Monster Beverage Co. (NASDAQ:MNST) has been given an average rating of “Buy” by the eighteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.74.
A number of analysts have recently weighed in on the company. Deutsche Bank assumed coverage on Monster Beverage in a research report on Wednesday, December 13th. They set a “hold” rating and a $66.00 target price for the company. Susquehanna Bancshares reiterated a “sell” rating and set a $56.00 target price on shares of Monster Beverage in a research report on Thursday, January 18th. Jefferies Group upped their target price on Monster Beverage from $64.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, November 28th. Cowen reiterated a “buy” rating and set a $77.00 target price on shares of Monster Beverage in a research report on Monday, January 22nd. Finally, Macquarie upped their target price on Monster Beverage from $65.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, December 21st.
In related news, CEO Rodney C. Sacks sold 697 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $44,963.47. Following the completion of the sale, the chief executive officer now directly owns 963,789 shares in the company, valued at approximately $62,174,028.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Rodney C. Sacks sold 898 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total value of $57,929.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,026 shares of company stock valued at $17,179,867. 9.40% of the stock is owned by corporate insiders.
Shares of Monster Beverage (NASDAQ MNST) traded up $0.47 during midday trading on Tuesday, reaching $65.40. The company’s stock had a trading volume of 850,281 shares, compared to its average volume of 2,410,000. Monster Beverage has a 52-week low of $41.02 and a 52-week high of $70.21. The firm has a market cap of $36,620.00, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09.
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Monster Beverage Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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