UBS Group Lowers Monster Beverage (NASDAQ:MNST) Price Target to $94.00

Monster Beverage (NASDAQ:MNSTGet Rating) had its price objective decreased by UBS Group from $95.00 to $94.00 in a research report report published on Tuesday morning, The Fly reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms have also weighed in on MNST. Citigroup lowered their price objective on shares of Monster Beverage from $110.00 to $98.00 and set a buy rating on the stock in a research report on Friday, February 25th. StockNews.com started coverage on shares of Monster Beverage in a research report on Thursday, March 31st. They issued a hold rating on the stock. JPMorgan Chase & Co. reduced their target price on Monster Beverage from $90.00 to $87.00 and set a neutral rating for the company in a report on Wednesday, March 30th. BMO Capital Markets raised their target price on Monster Beverage from $90.00 to $95.00 in a report on Wednesday, June 15th. Finally, Cowen reduced their target price on Monster Beverage from $92.00 to $90.00 and set a market perform rating for the company in a report on Friday, February 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Monster Beverage has an average rating of Moderate Buy and a consensus price target of $100.85.

Shares of MNST opened at $92.18 on Tuesday. The firm has a market cap of $48.83 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.01. The company’s 50 day simple moving average is $87.30 and its 200-day simple moving average is $86.06. Monster Beverage has a 12-month low of $71.78 and a 12-month high of $99.89.

Monster Beverage (NASDAQ:MNSTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Monster Beverage had a net margin of 23.32% and a return on equity of 21.21%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, analysts expect that Monster Beverage will post 2.68 earnings per share for the current fiscal year.

In related news, insider Emelie Tirre sold 40,729 shares of Monster Beverage stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $88.06, for a total transaction of $3,586,595.74. Following the completion of the sale, the insider now owns 19,526 shares in the company, valued at approximately $1,719,459.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Guy Carling sold 26,299 shares of Monster Beverage stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $90.73, for a total value of $2,386,108.27. Following the sale, the insider now owns 25,901 shares of the company’s stock, valued at approximately $2,349,997.73. The disclosure for this sale can be found here. Insiders have sold a total of 117,028 shares of company stock valued at $10,522,704 in the last ninety days. Corporate insiders own 10.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Laurel Wealth Advisors Inc. grew its holdings in shares of Monster Beverage by 26.5% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 6,499 shares of the company’s stock worth $624,000 after purchasing an additional 1,363 shares during the period. State of Michigan Retirement System grew its holdings in shares of Monster Beverage by 10.5% during the 4th quarter. State of Michigan Retirement System now owns 110,948 shares of the company’s stock worth $10,655,000 after purchasing an additional 10,556 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Monster Beverage by 69.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 55,443 shares of the company’s stock worth $5,324,000 after purchasing an additional 22,741 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Monster Beverage by 772.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,246 shares of the company’s stock worth $595,000 after purchasing an additional 5,530 shares during the period. Finally, American National Insurance Co. purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $896,000. Institutional investors own 63.44% of the company’s stock.

Monster Beverage Company Profile (Get Rating)

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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