Monster Beverage (NASDAQ:MNST) received a new price target of $51.00 at UBS Group

Monster Beverage (NASDAQ:MNST – Free Report) had its target price cut by UBS Group from $55.00 to $51.00 in a research note issued to investors on Thursday, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other research firms have recently weighed in on MNST. Morgan Stanley cut their price target on Monster Beverage from $65.00 to $60.00 and set an overweight rating for the company in a research report on Friday, June 14th. TD Cowen reduced their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a hold rating for the company in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Monster Beverage from $66.00 to $63.00 and set a buy rating on the stock in a report on Friday, June 14th. BNP Paribas began coverage on shares of Monster Beverage in a report on Monday, June 24th. They set an underperform rating and a $48.00 price target for the company. Finally, Piper Sandler cut their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a neutral rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat , Monster Beverage has a consensus rating of Moderate Buy and a consensus price target of $56.15.

Check out our latest report on MNST

Monster Beverage Stock Performance

NASDAQ:MNST opened at $46.06 on Thursday. The firm has a market cap of $47.98 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.09 and a beta of 0.76. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The company’s 50-day simple moving average is $50.14, and its 200-day simple moving average is $53.82.

Monster Beverage (NASDAQ:MNST – Get Your Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company posted earnings of $0.39 per share. sell-side analysts anticipate that Monster Beverage will post 1.75 EPS for the current year.

Insider trading at Monster Beverage

In related news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the transaction, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares in the company, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock worth $16,070,374 over the last quarter. 7.80% of shares are currently owned by company insiders.

Institutional investors highlight Monster Beverage

Hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in shares of Monster Beverage in the first quarter worth $26,000. ICA Group Wealth Management LLC purchased a new position in Monster Beverage in the fourth quarter valued at $27,000. Tortoise Investment Management LLC increased its stake in shares of Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the period. Stephens Consulting LLC bought a new position in Monster Beverage in the second quarter valued at approximately $26,000. Finally, Kings Path Partners LLC acquired a new position in shares of Monster Beverage in the second quarter valued at about $30,000. Institutional investors and hedge funds own 72.36% of the company’s shares.

Monster Beverage Company Profile

(Get a free report)

Monster Beverage Corporation, through its subsidiaries, engages in the development, marketing, sale and distribution of energy drinks and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands and Other.

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