Monster Beverage Co. (NASDAQ:MNST) Given Average Rating of “Moderate Buy” by Brokerages

Monster Beverage Co. (NASDAQ:MNST) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.45.

MNST has been the topic of several recent research reports. Piper Sandler lowered their target price on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped 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. Evercore ISI decreased their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Roth Mkm dropped their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, TD Cowen upped their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th.

Monster Beverage Trading Up 0.1 %

Shares of Monster Beverage stock opened at $54.06 on Wednesday. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The stock has a market cap of $52.57 billion, a PE ratio of 34.65, a PEG ratio of 2.58 and a beta of 0.74. The firm has a 50-day moving average of $52.74 and a 200-day moving average of $51.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Hedge Funds Weigh In On Monster Beverage

Institutional investors and hedge funds have recently bought and sold shares of the company. Blair William & Co. IL increased its stake in shares of Monster Beverage by 37.0% in the first quarter. Blair William & Co. IL now owns 13,421 shares of the company’s stock valued at $796,000 after buying an additional 3,624 shares during the period. Edgestream Partners L.P. acquired a new position in Monster Beverage in the 1st quarter valued at approximately $763,000. O Shaughnessy Asset Management LLC raised its stake in shares of Monster Beverage by 16.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 61,033 shares of the company’s stock valued at $3,618,000 after acquiring an additional 8,551 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Monster Beverage by 2.4% during the first quarter. Bessemer Group Inc. now owns 24,664 shares of the company’s stock worth $1,462,000 after purchasing an additional 570 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in shares of Monster Beverage by 33.9% in the first quarter. Lake Street Advisors Group LLC now owns 11,267 shares of the company’s stock worth $668,000 after purchasing an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

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.