BNP Paribas Lowers Monster Beverage (NASDAQ:MNST) Price Target to $45.00

Monster Beverage (NASDAQ:MNST) had its price target decreased by stock analysts at BNP Paribas from $46.00 to $45.00 in a report released on Thursday,Briefing.com Automated Import reports. The brokerage presently has an “underperform” rating on the stock. BNP Paribas’ price objective suggests a potential downside of 11.66% from the stock’s current price.

Several other brokerages also recently weighed in on MNST. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Stifel Nicolaus upped their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Bank of America lifted their price target on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company boosted their price target on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.30.

Monster Beverage Stock Down 1.2 %

Shares of MNST stock traded down $0.60 during trading hours on Thursday, reaching $50.94. 1,417,890 shares of the company’s stock were exchanged, compared to its average volume of 6,753,321. Monster Beverage has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The stock’s 50 day moving average is $53.56 and its 200-day moving average is $51.06. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The company has a market cap of $49.54 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.49 and a beta of 0.74.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Monster Beverage

Several institutional investors have recently bought and sold shares of the company. American Trust purchased a new position in shares of Monster Beverage in the third quarter worth about $687,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Monster Beverage by 22.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,064 shares of the company’s stock worth $316,000 after purchasing an additional 1,131 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Monster Beverage in the third quarter valued at approximately $307,000. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Monster Beverage by 10.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,071 shares of the company’s stock valued at $369,000 after purchasing an additional 664 shares during the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in Monster Beverage by 3.6% during the third quarter. Hohimer Wealth Management LLC now owns 20,420 shares of the company’s stock worth $1,065,000 after buying an additional 714 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.