Monster Beverage Corporation (MNST) Stock Rating Reaffirmed by Jefferies Group LLC

Monster Beverage Corporation (NASDAQ:MNST)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday.

Several other analysts also recently commented on MNST. Credit Suisse Group set a $59.00 target price on Monster Beverage Corporation and gave the company a “buy” rating in a research note on Saturday, May 6th. Wells Fargo & Co restated a “market perform” rating and issued a $45.00 target price on shares of Monster Beverage Corporation in a research note on Sunday, April 2nd. BMO Capital Markets restated an “outperform” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research note on Friday, June 9th. Cowen and Company restated an “outperform” rating and issued a $52.00 target price on shares of Monster Beverage Corporation in a research note on Tuesday, February 28th. Finally, Zacks Investment Research upgraded Monster Beverage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $56.40.

Analyst Recommendations for Monster Beverage Corporation (NASDAQ:MNST)

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 50.86 on Friday. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $55.50. The company has a market capitalization of $28.88 billion, a price-to-earnings ratio of 40.95 and a beta of 0.91. The stock has a 50 day moving average price of $48.95 and a 200-day moving average price of $45.87.

Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $742.10 million during the quarter, compared to the consensus estimate of $738.54 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. On average, equities research analysts expect that Monster Beverage Corporation will post $1.48 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Cigna Investments Inc. New purchased a new position in Monster Beverage Corporation during the fourth quarter valued at approximately $674,000. Federated Investors Inc. PA boosted its position in Monster Beverage Corporation by 36.2% in the fourth quarter. Federated Investors Inc. PA now owns 9,346 shares of the company’s stock valued at $414,000 after buying an additional 2,483 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Monster Beverage Corporation by 204.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 940,414 shares of the company’s stock valued at $41,701,000 after buying an additional 631,931 shares in the last quarter. GLG LLC boosted its position in Monster Beverage Corporation by 220.4% in the fourth quarter. GLG LLC now owns 24,957 shares of the company’s stock valued at $1,107,000 after buying an additional 17,167 shares in the last quarter. Finally, Boston Advisors LLC boosted its position in Monster Beverage Corporation by 7,367.2% in the first quarter. Boston Advisors LLC now owns 386,653 shares of the company’s stock valued at $17,852,000 after buying an additional 381,475 shares in the last quarter. 66.03% of the stock is currently owned by hedge funds and other institutional investors.

About Monster Beverage Corporation

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MNST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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