Deutsche Bank Aktiengesellschaft Cuts Monster Beverage (NASDAQ:MNST) Price Target to $59.00

Monster Beverage (NASDAQ:MNST) had its target price reduced by Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a research report released on Friday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

MNST has been the topic of a number of other reports. Roth Mkm cut their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Truist Financial decreased their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. BMO Capital Markets dropped their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group decreased their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a report 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Monster Beverage Trading Up 3.0 %

Shares of NASDAQ MNST opened at $55.74 on Friday. The stock has a market cap of $54.60 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.47 and a beta of 0.74. The business has a 50 day simple moving average of $51.69 and a 200 day simple moving average of $50.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.22.

Institutional Investors Weigh In On Monster Beverage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. raised its stake in shares of Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after acquiring an additional 189 shares during the last quarter. Journey Advisory Group LLC increased its holdings in shares of Monster Beverage by 4.1% in the second 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 Monster Beverage by 5.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after purchasing an additional 209 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Monster Beverage by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after buying an additional 211 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in Monster Beverage by 37.5% in the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

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.