Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 185 from a previous price target of $165.Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016. The last close places the company’s stock about $4.45 off its 52 week high of $87.16 and $19.19 above the 52 week low of $63.52. Finally, First National Trust Co. purchased a new position in shares of Monster Beverage Corp. during the second quarter worth about $252,000. The company has a consensus rating of “Buy” and an average target price of $160.27. Advantus Capital Management Inc boosted its position in shares of Monster Beverage Corp.by 2.4% in the fourth quarter. Genesee Valley Trust Co. purchased a new position in shares of Monster Beverage Corp. during the second quarter worth about $204,000. Bank of America Corp. reissued a “neutral” rating on shares of Monster Beverage Corp.in a report on Friday, April 15th. The analyst recommendations from a month ago are 13 Buy, 1 Overweight, 0 Sell, 6 Hold and 0 Underweight.
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Equities researchers at Royal Bank Of Canada boosted the target price of Monster Beverage Corp. The disclosure for this sale can be found here. LTD. boosted its position in shares of Monster Beverage Corp.by 6.4% in the fourth quarter. Current price level places the company’s stock about -0.15% from the 52-week high and 43.72% away from the 52-week low. Schroder Investment Management Group boosted its position in shares of Monster Beverage Corp.by 36.5% in the fourth quarter. (NASDAQ:MNST) opened at 162.52 on Monday.
Learn how you could trade stocks with 91% to 100% success rate by using this revolutionary indicator that predicts when certain stocks are on the move. The stock stands almost $4 off versus the 52-week high of $166.5 and $49.42 above the 52-week low of $113.08. The 50 day moving average of NASDAQ:MNST is 158.74 and the 200 day moving average is 142.45. Monster Beverage Corporation (NASDAQ:MNST) has risen 9.10% since December 31, 2015 and is uptrending.
BMO Capital said Monster Beverages had “one of the most attractive growth stories in the US staples sector” as a result of solid sales growth in the USA and worldwide markets, a “pristine” balance sheet, a growing partnership with Coca-Cola (KO), and a “strong” management team. For the period ending on 2016-06-30 the company reported earnings per share of $0.99. The company had revenue of $945.80 million for the quarter, compared to analysts’ expectations of $804.24 million.
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According to Zacks Investment Research, “Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries”. During the same period past year, the business posted $0.79 earnings per share. It came roughly a year after Coca-Cola completed a $2.15 billion last June to buy a 16.7% stake in the popular energy drink company.
