Susquehanna Bancshares Inc Reaffirms Hold Rating for Monster Beverage Corporation (NASDAQ:MNST)

Susquehanna Bancshares Inc reissued their hold rating on shares of Monster Beverage Corporation (NASDAQ:MNST) in a research note released on Monday. Susquehanna Bancshares Inc currently has a $42.00 price objective on the stock, down from their previous price objective of $45.00.

MNST has been the topic of a number of other research reports. Morgan Stanley reissued an overweight rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Monster Beverage Corporation from a hold rating to a sell rating in a research report on Wednesday, July 5th. BMO Capital Markets reissued a buy rating on shares of Monster Beverage Corporation in a research report on Thursday, April 27th. Cowen and Company reissued an outperform rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued an outperform rating and issued a $61.00 price objective on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $56.28.

Monster Beverage Corporation (MNST) opened at 52.52 on Monday. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24. The company has a market cap of $29.83 billion, a P/E ratio of 39.73 and a beta of 0.96. The stock’s 50 day moving average is $51.76 and its 200-day moving average is $47.74.

Monster Beverage Corporation (NASDAQ:MNST) last announced 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. The business had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its position in shares of Monster Beverage Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock valued at $514,000 after buying an additional 27 shares during the last quarter. United Capital Financial Advisers LLC raised its position in shares of Monster Beverage Corporation by 0.4% in the first quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock valued at $456,000 after buying an additional 38 shares during the last quarter. Accuvest Global Advisors raised its position in shares of Monster Beverage Corporation by 0.4% in the second quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock valued at $510,000 after buying an additional 38 shares during the last quarter. Wendell David Associates Inc. raised its position in shares of Monster Beverage Corporation by 0.9% in the second quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock valued at $361,000 after buying an additional 64 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Monster Beverage Corporation by 0.5% in the second quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock valued at $630,000 after buying an additional 66 shares during the last quarter. 65.91% of the stock is currently owned by institutional investors.

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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