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Monster Beverage Corp. shares (NASDAQ: MNST) received an average "buy" recommendation from nineteen research companies that cover the company, Marketbeat Ratings reports: an badyst rated the stock with a sales note, five gave a pbading grade, twelve gave a purchase grade and one awarded a strong rating to the company. A number of research firms have commented on the NMST: Zacks Investment Research downgraded Monster Beverage's shares from a "buy" rating to a "hold" rating in a Monday research report, BMO Capital Markets a raised its price target on Monster Beverage shares from $ 68.00 to $ 70.00 and awarded the stock an "outperformance" rating in a research report on Thursday, July 19th. a "buy" rating to a "strong buy" rating in a research report on Tuesday, July 17th. Stifel Nicolaus increased its price target on Monster Beverage shares from $ 63.00 to $ 65.00 and awarded a "buy" rating to the stock in a research report on Thursday, July 12th. Finally, ValuEngine upgraded Monster Beverage shares from a "hold" rating to a "buy" rating in a research report on Wednesday, July 11th.
Institutional investors have recently added or reduced their holdings in the company. BlackRock Inc. increased its position in Monster Beverage by 2.1% in the first quarter. BlackRock Inc. now holds 23,226,842 shares of the Company valued at $ 1,328,806,000 after purchasing an additional 487,443 shares during the last quarter. JPMorgan Chase & Co. increased its position in Monster Beverage by 10.1% in the first quarter. JPMorgan Chase & Co. now holds 6,792,151 shares of the Company valued at $ 388,579,000 after purchasing 623,336 additional shares in the last quarter. Franklin Resources Inc. increased its position in Monster Beverage by 0.7% in the first quarter. Franklin Resources Inc. now holds 5,610,583 shares of the Company valued at $ 320,984,000 after purchasing an additional 40,294 shares during the last quarter. Wells Fargo & Company MN increased its position in Monster Beverage by 11.5% in the first quarter. Wells Fargo & Company MN now holds 3,841,741 shares of the Company valued at $ 219,785,000 after purchasing 394,860 additional shares during the last quarter. Finally, Legal & General Group Plc increased its position in Monster Beverage by 0.8% in the first quarter. Legal & General Group Plc now holds 1,888,665 shares of the Company valued at $ 108,031,000 after purchasing an additional 15,407 shares during the last quarter. 65.20% of the shares are currently held by institutional investors and hedge funds.
NASDAQ: The NMST rose $ 0.37 at mid-day Friday, reaching $ 61.45. The stock had a trading volume of 51,898 shares, compared with its average volume of 1,908,407. The company has a market capitalization of $ 34.32 billion, a PE ratio of 42.07, a P / E / G ratio of 2.23 and a beta of 1.28. Monster Beverage has a 52-week low of $ 47.61 and a high of $ 52.21 in 52 weeks.
Monster Beverage (NASDAQ: MNST) last published its quarterly results on Tuesday, May 8. The company reported earnings per share of $ 0.39 for the quarter, which corresponds to Thomson Reuters' consensus estimate of $ 0.39. Monster Beverage recorded a net margin of 24.69% and a return on equity of 22.88%. The company achieved a turnover of $ 850.92 million for the quarter, compared to the consensus estimate of $ 845.88 million. During the same period last year, the company posted earnings per share of $ 0.31. Monster Beverage's quarterly business figure increased 14.7% over the same quarter last year. The sell-side badysts predict that Monster Beverage will post earnings per share of 1.71 for the current fiscal year.
Monster Beverage said its board of directors had authorized a share buyback program on Wednesday, May 30 that allows the company to buy back $ 500.00 in outstanding shares. This repurchase authorization allows the company to purchase up to 1.8% of its shares through free market purchases. Stock repurchase programs usually indicate that the board of directors of the company believes that its shares are undervalued.
Company Profile Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells and distributes energy drinks, soda and its concentrates to the United States. United States and abroad. It operates through three segments: Monster energy drinks, strategic brands and others. The company offers packaged ready-to-eat beverages, non-carbonated coffee and energy drinks, and non-carbonated energy drinks primarily to bottlers and full-service beverage distributors, and sells directly to grocery stores and specialty chains, restaurants, and retailers. wholesalers, club stores, pharmacies, department stores, convenience stores, food service customers and the military; and concentrates and / or drinking bases for permitted bottling and canning operations; and ready-to-drink packaged energy drinks for bottlers and full-service beverage dispensers
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