Monster Beverage (NASDAQ:MNST) Price Target Raised to $88.00 at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its target price boosted by analysts at Deutsche Bank Aktiengesellschaft from $84.00 to $88.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 7.33% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. Argus increased their price target on shares of Monster Beverage from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Evercore boosted their price objective on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. BNP Paribas Exane upgraded Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research report on Friday, January 16th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $73.00 target price (up previously from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.43.

Monster Beverage Trading Down 1.4%

NASDAQ:MNST opened at $81.99 on Friday. The business’s 50-day moving average is $78.89 and its 200 day moving average is $71.42. Monster Beverage has a 12 month low of $50.93 and a 12 month high of $83.91. The company has a market capitalization of $80.11 billion, a P/E ratio of 46.59, a P/E/G ratio of 2.16 and a beta of 0.45.

Insiders Place Their Bets

In related news, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider owned 63,939 shares of the company’s stock, valued at $4,687,368.09. The trade was a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On Monster Beverage

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Monster Beverage by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 67,980,692 shares of the company’s stock valued at $5,212,080,000 after purchasing an additional 497,108 shares in the last quarter. State Street Corp raised its stake in Monster Beverage by 0.8% in the fourth quarter. State Street Corp now owns 38,021,648 shares of the company’s stock worth $2,915,120,000 after buying an additional 302,557 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Monster Beverage by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock worth $1,656,847,000 after buying an additional 385,692 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Monster Beverage by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 19,625,097 shares of the company’s stock worth $1,509,369,000 after buying an additional 330,766 shares during the period. Finally, Invesco Ltd. boosted its position in Monster Beverage by 6.3% during the 3rd quarter. Invesco Ltd. now owns 11,675,603 shares of the company’s stock valued at $785,885,000 after acquiring an additional 692,192 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

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.