Monster Beverage (NASDAQ:MNST) Upgraded at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Monster Beverage (NASDAQ:MNST) from a neutral rating to a buy rating in a research note released on Wednesday morning, Marketbeat reports. They currently have $90.00 target price on the stock, up from their prior target price of $76.00.

A number of other research firms also recently weighed in on MNST. Wells Fargo & Company decreased their price target on shares of Monster Beverage from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Monster Beverage from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 30th. TD Cowen reduced their price objective on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Stifel Nicolaus decreased their target price on shares of Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Argus upped their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Fifteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Monster Beverage Stock Up 13.5%

Monster Beverage stock opened at $86.25 on Wednesday. The business has a 50 day moving average price of $76.12 and a two-hundred day moving average price of $75.94. Monster Beverage has a 12 month low of $58.09 and a 12 month high of $88.77. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a return on equity of 27.73% and a net margin of 23.11%.Monster Beverage’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. On average, analysts expect that Monster Beverage will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Monster Beverage

Several institutional investors and hedge funds have recently made changes to their positions in MNST. ABN AMRO Bank N.V. acquired a new stake in Monster Beverage during the 3rd quarter worth $59,170,000. Nordea Investment Management AB raised its position in shares of Monster Beverage by 12.2% during the 4th quarter. Nordea Investment Management AB now owns 880,061 shares of the company’s stock valued at $67,738,000 after acquiring an additional 95,606 shares during the last quarter. Inscription Capital LLC lifted its stake in shares of Monster Beverage by 130.6% in the 3rd quarter. Inscription Capital LLC now owns 25,260 shares of the company’s stock valued at $1,700,000 after purchasing an additional 14,305 shares during the period. UMB Bank n.a. boosted its position in shares of Monster Beverage by 2,436.3% in the 3rd quarter. UMB Bank n.a. now owns 57,371 shares of the company’s stock worth $3,862,000 after purchasing an additional 55,109 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Monster Beverage by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after purchasing an additional 2,122,685 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Trending Headlines about Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Monster Beverage reported first-quarter EPS of $0.58, beating the $0.53 consensus estimate, on revenue of $2.32 billion versus expectations of $2.16 billion. Sales rose 22.6% year over year, supporting the stock’s move higher. Monster Beverage earnings report
• Positive Sentiment: Royal Bank of Canada raised its price target to $88 from $86 and kept an outperform rating, signaling continued confidence in Monster Beverage’s outlook.
• Positive Sentiment: Deutsche Bank lifted its target to $94 from $88 and reiterated a buy rating, implying additional upside if growth remains strong.
• Positive Sentiment: Wells Fargo increased its target to $87 from $85 and maintained an overweight rating, while Evercore raised its target to $95 from $90 and kept an outperform rating.
• Neutral Sentiment: Management highlighted particularly strong international demand, with overseas sales up sharply and now making up a larger share of total revenue. This supports the growth story, but investors may still watch whether that momentum persists.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.