Research Analysts’ Weekly Ratings Changes for Monster Beverage (MNST)

A number of firms have modified their ratings and price targets on shares of Monster Beverage (NASDAQ: MNST) recently:

• 8/9/2024 – Monster Beverage had its price target lowered by analysts at Truist Financial Co. from $46.00 to $40.00. They now have a “sell” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Wells Fargo & Company from $59.00 to $57.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Royal Bank of Canada from $64.00 to $60.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Evercore ISI from $65.00 to $60.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at JPMorgan Chase & Co. from $56.00 to $50.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at UBS Group AG from $55.00 to $51.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Piper Sandler from $59.00 to $46.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at BMO Capital Markets from $56.00 to $54.00. They now have a “market perform” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $63.00 to $59.00. They now have a “buy” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Jefferies Financial Group Inc. from $61.00 to $60.00. They now have a “buy” rating on the stock.
• 8/8/2024 – Monster Beverage had its price target lowered by analysts at Citigroup Inc. from $60.00 to $54.00. They now have a “buy” rating on the stock.
• 7/23/2024 – Monster Beverage had its price target lowered by analysts at JPMorgan Chase & Co. from $59.00 to $56.00. They now have a “neutral” rating on the stock.
• 7/15/2024 – Monster Beverage had its price target lowered by analysts at TD Cowen from $60.00 to $55.00. They now have a “hold” rating on the stock.
• 7/10/2024 – Monster Beverage had its price target lowered by analysts at Citigroup Inc. from $69.00 to $60.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Monster Beverage had its price target lowered by analysts at Bank of America Co. from $62.00 to $60.00. They now have a “buy” rating on the stock.
• 7/1/2024 – Monster Beverage had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $64.00 price target on the stock.
• 6/25/2024 – Monster Beverage had its price target lowered by analysts at Wells Fargo & Company from $65.00 to $59.00. They now have an “overweight” rating on the stock.
• 6/24/2024 – Monster Beverage is now covered by analysts at BNP Paribas. They set an “underperform” rating and a $48.00 price target on the stock.
• 6/17/2024 – Monster Beverage had its price target lowered by analysts at Stifel Nicolaus from $63.00 to $57.00. They now have a “buy” rating on the stock.
• 6/14/2024 – Monster Beverage had its price target lowered by analysts at Morgan Stanley from $65.00 to $60.00. They now have an “overweight” rating on the stock.
• 6/14/2024 – Monster Beverage had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $65.00 price target on the stock.
• 6/14/2024 – Monster Beverage had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $66.00 to $63.00. They now have a “buy” rating on the stock.
• 6/12/2024 – Monster Beverage had its price target lowered by analysts at Roth Mkm from $59.00 to $56.00. They now have a “neutral” rating on the stock.

Monster Beverage Price Performance

NASDAQ:MNST traded up $1.05 during mid-day trading on Friday, reaching $46.06. The company’s stock had a trading volume of 14,553,289 shares, compared to its average volume of 7,446,106. The company’s fifty day simple moving average is $50.26 and its two-hundred day simple moving average is $53.91. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a market cap of $47.98 billion, a P/E ratio of 28.97, a P/E/G ratio of 2.09 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that Monster Beverage Co. will post 1.75 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now owns 532,754 shares in the company, valued at approximately $27,820,413.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the transaction, the director now directly owns 532,754 shares in the company, valued at $27,820,413.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 307,221 shares of company stock worth $16,070,374. 7.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. raised its position in shares of Monster Beverage by 9.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock valued at $124,000 after purchasing an additional 189 shares in the last quarter. Journey Advisory Group LLC raised its position in shares of Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after purchasing an additional 196 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Monster Beverage by 5.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Monster Beverage by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after purchasing an additional 211 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Monster Beverage by 1.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock valued at $789,000 after purchasing an additional 226 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

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.