The stock currently has a Buy rating.
Recent reports from other analysts have also been published about the company. Redburn Partners upgraded Monster Beverage to a Buy rating in a research report on Monday, 6th March. The company's price target was set at $60.00. JPMorgan Chase & Co. lowered its target price for Monster Beverage in a report published on March 1st from $57.00 down to $56.00. The company was also given an overweight rating. Citigroup raised their price target on Monster Beverage to $67.00 from $61.00 in a Friday report. The stock was also given a Buy rating. Argus raised their price target for Monster Beverage to $60.00 in a research report on Tuesday, 23rd March. The company was also given a buy recommendation. UBS Group, in a Thursday, April 6, research note, increased its price target for Monster Beverage, from $54.00 up to $56.00, and gave the company an overall neutral rating. Six analysts have given the stock a hold recommendation and fifteen others have given it a buy recommendation. The opening price on Friday was $59.04. Monster Beverage's 52-week low is $41.10, and its 52-week highest is $60.47. The fifty-day moving average is $54.03, and the two hundred day moving is $51.58. The firm has a market capitalization of $61.69 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86.
The company last released its results on May 4th. The company posted $0.38 per share for the quarter. This was $0.04 higher than the consensus estimate, which was $0.34. Revenue for the quarter was $1.70 billion, which is higher than analysts' expectations of $1.6 billion. Monster Beverage's net margin was 19.5% and its return on equity was 18.81%. Revenue was up 11.9% year-over-year. In the same quarter of the previous year, the firm posted $0.28 in earnings per share. Analysts expect Monster Beverage to post 1.5 earnings per shares for the current fiscal.
On March 8th, 75,678 of the company's shares were sold in a single transaction. The shares were purchased at an average of $51.52 for a transaction totaling $3,898,552.17. After the sale was completed, the insider owns 46 402 shares of the company valued at $2 390 399.03. Insiders hold 10.50% the stock of a company.
Institutional investors weigh in on Monster Beverage
Recently, several hedge funds changed their positions in the company. AdvisorNet Financial Inc increased its holdings in Monster Beverage shares by 95.8% over the first quarter. AdvisorNet Financial Inc owns 468 of the company stock, worth $25,000. This is after purchasing an additional 229 share during the period. Freedom Wealth Alliance LLC purchased a position in Monster Beverage during the fourth quarter, valued at about $25,000. AXS Investments LLC purchased a stake in Monster Beverage during the fourth quarter, valued at approximately $26,000. Resurgent Financial Advisors LLC purchased a stake in Monster Beverage worth about $26,000 during the fourth quarter. Ancora Advisors LLC purchased a new stake in Monster Beverage during the first quarter, worth about $27,000. 75.11% of Monster Beverage's stock is held by institutional investors.
Monster Beverage Company profile
Monster Beverage Corp., a holding firm, is engaged in the development of energy drinks and concentrates, as well as their marketing, sales, and distribution. It is divided into three segments: Monster Energy Drinks (also known as Monster Energy Drinks), Strategic Brands and Other. The Monster Energy Drinks division sells packaged, ready-to drink energy drinks to beverage bottlers and distributors.
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