Bank of New York Mellon Corp owned about 0.94% of Monster Beverage worth $245,627,000 at the end of the most recent quarter. Finally, Franklin Resources Inc. increased its position in shares of Monster Beverage by 173.3% in the fourth quarter. Municipal Employees Retirement System of MI now owns 4,450 shares of the company's stock valued at $653,000 after buying an additional 20 shares during the last 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. Rothschild Asset Management Inc. raised its position in Monster Beverage by 34.0% in the third quarter. L P increased its position in Monster Beverage by 214.4% in the fourth quarter. First Trust Advisors LP now owns 313,691 shares of the company's stock valued at $46,053,000 after buying an additional 277,229 shares during the last quarter. FMR LLC increased its position in Monster Beverage by 173.7% in the fourth quarter. Institutional investors and hedge funds own 28.01% of the company's stock. (NASDAQ:MNST) traded up 0.93% during mid-day trading on Wednesday, hitting $49.89. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. They now have a Dollars 61 price target on the stock. Monster Beverage Corporation has a 20-Day Simple Moving Average . The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $742.10 million for the quarter, compared to the consensus estimate of $738.54 million. Monster Beverage had a return on equity of 17.06% and a net margin of 23.07%. During the same quarter in the prior year, the company posted $0.79 earnings per share. On average, equities analysts anticipate that Monster Beverage Co. will post $1.48 EPS for the current year. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and global copyright & trademark legislation. And it remains to be seen which target price MNST can achieve without sacrificing much as the company is holding a 1.79% gain for the past twelve months.
A number of research analysts have recently issued reports on MNST shares.
According to the latest research reports released, 5 analysts have issued a rating of "buy", 9 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Goldman Sachs Group Inc boosted their price objective on Monster Beverage from $54.00 to $57.00 and gave the company a "buy" rating in a research note on Monday, May 15th.
Over the last 5 years, Monster Beverage Corporation has averaged a 18.40% YoY EPS growth rate and a 12.40% revenue growth rate. Finally, BMO Capital Markets reiterated an outperform rating and issued a $55.00 target price on shares of Monster Beverage in a research note on Saturday, January 14th. The rating was maintained by Citigroup with "Buy" on Friday, August 7. Jefferies upgraded the shares of MNST in report on Wednesday, December 21 to "Buy" rating.
Delineated as the total market value of all outstanding shares of the company, the current market cap for Monster Beverage Corporation is valued at 28.82 B. The prevailing figure will allow the investment community to determine the size of Monster Beverage Corporation in contrast to the sales or total assets figures. The shares were sold at an average price of $46.12, for a total value of $4,289,160.00. Following the transaction, the insider now directly owns 866,808 shares in the company, valued at $39,977,184.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark J. Hall sold 487,500 shares of the company's stock in a transaction that occurred on Monday, March 13th.