Monster Beverage (NASDAQ:MNST) had its target price upped by Macquarie from $65.00 to $73.00 in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has an outperform rating on the stock.
MNST has been the topic of a number of other research reports. Citigroup set a $60.00 target price on Monster Beverage and gave the company a buy rating in a research note on Wednesday, October 18th. Deutsche Bank assumed coverage on Monster Beverage in a research note on Wednesday, December 13th. They issued a hold rating and a $66.00 target price on the stock. BMO Capital Markets reiterated a buy rating and issued a $58.00 price target on shares of Monster Beverage in a report on Wednesday, September 6th. Susquehanna Bancshares set a $51.00 price target on Monster Beverage and gave the company a sell rating in a report on Monday, November 20th. Finally, Credit Suisse Group cut their price target on Monster Beverage from $64.00 to $62.00 and set an outperform rating for the company in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $60.11.
Shares of Monster Beverage (NASDAQ MNST) opened at $63.77 on Thursday. Monster Beverage has a 52 week low of $41.02 and a 52 week high of $64.79. The stock has a market capitalization of $35,990.00, a P/E ratio of 46.55, a P/E/G ratio of 2.27 and a beta of 0.94.
Several hedge funds have recently added to or reduced their stakes in MNST. Liberty Capital Management Inc. boosted its holdings in Monster Beverage by 2,028.0% during the third quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Monster Beverage by 11.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after acquiring an additional 232 shares during the period. Bessemer Group Inc. raised its holdings in Monster Beverage by 397.6% in the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after acquiring an additional 2,143 shares during the period. Sun Life Financial INC raised its holdings in Monster Beverage by 29,250.0% in the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after acquiring an additional 2,925 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in Monster Beverage in the 3rd quarter worth $169,000. Institutional investors and hedge funds own 65.62% of the company’s stock.
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Monster Beverage 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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