Shares of Monster Beverage Corp (NASDAQ:MNST) have earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $64.80.

Several research analysts have issued reports on MNST shares. Guggenheim downgraded Monster Beverage from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $74.00 to $60.00 in a report on Wednesday, October 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective (down previously from $67.00) on shares of Monster Beverage in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Monster Beverage from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. UBS Group reaffirmed a “sell” rating and set a $52.00 price objective (down previously from $53.00) on shares of Monster Beverage in a report on Thursday, August 8th. Finally, Cowen downgraded Monster Beverage from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $69.00 to $65.00 in a report on Thursday.

NASDAQ MNST traded down $0.51 during trading hours on Friday, reaching $56.06. 3,476,082 shares of the company’s stock were exchanged, compared to its average volume of 2,730,611. The stock has a market cap of $30.82 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. Monster Beverage has a one year low of $47.74 and a one year high of $66.38. The firm has a fifty day moving average of $57.47 and a 200-day moving average of $60.08.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.03). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. Monster Beverage had a return on equity of 28.10% and a net margin of 26.58%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. On average, equities analysts forecast that Monster Beverage will post 2.04 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of MNST. Avitas Wealth Management LLC raised its stake in Monster Beverage by 1.6% during the 3rd quarter. Avitas Wealth Management LLC now owns 35,824 shares of the company’s stock worth $2,080,000 after buying an additional 547 shares during the period. Stephens Investment Management Group LLC raised its stake in Monster Beverage by 3.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 630,632 shares of the company’s stock worth $36,614,000 after buying an additional 21,059 shares during the period. Tuttle Tactical Management acquired a new stake in Monster Beverage during the 3rd quarter worth $464,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Monster Beverage by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 99,370 shares of the company’s stock worth $5,769,000 after buying an additional 5,283 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Monster Beverage by 9.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 135,775 shares of the company’s stock worth $7,883,000 after buying an additional 12,046 shares during the period. 66.13% 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 and 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 energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks 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.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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