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

Monster Beverage (NASDAQ:MNST) had its price objective decreased by UBS Group from $57.00 to $53.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC initiated coverage on shares of Monster Beverage in a report on Friday, December 6th. They issued a “hold” rating on the stock. Argus boosted their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their target price on Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company raised their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.10.

Monster Beverage Stock Up 0.8 %

Monster Beverage stock opened at $49.65 on Thursday. The firm has a 50 day moving average price of $53.00 and a two-hundred day moving average price of $51.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a market cap of $48.29 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.74.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Monster Beverage

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC raised its stake in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after purchasing an additional 213 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in shares of Monster Beverage by 1.3% in the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 225 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Monster Beverage by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after purchasing an additional 232 shares during the last quarter. UMB Bank n.a. raised its position in Monster Beverage by 20.6% in the 3rd quarter. UMB Bank n.a. now owns 1,412 shares of the company’s stock worth $74,000 after purchasing an additional 241 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after purchasing an additional 259 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Company Profile

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.