Piper Sandler Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price

Monster Beverage (NASDAQ:MNST) had its target price boosted by Piper Sandler from $94.00 to $101.00 in a report released on Friday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Evercore upped their price objective on Monster Beverage from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft cut Monster Beverage from a “buy” rating to a “hold” rating and raised their price objective for the company from $94.00 to $98.00 in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their target price on Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company upped their target price on Monster Beverage from $97.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Bank of America decreased their price target on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.55.

Monster Beverage Stock Performance

NASDAQ MNST opened at $90.36 on Friday. Monster Beverage has a 52-week low of $60.97 and a 52-week high of $100.34. The company has a market capitalization of $88.37 billion, a P/E ratio of 41.83, a P/E/G ratio of 3.06 and a beta of 0.53. The company has a fifty day moving average of $94.34 and a 200-day moving average of $84.75.

Shares of Monster Beverage are scheduled to split on Tuesday, August 11th. The 2-1 split was announced on Wednesday, July 8th. The newly issued shares will be issued to shareholders after the market closes on Monday, August 10th.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.91% and a net margin of 23.08%.The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 20.2% on a year-over-year basis. As a group, analysts forecast that Monster Beverage will post 2.31 EPS for the current fiscal year.

Monster Beverage announced that its board has authorized a share repurchase plan on Friday, May 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Mark J. Hall sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the transaction, the director owned 299,246 shares in the company, valued at approximately $25,678,299.26. This trade represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the transaction, the chief financial officer directly owned 62,553 shares in the company, valued at approximately $5,492,778.93. The trade was a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 178,700 shares of company stock worth $15,457,562 over the last ninety days. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Monster Beverage

A number of hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its holdings in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the period. MV Capital Management Inc. purchased a new stake in Monster Beverage in the 4th quarter worth approximately $30,000. Trust Co. of Vermont bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $30,000. Clearstead Trust LLC bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Monster Beverage by 355.8% during the first quarter. Meeder Asset Management Inc. now owns 474 shares of the company’s stock valued at $34,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Trending Headlines about Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Q2 results exceeded expectations: Monster reported earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue rose 20.2% year over year to $2.50 billion, ahead of the $2.43 billion forecast. Monster Beverage earnings report
• Positive Sentiment: Broad-based growth remains intact: Energy-drink demand, international markets and the company’s core business drove the sales acceleration. Management also reported improving margins despite higher costs. Monster Beverage Q2 sales growth
• Positive Sentiment: Analysts raised price targets: Piper Sandler increased its target to $101 and maintained an overweight rating; Evercore raised its target to $105 with an outperform rating; and UBS lifted its target to $105 while retaining a neutral rating. These targets imply meaningful upside from the cited reference price. Piper Sandler price target
• Neutral Sentiment: Pricing actions are planned: Monster outlined selective pricing actions for the fourth quarter of 2026 and scheduled an investor meeting for December 1, which could provide additional details on strategy, margins and growth outlook. Monster pricing actions and investor meeting
• Negative Sentiment: Strong results were not enough to support the stock: The market reaction indicates elevated expectations may already have been reflected in MNST’s valuation. With a high earnings multiple and shares near their 12-month high, investors may be demanding stronger forward guidance or a larger earnings surprise.
• Negative Sentiment: Cost and execution risks remain: Rising costs continue to pressure profitability, while the company’s ability to sustain international growth and successfully implement pricing will be important to future earnings momentum.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.