Monster Beverage (MNST) Price Target Raised to $73.00 at Macquarie

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.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Monster Beverage had a return on equity of 23.45% and a net margin of 23.92%. The firm had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. During the same quarter in the prior year, the company earned $0.34 EPS. Monster Beverage’s revenue was up 15.4% on a year-over-year basis. analysts predict that Monster Beverage will post 1.48 earnings per share for the current year.

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.

Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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