Latest Stocks: Monster Beverage Co. (MNST) Given Outperform Rating at Royal Bank of Canada

Latest Stocks: Monster Beverage Co. (MNST) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Monster Beverage Co. (NASDAQ:MNST) in a research note released on Monday, May 15th, StockTargetPrices.com reports. Royal Bank of Canada currently has a $61.00 target price on the stock.

A number of other research analysts have also recently commented on the stock. Morgan Stanley restated an overweight rating and set a $58.00 price target on shares of Monster Beverage in a research note on Monday, May 15th. Jefferies Group LLC restated a buy rating and set a $63.00 price target on shares of Monster Beverage in a research note on Monday, May 15th. Goldman Sachs Group Inc raised their price target on shares of Monster Beverage from $54.00 to $57.00 and gave the stock a buy rating in a research note on Monday, May 15th. Credit Suisse Group AG set a $59.00 price target on shares of Monster Beverage and gave the stock a buy rating in a research note on Saturday, May 6th. Finally, Susquehanna Bancshares Inc set a $41.00 price target on shares of Monster Beverage and gave the stock a hold rating in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $56.49.

Monster Beverage (NASDAQ MNST) opened at 51.11 on Monday. The company’s 50-day moving average price is $47.43 and its 200-day moving average price is $45.42. The stock has a market cap of $29.02 billion, a P/E ratio of 41.15 and a beta of 0.77. Monster Beverage has a 1-year low of $40.64 and a 1-year high of $55.50. Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $742.10 million during the quarter, compared to analysts’ expectations of $738.54 million. Monster Beverage had a net margin of 23.07% and a return on equity of 17.06%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. Analysts predict that Monster Beverage will post $1.48 EPS for the current year.

In other Monster Beverage news, insider Mark J. Hall sold 487,500 shares of Monster Beverage stock in a transaction on Monday, March 13th. The shares were sold at an average price of $46.34, for a total transaction of $22,590,750.00. Following the completion of the sale, the insider now owns 1,031,808 shares of the company’s stock, valued at approximately $47,813,982.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harold C. Taber, Jr. sold 15,000 shares of Monster Beverage stock in a transaction on Friday, March 10th. The stock was sold at an average price of $47.08, for a total transaction of $706,200.00. Following the sale, the director now directly owns 70,001 shares of the company’s stock, valued at approximately $3,295,647.08. The disclosure for this sale can be found here. In the last three months, insiders sold 595,500 shares of company stock valued at $27,586,110. 9.20% of the stock is currently owned by company insiders. Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Monster Beverage by 173.7% in the fourth quarter. FMR LLC now owns 44,625,735 shares of the company’s stock worth $1,978,704,000 after buying an additional 28,319,459 shares in the last quarter. BlackRock Inc. boosted its position in shares of Monster Beverage by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock worth $995,459,000 after buying an additional 20,475,879 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Monster Beverage by 214.4% in the fourth quarter. Loomis Sayles & Co. 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. Sands Capital Management LLC purchased a new position in shares of Monster Beverage during the fourth quarter worth $569,690,000. Finally, State Street Corp boosted its position in shares of Monster Beverage by 200.8% in the fourth quarter. State Street Corp now owns 16,704,037 shares of the company’s stock worth $740,660,000 after buying an additional 11,150,044 shares in the last quarter. 28.01% of the stock is currently owned by institutional investors.

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