A number of institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Capital Advisors LLC grew its stake in Monster Beverage by 4.3% in the 4th quarter. MNST has diverse figures for different time frames; starting from week's performance it is giving positive returns of 2.00% in last five regular trading sessions. APG Asset Management N.V. raised its holdings in Monster Beverage by 32.7% during the 4th quarter. Boston Advisors LLC now owns 506,455 shares of the company's stock valued at $32,054,000 after buying an additional 25,197 shares during the last quarter.
Several equities research analysts have recently commented on MNST shares. They see Monster Beverage Corporation (MNST) price hitting a mean target of $70.06 a share, meaning the stock still has potential that could lift the price another 3.33% Also, the recent close suggests the stock is underpriced by 17.99% compared to the most bullish target. Deutsche Bank initiated coverage on Monster Beverage in a report on Wednesday, December 13th. Of the 18 analysts surveyed by Reuters that track MNST 3 of them rate its stock a hold. Cowen restated a "buy" rating and set a $58.00 price objective on shares of Monster Beverage in a report on Friday, October 27th. Credit Suisse Group reissued an outperform rating and issued a $77.00 price objective (up from $69.00) on shares of Monster Beverage in a research note on Wednesday, January 17th. The direction of this stock is getting Strongest.This is an indicator for investors to know whether the stock is heading towards a Buy or Sell, or whether the Hold is advancing towards a Buy or a Sell. The rating was maintained by Jefferies on Monday, June 12 with "Buy".
In other news, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the company's stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $4,025,768.58. Following the completion of the sale, the insider now owns 967,456 shares of the company's stock, valued at approximately $62,429,935.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Rodney C. Sacks sold 189,861 shares of the firm's stock in a transaction on Tuesday, December 26th. The stock is now trading 0.20% away from the 52-week high and separated 67.99% from the 52-week low. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,026 shares of company stock valued at $17,179,867.
Sabre Corporation (SABR) remained successful in beating the consensus-estimated $0.29 as it actually earned $0.31 per share in its last reported financial results.
Shares of Monster Beverage Co.
Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume - ADTV). When analyzing at performance throughout recent 6 months we have seen that Monster Beverage Corporation (MNST) is surging with an upward movement of 26.56%. The company has a market capitalization of $38,236.71, a PE ratio of 49.94, a PEG ratio of 1.95 and a beta of 0.94.
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Monster Beverage Corporation (NASDAQ: MNST) has grabbed attention from the analysts when it experienced a change of -0.70% in the last trading session to close at $67.80. The company reported $0.40 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.40.
Monster Beverage Cp's Williams Percent Range or 14 day Williams %R now sits at -1.13. During the same quarter in the prior year, the firm posted $0.34 EPS. Monster Beverage's revenue was up 15.4% on a year-over-year basis. analysts expect that Monster Beverage will post 1.48 EPS for the current year.
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Headlines about Monster Beverage (NASDAQ:MNST) have trended somewhat positive this week, Accern reports.
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally.
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