Monster Beverage (NASDAQ:MNST) Given New $105.00 Price Target at Evercore

Monster Beverage (NASDAQ:MNST) had its price target raised by Evercore from $95.00 to $105.00 in a research note published on Friday, MarketBeat reports. Evercore currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Sanford C. Bernstein assumed coverage on Monster Beverage in a research report on Friday, June 12th. They issued a “market perform” rating and a $95.00 price objective for the company. Stifel Nicolaus boosted their target price on Monster Beverage from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed a “market perform” rating and set a $95.00 target price (up from $73.00) on shares of Monster Beverage in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft cut Monster Beverage from a “buy” rating to a “hold” rating and increased their price target for the company from $94.00 to $98.00 in a research note on Monday, July 20th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.55.

Monster Beverage Trading Down 4.0%

Shares of NASDAQ MNST opened at $90.36 on Friday. The stock has a market capitalization of $88.37 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The stock’s fifty day simple moving average is $94.34 and its two-hundred day simple moving average is $84.75. Monster Beverage has a 12-month low of $60.97 and a 12-month high of $100.34.

Monster Beverage shares are set to split on Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly issued shares will be payable to shareholders after the closing bell on Monday, August 10th.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a return on equity of 26.91% and a net margin of 23.08%.The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts predict that Monster Beverage will post 2.31 earnings per share for the current fiscal year.

Monster Beverage declared that its Board of Directors has initiated a share buyback program on Friday, May 15th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 7,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the transaction, the chief financial officer directly owned 62,553 shares of the company’s stock, valued at approximately $5,492,778.93. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the transaction, the insider owned 71,763 shares of the company’s stock, valued at approximately $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Monster Beverage

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Monster Beverage in the second quarter worth $5,770,004,000. Norges Bank purchased a new position in shares of Monster Beverage during the fourth quarter worth $691,104,000. Massachusetts Financial Services Co. MA lifted its position in Monster Beverage by 7,360.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock valued at $474,695,000 after purchasing an additional 6,108,420 shares during the period. Wellington Management Group LLP lifted its position in Monster Beverage by 133.4% during the fourth quarter. Wellington Management Group LLP now owns 8,499,546 shares of the company’s stock valued at $651,660,000 after purchasing an additional 4,858,109 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Monster Beverage in the second quarter valued at $440,838,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Key Stories Impacting Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Q2 results exceeded expectations: Monster reported earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue rose 20.2% year over year to $2.50 billion, ahead of the $2.43 billion forecast. Monster Beverage earnings report
• Positive Sentiment: Broad-based growth remains intact: Energy-drink demand, international markets and the company’s core business drove the sales acceleration. Management also reported improving margins despite higher costs. Monster Beverage Q2 sales growth
• Positive Sentiment: Analysts raised price targets: Piper Sandler increased its target to $101 and maintained an overweight rating; Evercore raised its target to $105 with an outperform rating; and UBS lifted its target to $105 while retaining a neutral rating. These targets imply meaningful upside from the cited reference price. Piper Sandler price target
• Neutral Sentiment: Pricing actions are planned: Monster outlined selective pricing actions for the fourth quarter of 2026 and scheduled an investor meeting for December 1, which could provide additional details on strategy, margins and growth outlook. Monster pricing actions and investor meeting
• Negative Sentiment: Strong results were not enough to support the stock: The market reaction indicates elevated expectations may already have been reflected in MNST’s valuation. With a high earnings multiple and shares near their 12-month high, investors may be demanding stronger forward guidance or a larger earnings surprise.
• Negative Sentiment: Cost and execution risks remain: Rising costs continue to pressure profitability, while the company’s ability to sustain international growth and successfully implement pricing will be important to future earnings momentum.

About Monster Beverage

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.