Monster Beverage (NASDAQ:MNST) Price Target Raised to $55.00 at UBS Group

Monster Beverage (NASDAQ:MNST) had its price target raised by UBS Group from $51.00 to $55.00 in a report released on Monday, MarketBeat reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. TD Cowen reduced their target price on Monster Beverage from $60.00 to $55.00 and set a hold rating on the stock in a research report on Monday, July 15th. Morgan Stanley reduced their target price on Monster Beverage from $65.00 to $60.00 and set an overweight rating on the stock in a research report on Friday, June 14th. BNP Paribas assumed coverage on Monster Beverage in a research note on Monday, June 24th. They issued an underperform rating and a $48.00 price objective for the company. Citigroup dropped their price objective on Monster Beverage from $60.00 to $54.00 and set a buy rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company dropped their price objective on Monster Beverage from $59.00 to $57.00 and set an overweight rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of Moderate Buy and a consensus price target of $55.84.

Monster Beverage Stock Performance

NASDAQ MNST opened at $50.77 on Monday. The company has a market cap of $49.73 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. The stock’s 50 day simple moving average is $49.25 and its 200-day simple moving average is $51.44. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Monster Beverage will post 1.66 EPS for the current fiscal year.

Institutional Trading of Monster Beverage

Hedge funds have recently modified their holdings of the stock. LRI Investments LLC bought a new position in Monster Beverage in the first quarter valued at approximately $26,000. Stephens Consulting LLC bought a new position in Monster Beverage in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its stake in Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the last quarter. Kings Path Partners LLC bought a new position in Monster Beverage in the second quarter valued at approximately $30,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage in the second quarter valued at approximately $30,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Company Profile

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, Alcohol Brands, and Other.