Monster Beverage Corporation (MNST) Earns Outperform Rating from Analysts at Macquarie
Macquarie initiated coverage on shares of Monster Beverage Corporation (NASDAQ:MNST) in a research note issued to investors on Thursday. The brokerage set an “outperform” rating on the stock.
A number of other analysts have also weighed in on MNST. Credit Suisse Group lowered shares of Monster Beverage Corporation to a “hold” rating in a report on Friday, September 8th. BMO Capital Markets reiterated a “buy” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a report on Wednesday, September 6th. BidaskClub upgraded shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.28.
Shares of Monster Beverage Corporation (NASDAQ MNST) traded up 0.33% on Thursday, hitting $56.56. The stock had a trading volume of 2,232,859 shares. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $57.25. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 42.79 and a beta of 0.99. The firm has a 50 day moving average of $54.42 and a 200-day moving average of $49.73.
Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. During the same period last year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Monster Beverage Corporation (MNST) Earns Outperform Rating from Analysts at Macquarie” was published by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/09/14/monster-beverage-corporation-mnst-earns-outperform-rating-from-analysts-at-macquarie.html.
In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the sale, the director now directly owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.40% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its holdings in Monster Beverage Corporation by 0.4% in the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock worth $2,069,342,000 after buying an additional 194,334 shares during the period. Vanguard Group Inc. lifted its holdings in Monster Beverage Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after buying an additional 771,913 shares during the period. BlackRock Inc. lifted its holdings in Monster Beverage Corporation by 1.7% in the second quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after buying an additional 376,666 shares during the period. Loomis Sayles & Co. L P lifted its holdings 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 worth $952,091,000 after buying an additional 169,196 shares during the period. Finally, State Street Corp lifted its holdings 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 worth $780,633,000 after buying an additional 203,730 shares during the period. Institutional investors and hedge funds own 65.88% of the company’s stock.
Monster Beverage Corporation Company Profile
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.