Monster Beverage Corporation (MNST) PT Set at $51.00 by Susquehanna Bancshares Inc
Monster Beverage Corporation (NASDAQ:MNST) has been assigned a $51.00 price objective by research analysts at Susquehanna Bancshares Inc in a note issued to investors on Monday. The firm presently has a “sell” rating on the stock. Susquehanna Bancshares Inc’s price target would suggest a potential downside of 17.97% from the stock’s current price.
MNST has been the topic of a number of other reports. Citigroup Inc. set a $60.00 price target on shares of Monster Beverage Corporation and gave the company a “buy” rating in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. Credit Suisse Group decreased their price target on shares of Monster Beverage Corporation from $64.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $57.00 price target on shares of Monster Beverage Corporation in a research note on Saturday, September 23rd. Finally, Jefferies Group LLC raised their price target on shares of Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.24.
Shares of Monster Beverage Corporation (MNST) opened at $62.17 on Monday. Monster Beverage Corporation has a 12-month low of $41.02 and a 12-month high of $62.80. The company has a market capitalization of $35,060.00, a PE ratio of 42.29, a PEG ratio of 2.22 and a beta of 0.91.
Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $909.50 million for the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. research analysts forecast that Monster Beverage Corporation will post 1.48 EPS for the current year.
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In other news, Director Sydney Selati sold 10,000 shares of Monster Beverage Corporation 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 sale, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in MNST. Huntington National Bank raised its position in shares of Monster Beverage Corporation by 42.2% during the 2nd quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after buying an additional 633 shares during the period. Commonwealth Bank of Australia raised its position in shares of Monster Beverage Corporation by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock valued at $116,000 after buying an additional 232 shares during the period. Liberty Capital Management Inc. increased its holdings in Monster Beverage Corporation by 2,028.0% in the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after purchasing an additional 2,028 shares during the last quarter. Sun Life Financial INC increased its holdings in Monster Beverage Corporation by 29,250.0% in the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock valued at $146,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Monster Beverage Corporation by 397.6% in the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock valued at $148,000 after purchasing an additional 2,143 shares during the last quarter. 64.89% of the stock is currently owned by hedge funds and other 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.
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