Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Monster Beverage (NASDAQ:MNST) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $60.00 to $61.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 17.49% from the stock’s previous close.

Several other research firms have also recently weighed in on MNST. Wells Fargo & Company increased their price target on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Argus upped their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC assumed coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating for the company. Finally, UBS Group dropped their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage has an average rating of “Hold” and a consensus price target of $55.63.

Monster Beverage Stock Up 0.5 %

MNST stock opened at $51.92 on Friday. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22. The business’s 50 day simple moving average is $50.21 and its 200 day simple moving average is $51.08. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $50.49 billion, a PE ratio of 33.28, a PEG ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, research analysts anticipate that Monster Beverage will post 1.62 EPS for the current year.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Monster Beverage

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in Monster Beverage during the 4th quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the 4th quarter worth about $33,000. 72.36% of the stock is owned by institutional investors.

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.