Td Asset Management Inc Lowers Its Stake in Monster Beverage Cp (MNST)

Cornelia Mascio
Novembre 14, 2017

BidaskClub raised shares of Monster Beverage Corporation from a "hold" rating to a "buy" rating in a research note on Wednesday, July 19th. With Monster Beverage Corporation (NASDAQ:MNST) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. The same analysts have a future one-year price target of $61.47 on the shares. Macquarie initiated coverage on shares of Monster Beverage Corporation in a research note on Thursday, September 14th. They issued an outperform rating and a $65.00 target price for the company. The analyst recommendations from a month ago are 13 Buy, 1 Overweight, 0 Sell, 5 Hold and 0 Underweight. The rating was maintained by BMO Capital Markets on Tuesday, June 6 with "Buy".

With a change of 1.70% the price for MNST is $62.20. The company has a market cap of $34,492.00, a P/E ratio of 41.60, a PEG ratio of 2.18 and a beta of 0.91. A higher P/E allows an investor to expect higher earnings growth compared to the companies with a lower P/E. Monster Beverage Corporation, (reader can compare this with other companies that he is interested in).

Monster Beverage Corporation (MNST) has an operating margin of 35.70%. The average analysts gave this company a mean recommendation of 3.30. The firm had revenue of $909.50 million for the quarter, compared to the consensus estimate of $903.82 million. MNST now has a profit margin of 23.90%. Monster Beverage Corporation's revenue was up 15.4% on a year-over-year basis.

Monster Beverage Corporation's ROA is 17.71%, while industry's average is 4.07%. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and global copyright & trademark laws. If you are accessing this report on another website, it was copied illegally and republished in violation of USA and global copyright and trademark law. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/11/14/monster-beverage-corporation-mnst-rating-reiterated-by-cowen-and-company.html.

In related news, Director Sydney Selati sold 10,000 shares of the business's stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the director now owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Cim Investment Mangement Inc. raised its holdings in shares of Monster Beverage Corporation by 250.5% during the second quarter.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $33.91B. Commonwealth Bank of Australia lifted its stake in Monster Beverage Corporation by 11.0% in the 2nd quarter. The number of shares now owned by investors are 545.13 mln. Liberty Capital Management Inc. grew its holdings in shares of Monster Beverage Corporation by 2,028.0% in the 3rd quarter. Analysts forecast EPS of $0.37, up exactly $0.02 or 5.71 % from 2014's $0.35 EPS. Swiss National Bank now owns 373,334 shares of the company's stock worth $59,999,000 after buying an additional 4,500 shares during the last quarter. TCW Group Inc. owned about 0.36% of Monster Beverage Corporation worth $112,289,000 at the end of the most recent reporting period. Bessemer Group Inc. now owns 2,682 shares of the company's stock valued at $148,000 after acquiring an additional 2,143 shares during the last quarter. Hedge funds and other institutional investors own 67.41% of the company's stock.

After a recent check, Monster Beverage Cp's 14-day RSI is now at 85.82, the 7-day stands at 93.02, and the 3-day is sitting at 98.50. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen's, Hansen's Natural Cane Soda, Junior Juice, Blue Sky, Hubert's, Worx Energy and Peace Tea.

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