Monster Beverage Corporation (NASDAQ:MNST) Stock Rated “Moderate Buy” by Wall Street Brokerages

Monster Beverage Corporation (NASDAQ:MNST) has been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $74.07.

Several analysts have commented on the company. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Piper Sandler reiterated an “overweight” rating and set a $50.50 price objective on shares of Monster Beverage in a report on Monday. Citigroup reiterated a “buy” rating on shares of Monster Beverage in a report on Wednesday, August 12th. Weiss Ratings cut shares of Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Morgan Stanley boosted their target price on shares of Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 7th.

Hedge Funds Weigh In On Monster Beverage

A number of large investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC increased its holdings in shares of Monster Beverage by 113.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock worth $25,000 after buying an additional 321 shares during the last quarter. Davis Capital Management boosted its holdings in Monster Beverage by 98.8% in the third quarter. Davis Capital Management now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 316 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Monster Beverage in the second quarter valued at $27,000. Jones Financial Companies Lllp acquired a new position in Monster Beverage in the second quarter valued at $28,000. Finally, Trust Co. of Vermont purchased a new stake in Monster Beverage during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.5%

Monster Beverage stock opened at $47.04 on Wednesday. The firm has a market capitalization of $92.15 billion, a P/E ratio of 43.56, a PEG ratio of 2.90 and a beta of 0.49. The stock has a fifty day moving average price of $44.75 and a 200 day moving average price of $44.31. Monster Beverage has a 52 week low of $32.94 and a 52 week high of $50.17.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts predict that Monster Beverage will post 1.16 EPS for the current year.

About Monster Beverage

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.