Monster Beverage Corporation, launched on August 12, 2014, develops, markets, sells and distributes energy drink beverages, sodas and/or concentrates for energy drink beverages, primarily under various brand names, including Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, Muscle Monster, Mega Monster Energy, Punch Monster, Juice Monster, Ubermonster, BU, Mutant Super Soda, Nalu, NOS, Burn, Mother, Ultra, Play and Power Play, Gladiator, Relentless, Samurai, BPM and Full Throttle. It opened the session with a $7.7 price tag, later ranging from $7.66 to $7.78, the range at which the stock has traded at throughout the day.
A number of hedge funds and other institutional investors have recently bought and sold shares of NBEV. Three brokerage firms recommended the company shares with a hold recommendation, around ten have published a buy recommendation and two has issued a strong buy recommendation to the share. the share presently has a consensus recommendation of “Buy” and an average price target of $56.28. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, November 4. Five analysts have issued estimates for Monster Beverage Corporation’s earnings, with the highest sales estimate coming in at $914.90 million and the lowest estimate coming in at $885.30 million. The firm’s 50-day moving average is $52.93 and its 200 day moving average is $48.67. (NYSE:AGI) is performing 13.6%.
The company is trading down from yesterday’s close of $55.16. Winton Group Ltd owns 181,329 shares worth $9,008,000. The value of the investment in MNST decreased from $362,000 to $41,000 a change of $321,000 since the last quarter. Current price level places the company’s stock about -1.08% from the 52-week high and 35.29% away from the 52-week low. Goldman Sachs Group, (The) raised their price objective on Monster Beverage Corporation from $54.00 to $57.00 and issued the shares a “buy” recommendation in a study on Fri, May 5th. The consensus rating is 2, indicating analysts in general look favorably on the company’s future prospects. Finally, Morgan Stanley reissued an “overweight” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a research report on Friday, May 5th.
On August 9 Credit Suisse kept the company rating at “Outperform” and lowered the price target from $187.00 to $61.00. The number of shares now owned by investors are 564.6 mln. The P/E ratio is 41.89 and market cap is 31.47B. Monster Beverage Corporation had a ROE of 22.96% and a net profit margin of 23.98%. the company reported sales of $907.07 M for the period compared to brokers forecast of $901.38 M. For the same quarter previous year, firm reported $0.99 Earnings Per Share. The rating was maintained by Susquehanna on Monday, June 19 with “Hold”. The count of Hold ratings in that period was 6.
Vanguard Group Inc says it bought 374,691 shares last quarter increasing its holdings in Monster Beverage Corporation by 314.6%. The 50 day moving average was up $2.34 and the 200 day average moved up $6.45.