UBS Group Lowers Monster Beverage (NASDAQ:MNST) Price Target to $53.00

Monster Beverage (NASDAQ:MNST) had its price target cut by equities researchers at UBS Group from $57.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 7.24% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. TD Cowen increased their target price 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. Needham & Company LLC started coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Bank of America increased their target price on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company raised their price target on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $55.47.

Monster Beverage Stock Down 0.5 %

Shares of NASDAQ MNST opened at $49.42 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market capitalization of $48.06 billion, a PE ratio of 31.68, a P/E/G ratio of 2.10 and a beta of 0.74. Monster Beverage has a one year low of $43.32 and a one year high of $61.22. The business’s fifty day moving average price is $52.89 and its 200-day moving average price is $51.25.

Insider Activity at Monster Beverage

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

Institutional Trading of Monster Beverage

A number of hedge funds have recently made changes to their positions in MNST. University of Texas Texas AM Investment Management Co. purchased a new stake in Monster Beverage during the second quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage during the 4th quarter valued at about $30,000. Quarry LP raised its holdings in shares of Monster Beverage by 152.0% during the 2nd quarter. Quarry LP now owns 824 shares of the company’s stock valued at $41,000 after buying an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after buying an additional 1,126 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Monster Beverage by 84.9% in the fourth quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock worth $62,000 after buying an additional 544 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

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.