Jefferies Financial Group Reaffirms Buy Rating for Monster Beverage (MNST)

Jefferies Financial Group reaffirmed their buy rating on shares of Monster Beverage (NASDAQ:MNST) in a research report released on Friday morning. They currently have a $71.00 target price on the stock.

“We came away positive from MNST’s NYC Analyst Day as commentary centered on: (i) high expectations for Reign launch (March) in performance segment in response to Bang, (ii) update on.”,” Jefferies Financial Group’s analyst commented.

Several other brokerages also recently issued reports on MNST. Morgan Stanley downgraded Monster Beverage from an overweight rating to an equal weight rating and lifted their price objective for the stock from $50.02 to $57.00 in a research report on Thursday, November 8th. Zacks Investment Research upgraded Monster Beverage from a hold rating to a buy rating and set a $64.00 price objective for the company in a research report on Wednesday, November 14th. UBS Group initiated coverage on Monster Beverage in a research report on Thursday, December 13th. They set a sell rating and a $48.00 price objective for the company. SunTrust Banks upgraded Monster Beverage from a hold rating to a buy rating and upped their price objective for the stock from $50.00 to $65.00 in a report on Tuesday, January 8th. Finally, BidaskClub upgraded Monster Beverage from a sell rating to a hold rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $62.27.



Shares of Monster Beverage stock opened at $55.58 on Friday. Monster Beverage has a 1 year low of $47.61 and a 1 year high of $70.21. The company has a market cap of $30.73 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.74 and a beta of 1.45.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Monster Beverage had a return on equity of 25.47% and a net margin of 25.86%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $988.73 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Monster Beverage will post 1.77 earnings per share for the current fiscal year.

In other Monster Beverage news, Director Harold C. Taber, Jr. sold 9,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $54.55, for a total value of $490,950.00. Following the completion of the transaction, the director now directly owns 77,238 shares of the company’s stock, valued at approximately $4,213,332.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thomas J. Kelly sold 14,661 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $53.73, for a total transaction of $787,735.53. Following the completion of the transaction, the executive vice president now directly owns 24,312 shares of the company’s stock, valued at $1,306,283.76. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its stake in shares of Monster Beverage by 17.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 2,017 shares of the company’s stock valued at $118,000 after purchasing an additional 300 shares in the last quarter. Cozad Asset Management Inc. raised its stake in shares of Monster Beverage by 2.9% in the 4th quarter. Cozad Asset Management Inc. now owns 11,750 shares of the company’s stock valued at $578,000 after purchasing an additional 330 shares in the last quarter. Avitas Wealth Management LLC raised its stake in shares of Monster Beverage by 2.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 35,655 shares of the company’s stock valued at $2,078,000 after purchasing an additional 774 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Monster Beverage by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 6,900 shares of the company’s stock valued at $402,000 after purchasing an additional 975 shares in the last quarter. Finally, HPM Partners LLC raised its stake in shares of Monster Beverage by 3.6% in the 3rd quarter. HPM Partners LLC now owns 28,296 shares of the company’s stock valued at $1,649,000 after purchasing an additional 991 shares in the last quarter. Institutional investors and hedge funds own 64.54% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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Analyst Recommendations for Monster Beverage (NASDAQ:MNST)

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