Monster Beverage Corporation (MNST) Position Reduced by TCW Group Inc
- by Xavier Trudeau
- in Financer
- — Nov 14, 2017
Susquehanna reissued a "hold" rating on shares of Monster Beverage Corp.in a report on Wednesday, September 7th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Monster Beverage Corporation from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research note on Monday, July 17th. BMO Capital Markets maintained Monster Beverage Corporation (NASDAQ:MNST) rating on Thursday, November 9. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Jefferies Group has a "Buy" rating and a $64.00 price target on the stock. The Return on Investment (ROI) ratio of Monster Beverage Corporation (MNST) is 21.6 percent. The NASDAQ listed company saw a recent bid of 62.17 and 832015 shares have traded hands in the session.
In the market the company is trading up by 0.14% percent from yesterday's close. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $62.42.
The bad news is analysts don't believe there's a room for Monster Beverage Corporation (MNST) to move in the upward direction. The company reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. MNST generated revenue of $797.85 Million in the same quarter, one year ago.
Price-to-free-cash-flow (P/FCF) of 34.93 gives an overview of the equity valuation for Monster Beverage Corporation. Monster Beverage Corporation's revenue was up 15.4% on a year-over-year basis. Liberty Capital Management Inc. lifted its stake in Monster Beverage Corporation by 2,028.0% in the 3rd quarter. If you are accessing this news story on another website, it was illegally copied and reposted in violation of United States and global trademark & copyright laws. 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. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Over the past five trading sessions it is 5.62%; 4.93% for the month; 5.23% for the last quarter; 0% for the past six-months; and 0% for the last 12 months. The transaction was disclosed in a document filed with the SEC, which is available through this link.
A number of equities analysts recently commented on MNST shares. Dimensional Fund Advisors LP boosted its stake in Monster Beverage Corporation by 1.6% in the 1st quarter. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded - as current ratio and on the opponent side the debt to equity ratio was 0.05 and long-term debt to equity ratio also remained 0.05. Montag & Caldwell LLC now owns 718,323 shares of the company's stock worth $115,442,000 after buying an additional 313,518 shares during the last quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company's stock valued at $120,000 after buying an additional 2,028 shares during the period. Sun Life Financial INC grew its holdings in shares of Monster Beverage Corporation by 29,250.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 955,106 shares of the company's stock worth $44,097,000 after purchasing an additional 14,692 shares during the period. American International Group Inc controls 178,031 shares worth $9,836,000. Company insiders own 9.40% of the company's stock.
Monster Beverage Corporation is a holding company. 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.
