Evercore Boosts Monster Beverage (NASDAQ:MNST) Price Target to $105.00

Monster Beverage (NASDAQ:MNST) had its target price boosted by Evercore from $95.00 to $105.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Evercore’s target price points to a potential upside of 11.51% from the stock’s current price.

A number of other research analysts have also commented on the company. UBS Group raised their price target on Monster Beverage from $84.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Bank of America decreased their target price on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company raised their target price on shares of Monster Beverage from $97.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lowered shares of Monster Beverage from a “buy” rating to a “hold” rating and upped their price target for the stock from $94.00 to $98.00 in a research note on Monday, July 20th. Finally, Rothschild & Co Redburn upgraded shares of Monster Beverage from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $90.00 in a report on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.15.

Monster Beverage Stock Performance

MNST stock opened at $94.16 on Friday. The stock has a market capitalization of $92.09 billion, a price-to-earnings ratio of 45.49, a PEG ratio of 3.07 and a beta of 0.53. Monster Beverage has a 1 year low of $59.80 and a 1 year high of $100.34. The stock’s fifty day moving average is $94.29 and its two-hundred day moving average is $84.71.

Shares of Monster Beverage are set to split on the morning of Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly issued shares will be issued to shareholders after the closing bell on Monday, August 10th.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, analysts predict that Monster Beverage will post 2.31 EPS for the current fiscal year.

Monster Beverage declared that its board has initiated a share repurchase program on Friday, May 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark J. Hall sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total transaction of $4,633,740.00. Following the completion of the sale, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. This trade represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Guy Carling sold 19,000 shares of Monster Beverage stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the completion of the transaction, the chief executive officer owned 21,863 shares in the company, valued at approximately $1,987,346.70. This trade represents a 46.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 178,700 shares of company stock valued at $15,457,562 over the last 90 days. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Monster Beverage

A number of hedge funds have recently modified their holdings of MNST. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Monster Beverage during the second quarter valued at $175,908,000. OneDigital Investment Advisors LLC purchased a new position in Monster Beverage in the 2nd quarter worth about $1,559,000. Plato Investment Management Ltd acquired a new stake in Monster Beverage during the 2nd quarter worth about $3,523,000. Bell Investment Advisors Inc acquired a new stake in Monster Beverage during the 2nd quarter worth about $61,000. Finally, Cura Wealth Advisors LLC purchased a new stake in Monster Beverage during the second quarter valued at about $261,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Q2 results exceeded expectations: Monster reported earnings of $0.60 per share versus the $0.58 consensus estimate and revenue of $2.50 billion, ahead of expectations for $2.43 billion. Revenue increased 20.2% year over year, while EPS rose from $0.52 in the prior-year quarter. Monster Beverage earnings results
• Positive Sentiment: International expansion is driving growth: Reports highlighted strong demand outside the United States as a key contributor to the 20% sales increase. Continued global energy-drink demand provides a potential avenue for further revenue growth. Monster Beverage sales rise on international growth
• Positive Sentiment: Core business momentum remains strong: Coverage emphasized renewed strength in Monster’s flagship energy-drink portfolio, supporting the view that growth is not solely dependent on newer product categories. Monster core energy-drink growth
• Neutral Sentiment: Pricing and investor updates: Monster outlined selective pricing actions for the fourth quarter of 2026 and scheduled an investor meeting for December 1. Pricing could support revenue and margins, but management’s selective approach suggests it is balancing pricing benefits against consumer demand and competitive conditions. Monster pricing actions and investor meeting
• Negative Sentiment: Valuation remains a risk: Despite the earnings beat, MNST trades at a relatively elevated valuation, with a P/E ratio above 45 and a PEG ratio above 3. Continued strong growth may already be reflected in the share price, leaving limited room for disappointment.

Monster Beverage Company Profile

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.