Monster Beverage (NASDAQ:MNST) Price Target Cut to $59.00 by Analysts at Deutsche Bank Aktiengesellschaft

Monster Beverage (NASDAQ:MNST) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $61.00 to $59.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Evercore ISI lowered their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. BMO Capital Markets lowered their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Citigroup lowered their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen lowered their target price on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Monster Beverage Trading Down 1.1 %

Shares of Monster Beverage stock traded down $0.59 on Friday, hitting $54.14. 10,426,260 shares of the company’s stock traded hands, compared to its average volume of 5,524,266. The firm’s 50-day moving average price is $51.69 and its two-hundred day moving average price is $51.03. The stock has a market capitalization of $53.03 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.48 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 company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that Monster Beverage will post 1.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Monster Beverage

Large investors have recently modified their holdings of the business. LRI Investments LLC acquired a new position in shares of Monster Beverage during the 1st quarter worth about $26,000. Stephens Consulting LLC acquired a new stake in Monster Beverage in the 2nd quarter valued at about $26,000. Kings Path Partners LLC acquired a new stake in Monster Beverage in the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage in the 2nd quarter valued at about $30,000. Finally, Crewe Advisors LLC acquired a new stake in Monster Beverage in the 1st quarter valued at about $37,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

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.