Deutsche Bank Aktiengesellschaft Cuts Monster Beverage (NASDAQ:MNST) Price Target to $90.00

Monster Beverage (NASDAQ:MNST) had its target price lowered by Deutsche Bank Aktiengesellschaft from $94.00 to $90.00 in a research note issued to investors on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Morgan Stanley restated an “overweight” rating and set a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. The Goldman Sachs Group upped their target price on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Friday, January 16th. UBS Group boosted their price target on shares of Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.76.

Monster Beverage Price Performance

MNST opened at $72.77 on Monday. Monster Beverage has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The company’s 50 day moving average price is $79.06 and its two-hundred day moving average price is $74.40. The firm has a market capitalization of $71.16 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.39 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. Monster Beverage’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that Monster Beverage will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in Monster Beverage in the 3rd quarter valued at $27,000. Harbor Investment Advisory LLC increased its stake in Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares in the last quarter. Finally, First Horizon Corp acquired a new position in Monster Beverage during the third quarter worth $29,000. Institutional investors own 72.36% of the company’s stock.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.