Daily price fluctuations affect a lot of traders, in order to stop that and fully focus on the stock, investors and traders prefer to use 200-day moving average.
Monster Beverage Corporation is a holding company.
Several other hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC now owns 20,610 shares of the company's stock valued at $1,304,000 after buying an additional 855 shares during the last quarter. Monetary Management Group Inc. increased its stake in shares of Monster Beverage by 3.1% in the 2nd quarter. Following the sale, the chief executive officer now directly owns 963,789 shares of the company's stock, valued at $62,174,028.39.
A number of research firms recently commented on MNST. Investors who observing the volume trend of Monster Beverage Corporation (MNST) over recent time; they noted that 2.67 million shares changed at hands contradiction to its average trading volume of 2.13 million. As per Wednesday, December 21, the company rating was upgraded by Jefferies. The firm earned "Hold" rating on Thursday, January 4 by Wells Fargo. Stifel Nicolaus maintained it with "Buy" rating and $185 target in Friday, August 5 report. Citigroup set a $60.00 target price on Monster Beverage and gave the company a "buy" rating in a research note on Wednesday, October 18th. Cowen restated a "buy" rating and set a $58.00 price target on shares of Monster Beverage in a report on Friday, October 27th. A 2 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NASDAQ:ISBC) or, if they already own its stock, sell it.
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 shares were sold at an average price of $64.51, for a total transaction of $57,929.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Rodney C. Sacks sold 62,386 shares of the company's stock in a transaction that occurred on Tuesday, January 9th. During the last 52 weeks, the price has been as high as $15.11 and as low as $12.48. The disclosure for this sale can be found here. Insiders have sold a total of 268,026 shares of company stock worth $17,179,867 in the last ninety days. Centurylink Investment Management Co owns 31,505 shares or 0.36% of their USA portfolio. (MNST) traded down $0.17 during mid-day trading on Thursday, hitting $68.28. With 1.96 million shares average volume, it will take short sellers 3 days to cover their MNST's short positions. Monster Beverage has a 52 week low of $41.02 and a 52 week high of $69.00.
Investors Bancorp, Inc. (NASDAQ:ISBC) has a market cap of $4.32 billion and over the last 12 months, ISBC has risen by 2.14%.
The stock of Monster Beverage Corporation (NASDAQ:MNST) reached all time high today, Jan, 28 and still has $73.04 target or 6.00% above today's $68.91 share price. Generally speaking, earnings are expected to grow in coming quarters. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. They expect $0.37 earnings per share, up 5.71% or $0.02 from last year's $0.35 per share.
Sabre Corporation is maintained at an average outperform rating by 11 stock analysts, and there are at least 8.43% of shares outstanding that are now legally short sold.
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In recent action, Monster Beverage Corporation (MNST) has made a move of +6.20% over the past month, which has come on Strong relative transaction volume. 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.