Monster Beverage (NASDAQ:MNST) Given New $51.00 Price Target at JPMorgan Chase & Co.

Monster Beverage (NASDAQ:MNST) had its price objective trimmed by JPMorgan Chase & Co. from $52.00 to $51.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

MNST has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. TD Cowen lifted their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Bank of America upped their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Argus lifted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.53.

Monster Beverage Trading Up 0.2 %

Shares of Monster Beverage stock opened at $48.17 on Wednesday. The stock has a market cap of $46.85 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. The firm has a fifty day moving average price of $50.58 and a 200 day moving average price of $51.02. Monster Beverage has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. purchased a new position in Monster Beverage during the fourth quarter worth approximately $11,387,000. Prudential PLC increased its stake in shares of Monster Beverage by 23.5% in the 4th quarter. Prudential PLC now owns 78,521 shares of the company’s stock worth $4,127,000 after acquiring an additional 14,944 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of Monster Beverage by 9.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 156,297 shares of the company’s stock worth $8,215,000 after acquiring an additional 13,198 shares during the period. Motley Fool Asset Management LLC boosted its position in shares of Monster Beverage by 14.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 50,907 shares of the company’s stock valued at $2,676,000 after acquiring an additional 6,380 shares during the last quarter. Finally, Cinctive Capital Management LP purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $1,463,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

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.