Monster Beverage (NASDAQ:MNST) Price Target Raised to $55.00 at TD Cowen

Monster Beverage (NASDAQ:MNST) had its price objective increased by TD Cowen from $50.00 to $55.00 in a research note published on Monday, Marketbeat.com reports. TD Cowen currently has a hold rating on the stock.

Several other equities analysts have also issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Bank of America lifted their price objective on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup reduced their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, UBS Group upped their price target on shares of Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.45.

Monster Beverage Stock Down 1.4 %

NASDAQ:MNST opened at $55.15 on Monday. The company has a market cap of $53.63 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a fifty day simple moving average of $52.18 and a 200-day simple moving average of $51.06.

Institutional Trading of Monster Beverage

A number of institutional investors have recently added to or reduced their stakes in MNST. LRI Investments LLC purchased a new stake in Monster Beverage during the 1st quarter worth $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage during the 2nd quarter valued at about $26,000. Kings Path Partners LLC bought a new position in Monster Beverage in the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage in the second quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Monster Beverage during the 1st quarter worth approximately $37,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

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.