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.

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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.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

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