Published: Wed, May 24, 2017
Money | By Armando Alvarado

Monster Beverage's (MNST) Buy Rating Reaffirmed at BMO Capital Markets

The firm has "Buy" rating by Citigroup given on Friday, August 7. Based on a recent trade, the shares are hovering around $34.35 which, according to analysts, yield significant upside potential to the $41.40 consensus target price.

Several other large investors have also recently added to or reduced their stakes in the company.

Investors may be interested in viewing the Gross Margin score on shares of Monster Beverage Corporation (NasdaqGS:MNST). Zacks Investment Research lowered Monster Beverage from a "hold" rating to a "sell" rating in a research report on Tuesday, February 21st.

Monster Beverage Corporation (NASDAQ:MNST) was trading -12.90% below its 52-week high and +18.95% above its 52-week low.

Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. CLSA downgraded Monster Beverage Corporation (NASDAQ:MNST) on Wednesday, September 16 to "Outperform" rating. Equities research analysts anticipate that Monster Beverage will post $1.48 earnings per share for the current year. Susquehanna Bancshares Inc set a $39.00 price target on Monster Beverage and gave the company a "hold" rating in a research note on Sunday, January 15th.

Media stories about Monster Beverage (NASDAQ:MNST) have trended somewhat positive this week, Alpha One reports.

Monster Beverage Corporation has a 50 day moving average of 46.15 and a 200 day moving average of 44.90. The company has a market capitalization of $27.08 billion, a P/E ratio of 38.40 and a beta of 0.77.

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Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.01. Breaking that down further, it has performed 1.85% for the week, 6.50% for the month, 9.89% over the last quarter, 15.18% for the past half-year and -1.95% for this previous year. On average, analysts expect that Monster Beverage will post $1.48 earnings per share for the current fiscal year.

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The target payout ratio for Monster Beverage Corporation is now measuring at 0.00%, outlining what size the company's dividends should be. Nine Chapters Capital Management LLC purchased a new position in shares of Monster Beverage during the first quarter worth about $910,000. They now have a United States dollars 62 price target on the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 595,500 shares of company stock valued at $27,586,110.

In other Monster Beverage news, Director Harold C. Taber, Jr. sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 10th. Following the completion of the transaction, the insider now owns 1,031,808 shares of the company's stock, valued at $47,813,982.72. The disclosure for this sale can be found here. In the past three months the stock value surged 9.31%.

Equity research analysts have forecasted the stock level. Ltd. increased its stake in shares of Monster Beverage by 2.7% in the third quarter. The overall volume in the last trading session was 3.71 million shares. Mitsubishi UFJ Kokusai Asset Management Co. FMR LLC boosted its position in Monster Beverage by 173.7% in the fourth quarter. L P now owns 20,452,241 shares of the company's stock worth $906,852,000 after buying an additional 13,947,616 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Monster Beverage during the first quarter valued at $601,000.

Norinchukin Bank The increased its position in Monster Beverage Co. Credit Suisse AG now owns 866,332 shares of the company's stock valued at $39,998,000 after buying an additional 51,522 shares in the last quarter.

03/21/2017 - JP Morgan began new coverage on Monster Beverage Corporation giving the company a " rating.

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