BNP Paribas Issues Pessimistic Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Monster Beverage (NASDAQ:MNST) had its target price lowered by investment analysts at BNP Paribas from $46.00 to $45.00 in a research note issued on Thursday, Marketbeat reports. The brokerage currently has an “underperform” rating on the stock. BNP Paribas’ price target points to a potential downside of 12.99% from the company’s previous close.

MNST has been the topic of a number of other research reports. Bank of America increased their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. UBS Group increased their target price on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. TD Cowen lifted their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC assumed coverage on Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.30.

Monster Beverage Stock Up 1.6 %

Shares of NASDAQ MNST opened at $51.72 on Thursday. 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 business has a 50-day moving average of $53.57 and a 200-day moving average of $51.06. The firm has a market capitalization of $50.30 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.49 and a beta of 0.74. Monster Beverage has a 12 month low of $43.32 and a 12 month high of $61.22.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Monster Beverage

Large investors have recently added to or reduced their stakes in the stock. Dai ichi Life Insurance Company Ltd lifted its position in shares of Monster Beverage by 2.3% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after purchasing an additional 532 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Monster Beverage by 6.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock worth $13,124,000 after buying an additional 15,611 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Monster Beverage by 6.7% in the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after buying an additional 9,496 shares during the period. Wellington Management Group LLP boosted its position in Monster Beverage by 18.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after acquiring an additional 596,078 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Monster Beverage by 6.8% during the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company’s stock worth $108,408,000 after acquiring an additional 133,080 shares during the period. Institutional investors own 72.36% of the company’s stock.

About Monster Beverage

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.