Deutsche Bank initiated coverage on shares of Monster Beverage (NASDAQ:MNST) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Several other brokerages have also recently issued reports on MNST. BMO Capital Markets reissued a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research note on Thursday, November 2nd. Jefferies Group reissued a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a research note on Thursday, November 9th. Susquehanna Bancshares cut shares of Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price objective for the company. in a research note on Monday, November 20th. Credit Suisse Group cut shares of Monster Beverage to a “hold” rating in a research note on Friday, September 8th. Finally, BidaskClub raised shares of Monster Beverage from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $59.24.

Monster Beverage (NASDAQ:MNST) traded up $0.60 during mid-day trading on Wednesday, reaching $63.51. 1,675,701 shares of the company’s stock traded hands, compared to its average volume of 2,199,347. The stock has a market cap of $35,495.85, a PE ratio of 42.82, a P/E/G ratio of 2.24 and a beta of 0.94. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $63.62.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. Monster Beverage’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. analysts predict that Monster Beverage will post 1.48 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in shares of Monster Beverage by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock valued at $514,000 after acquiring an additional 27 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Monster Beverage by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,951 shares of the company’s stock valued at $1,488,000 after acquiring an additional 109 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Monster Beverage by 1.7% during the 2nd quarter. Raymond James Trust N.A. now owns 8,890 shares of the company’s stock valued at $442,000 after acquiring an additional 146 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Monster Beverage by 2.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,298 shares of the company’s stock valued at $313,000 after acquiring an additional 176 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in Monster Beverage by 2.7% in the 2nd quarter. First Personal Financial Services now owns 6,653 shares of the company’s stock worth $331,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.

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Monster Beverage 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.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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