They now have a $57.00 target price on the stock. Monster Beverage Corporation's revenue for the quarter was up 9.6% on a year-over-year basis. Goldman Sachs Group, Inc.
04/04/2017 - Monster Beverage Corporation had its "buy" rating reiterated by analysts at Citigroup.
A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank raised its position in Monster Beverage Corporation by 42.2% in the second quarter. Analysts expect next quarter's EPS to be $0.37 and the next full year EPS is anticipated to be $1.71. United Capital Financial Advisers LLC now owns 9,878 shares of the company's stock worth $456,000 after buying an additional 38 shares in the last quarter. Equities research analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current year. Monster Beverage Corporation (NASDAQ:MNST) has declined 3.63% since August 11, 2016 and is downtrending. Westfield Capital Management Co Lp owns 1,015,540 shares valued at $50,452,000.
New Mexico Educational Retirement Board cut its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 8.1% during the second quarter, Holdings Channel reports. Monster Beverage Corp had 54 analyst reports since July 27, 2015 according to SRatingsIntel. Net profit margin of the company was recorded at 23.4 percent, operating profit margin was 35.2 percent, whereas gross profit margin stands at 62.7 percent. Stifel Financial Corp boosted its stake in shares of Monster Beverage Corporation by 210.6% in the first quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Monster Beverage Corporation by 188.1% in the fourth quarter. The fund owned 19,093 shares of the company's stock after selling 7,657 shares during the period.
Despite the fact Monster Beverage Corporation (NASDAQ:MNST) was trading at volume above average, prior 52-week high was $54.24 and plunged -2.08% over the same period, trading at a volume of 2.87 million. BMO Capital Markets reissued a "buy" rating on shares of Monster Beverage Corporation in a report on Thursday, April 27th. Coconut Grove Bank boosted its stake in shares of Monster Beverage Corporation by 128.0% in the first quarter. Gateway Investment Advisers LLC now owns 439,360 shares of the company's stock worth $21,827,000 after buying an additional 1,846 shares during the period.More news: A Rally Cat Lookalike Is in Custody - Could It Be the One?
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Other equities research analysts have also recently issued reports about the company. Jefferies maintained Monster Beverage Corporation (NASDAQ:MNST) on Tuesday, August 8 with "Buy" rating.
Over the past five trading sessions shares of Monster Beverage Corporation (NASDAQ:MNST) are -0.92%; 4.2% for the month; 9.67% for the last quarter; 22.17% for the past six-months; and -0.67% for the last 12 months. The firm earned "Buy" rating on Tuesday, June 20 by Stifel Nicolaus.
TRADEMARK VIOLATION NOTICE: This story was published by BNB Daily and is the sole property of of BNB Daily. The last close places the company's stock about $1.14 off its 52 week high of $2.03 and $0.24 above the 52 week low of $0.65. If you are reading this article on another site, it was illegally copied and reposted in violation of USA and global copyright and trademark legislation. Beta can be useful to gauge stock price volatility in relation to the broader market. PA's holdings in Monster Beverage Corporation were worth $949,000 as of its most recent filing with the SEC. It last trading capacity has been watched at 3.37 million shares and 2 million shares are explored as seeing the average capacity of last three months trading period. The original version of this story can be read at https://stocknewstimes.com/2017/08/11/world-asset-management-inc-sells-4848-shares-of-monster-beverage-corporation-nasdaqmnst-updated.html. Monster Beverage Corporation now has a consensus rating of "Buy" and a consensus target price of $56.28.
Monster Beverage Corporation is a holding company.