Monster Beverage Corporation (NASDAQ:MNST) – Analysts at SunTrust Banks boosted their Q1 2018 EPS estimates for shares of Monster Beverage Corporation in a research report issued on Tuesday. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $0.36 per share for the quarter, up from their prior estimate of $0.35. SunTrust Banks also issued estimates for Monster Beverage Corporation’s Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.65 EPS.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Vetr raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating and set a $52.90 target price for the company in a research report on Wednesday, May 17th. Jefferies Group LLC boosted their target price on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a research report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Monster Beverage Corporation presently has a consensus rating of “Buy” and a consensus price target of $56.28.
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Monster Beverage Corporation (NASDAQ MNST) traded up 2.28% during trading on Thursday, hitting $53.72. 1,465,949 shares of the stock were exchanged. The firm has a market cap of $30.52 billion, a PE ratio of 40.64 and a beta of 0.96. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $54.24. The firm’s 50-day moving average is $51.76 and its 200 day moving average is $47.74.
Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The business had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its position in Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Monster Beverage Corporation by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares during the last quarter. Coconut Grove Bank boosted its position in Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock worth $118,000 after buying an additional 1,440 shares during the last quarter. Assetmark Inc. boosted its position in Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock worth $201,000 after buying an additional 311 shares during the last quarter. Finally, Dynamic Advisors Solutions LLC bought a new position in Monster Beverage Corporation during the second quarter worth $202,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.
Monster Beverage Corporation Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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