Monster Beverage (MNST) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Monster Beverage (NASDAQ: MNST) in the last few weeks:

• 11/12/2024 – Monster Beverage had its price target raised by analysts at Argus from $55.00 to $65.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Monster Beverage had its price target raised by analysts at TD Cowen from $50.00 to $55.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Monster Beverage had its price target raised by analysts at UBS Group AG from $55.00 to $57.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Monster Beverage had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $61.00 to $59.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Monster Beverage had its price target raised by analysts at Stifel Nicolaus from $57.00 to $59.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Monster Beverage had its price target raised by analysts at Wells Fargo & Company from $57.00 to $60.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Monster Beverage had its price target lowered by analysts at JPMorgan Chase & Co. from $50.00 to $49.00. They now have a “neutral” rating on the stock.
• 10/15/2024 – Monster Beverage had its price target raised by analysts at Bank of America Co. from $56.00 to $57.00. They now have a “buy” rating on the stock.
• 10/7/2024 – Monster Beverage had its price target raised by analysts at UBS Group AG from $51.00 to $55.00. They now have a “neutral” rating on the stock.

Monster Beverage Stock Up 0.1 %

NASDAQ MNST traded up $0.08 on Friday, reaching $54.06. The company had a trading volume of 2,761,556 shares, compared to its average volume of 6,939,815. The company’s fifty day moving average is $52.68 and its 200 day moving average is $51.07. The stock has a market capitalization of $52.57 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.57 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Institutional Trading of Monster Beverage

A number of hedge funds have recently made changes to their positions in MNST. Journey Advisory Group LLC grew its position in Monster Beverage by 4.1% during the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after buying an additional 196 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Monster Beverage by 0.4% during the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after acquiring an additional 211 shares during the period. Accretive Wealth Partners LLC lifted its position in shares of Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares in the last quarter. Crewe Advisors LLC boosted its stake in shares of Monster Beverage by 37.5% in the second quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Monster Beverage by 0.3% during the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock worth $3,433,000 after purchasing an additional 232 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

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.