Monster Beverage (NASDAQ:MNST) Stock Price Expected to Rise, Piper Sandler Analyst Says

Monster Beverage (NASDAQ:MNST – Get Free Report) had its price target increased by equities researchers at Piper Sandler from $50.50 to $53.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler‘s price objective would indicate a potential upside of 15.92% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company restated an “overweight” rating and set a $50.00 price objective (up from $48.00) on shares of Monster Beverage in a report on Monday, October 26th. UBS Group reaffirmed a “neutral” rating and issued a $50.00 price objective (up from $49.00) on shares of Monster Beverage in a research report on Friday. Sanford C. Bernstein reduced their target price on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $47.50 target price (up from $36.50) on shares of Monster Beverage in a research report on Monday, July 20th. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Get Our Latest Stock Analysis on Monster Beverage

Monster Beverage Stock Performance

Shares of MNST opened at $45.72 on Friday. The stock has a market capitalization of $89.57 billion, a PE ratio of 41.38, a P/E/G ratio of 2.88 and a beta of 0.51. The company’s fifty day moving average is $44.71 and its 200 day moving average is $43.30. Monster Beverage has a fifty-two week low of $34.26 and a fifty-two week high of $50.17.

Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. Monster Beverage had a return on equity of 25.75% and a net margin of 22.66%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, research analysts forecast that Monster Beverage will post 1.15 earnings per share for the current year.

Institutional Trading of Monster Beverage

Institutional investors and hedge funds have recently bought and sold shares of the business. Johnson Financial Group Inc. acquired a new position in Monster Beverage during the second quarter valued at $27,000. Jones Financial Companies Lllp purchased a new stake in Monster Beverage in the second quarter valued at $28,000. Trust Co. of Vermont acquired a new stake in Monster Beverage during the 2nd quarter worth about $30,000. NBH Bank acquired a new stake in Monster Beverage during the 2nd quarter worth about $32,000. Finally, Clearstead Trust LLC acquired a new stake in Monster Beverage during the 2nd quarter worth about $32,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage News Roundup

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

About Monster Beverage

(Get Free Report)

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages.

The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012.

Based in Corona, California, Monster sells its products in the United States and internationally.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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