Susquehanna Bancshares Inc Reaffirms Hold Rating for Monster Beverage Corporation (MNST)
Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “hold” rating reissued by stock analysts at Susquehanna Bancshares Inc in a research note issued to investors on Monday.
A number of other equities research analysts have also recently weighed in on the company. BidaskClub raised Monster Beverage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Monster Beverage Corporation in a report on Friday, June 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $60.00 price target (up previously from $59.00) on shares of Monster Beverage Corporation in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.75.
Monster Beverage Corporation (NASDAQ MNST) opened at 52.71 on Monday. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $55.50. The firm has a market capitalization of $29.93 billion, a PE ratio of 42.44 and a beta of 0.96. The stock’s 50 day moving average price is $51.38 and its 200 day moving average price is $47.37.
Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $742.10 million for the quarter, compared to analysts’ expectations of $738.54 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. Analysts expect that Monster Beverage Corporation will post $1.49 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/08/07/susquehanna-bancshares-inc-reaffirms-hold-rating-for-monster-beverage-corporation-mnst.html.
Several hedge funds and other institutional investors have recently bought and sold shares of MNST. FMR LLC boosted its position in Monster Beverage Corporation by 0.4% in the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock valued at $2,069,342,000 after buying an additional 194,334 shares in the last quarter. Vanguard Group Inc. boosted its position in Monster Beverage Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 27,660,996 shares of the company’s stock valued at $1,277,108,000 after buying an additional 799,703 shares in the last quarter. BlackRock Inc. boosted its position in Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock valued at $995,459,000 after buying an additional 20,475,879 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in Monster Beverage Corporation by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 20,621,437 shares of the company’s stock valued at $952,091,000 after buying an additional 169,196 shares in the last quarter. Finally, State Street Corp boosted its position in Monster Beverage Corporation by 1.2% in the first quarter. State Street Corp now owns 16,907,767 shares of the company’s stock valued at $780,633,000 after buying an additional 203,730 shares in the last quarter. 65.91% 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.
Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.