Monster Beverage (NASDAQ:MNST) had its target price lifted by stock analysts at Stifel Nicolaus from $65.00 to $66.00 in a research report issued on Tuesday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 11.13% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Guggenheim began coverage on Monster Beverage in a research note on Thursday, September 13th. They set a “buy” rating and a $72.00 price target for the company. BidaskClub downgraded Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. ValuEngine downgraded Monster Beverage from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Citigroup boosted their price objective on Monster Beverage from $62.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Jefferies Financial Group boosted their price objective on Monster Beverage from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Monster Beverage presently has an average rating of “Buy” and an average price target of $64.47.

Monster Beverage stock opened at $59.39 on Tuesday. The stock has a market cap of $32.89 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.15 and a beta of 1.30. Monster Beverage has a 52-week low of $47.61 and a 52-week high of $70.21.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Monster Beverage had a return on equity of 24.39% and a net margin of 25.27%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. equities research analysts anticipate that Monster Beverage will post 1.73 earnings per share for the current year.

Monster Beverage declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

In related news, insider Emelie Tirre sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $60.91, for a total value of $1,035,470.00. Following the transaction, the insider now directly owns 46,847 shares of the company’s stock, valued at approximately $2,853,450.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in shares of Monster Beverage during the 1st quarter worth approximately $120,000. Integrated Investment Consultants LLC purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $123,000. Exane Derivatives raised its holdings in shares of Monster Beverage by 7,740.0% during the 2nd quarter. Exane Derivatives now owns 2,352 shares of the company’s stock worth $134,000 after acquiring an additional 2,322 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $181,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $175,000. 64.53% of the stock is currently owned by institutional investors.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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