of $37.69 and a 12-month high of $55.50. The firm has a 50 day moving average price of $44.64 and a 200 day moving average price of $119.54. The company has a market cap of $25.41 billion, a PE ratio of 39.96 and a beta of 0.83.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.13. Monster Beverage Corporation had a return on equity of 17.06% and a net margin of 23.07%. The business earned $788 million during the quarter, compared to analyst estimates of $819.90 million. During the same period last year, the company earned $0.84 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that Monster Beverage Corporation will post $1.24 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in MNST. Loomis Sayles & Co. L P boosted its position in shares of Monster Beverage Corporation by 6.2% in the second quarter. Loomis Sayles & Co. L P now owns 6,270,270 shares of the company’s stock worth $1,007,695,000 after buying an additional 368,831 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Monster Beverage Corporation by 1.3% in the third quarter. Jennison Associates LLC now owns 5,775,664 shares of the company’s stock worth $847,925,000 after buying an additional 72,067 shares during the last quarter. Lone Pine Capital LLC raised its stake in shares of Monster Beverage Corporation by 271.6% in the second quarter. Lone Pine Capital LLC now owns 4,141,575 shares of the company’s stock worth $665,593,000 after buying an additional 3,027,014 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Monster Beverage Corporation by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 2,729,460 shares of the company’s stock worth $401,557,000 after buying an additional 206,569 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Monster Beverage Corporation by 3.1% in the third quarter. Wells Fargo & Company MN now owns 1,920,434 shares of the company’s stock worth $281,940,000 after buying an additional 57,213 shares during the last quarter. 21.89% of the stock is currently owned by institutional investors.

About Monster Beverage Corporation

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.

5 Day Chart for NASDAQ:MNST

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