Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report issued on Saturday. They presently have a $57.00 price target on the stock. Stifel Nicolaus’ price target indicates a potential upside of 2.13% from the company’s current price.

Other research analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a research report on Friday, June 16th. Jefferies Group LLC restated a “buy” rating and set a $63.00 target price on shares of Monster Beverage Corporation in a research report on Friday, June 16th. UBS AG set a $59.00 target price on shares of Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 21st. BidaskClub upgraded shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Monster Beverage Corporation currently has an average rating of “Buy” and a consensus price target of $56.86.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year.

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In related news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC lifted its stake in shares of Monster Beverage Corporation by 4.3% during the second quarter. Atlantic Trust Group LLC now owns 484,219 shares of the company’s stock valued at $24,056,000 after buying an additional 19,966 shares during the period. Cim Investment Mangement Inc. lifted its stake in shares of Monster Beverage Corporation by 250.5% during the second quarter. Cim Investment Mangement Inc. now owns 22,982 shares of the company’s stock valued at $1,142,000 after buying an additional 16,426 shares during the period. Calamos Advisors LLC lifted its stake in shares of Monster Beverage Corporation by 7.5% during the second quarter. Calamos Advisors LLC now owns 652,398 shares of the company’s stock valued at $32,411,000 after buying an additional 45,469 shares during the period. Swiss National Bank lifted its stake in shares of Monster Beverage Corporation by 3.1% during the second quarter. Swiss National Bank now owns 1,460,602 shares of the company’s stock valued at $72,563,000 after buying an additional 44,200 shares during the period. Finally, Chilton Investment Co. LLC purchased a new position in shares of Monster Beverage Corporation during the second quarter valued at approximately $35,322,000. 65.89% of the stock is currently owned by institutional investors and hedge funds.

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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