Shares of Monster Beverage Corp (NASDAQ:MNST) have been given a consensus rating of “Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $68.94.
Several research firms have issued reports on MNST. Royal Bank of Canada reissued a “buy” rating and issued a $67.00 price target on shares of Monster Beverage in a research note on Wednesday, April 22nd. Zacks Investment Research raised Monster Beverage from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Monday, April 13th. Citigroup downgraded Monster Beverage from a “buy” rating to a “neutral” rating and dropped their price target for the company from $77.00 to $73.00 in a research note on Monday, May 11th. SunTrust Banks raised their price objective on Monster Beverage from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Bank of America raised their price objective on Monster Beverage from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 4th.
In other news, Director Mark J. Hall sold 64,643 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $72.82, for a total transaction of $4,707,303.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas J. Kelly sold 15,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.29, for a total transaction of $1,024,350.00. Following the completion of the sale, the executive vice president now owns 13,117 shares in the company, valued at approximately $895,759.93. The disclosure for this sale can be found here. Insiders have sold 196,108 shares of company stock valued at $13,486,804 in the last quarter. 10.60% of the stock is currently owned by corporate insiders.
Monster Beverage stock traded down $1.16 during mid-day trading on Friday, hitting $67.90. 2,044,998 shares of the company’s stock were exchanged, compared to its average volume of 3,310,684. The company’s 50 day simple moving average is $68.91 and its 200-day simple moving average is $64.53. Monster Beverage has a fifty-two week low of $50.06 and a fifty-two week high of $73.43. The firm has a market capitalization of $35.84 billion, a P/E ratio of 32.80, a PEG ratio of 4.17 and a beta of 1.04.
Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Monster Beverage had a return on equity of 27.77% and a net margin of 26.07%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $995.97 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Monster Beverage will post 2.07 earnings per share for the current fiscal year.
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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