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Principale » Stifel Financial Corp Acquires 24126 Shares of Monster Beverage Corporation (NASDAQ:MNST)

Stifel Financial Corp Acquires 24126 Shares of Monster Beverage Corporation (NASDAQ:MNST)

18 Décembre 2017

The stock of Monster Beverage Corporation (NASDAQ:MNST) reached all time high today, Dec, 18 and still has $70.34 target or 9.00% above today's $64.53 share price. The firm owned 1,173,475 shares of the company's stock after buying an additional 728,295 shares during the period. Legal & General Group Plc owned 0.34% of Monster Beverage worth $105,470,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock.

The Stock had a 1.45 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.56 and 1.56 respectively. The Virtus Investment Advisers Inc holds 19,613 shares with $2.48M value, down from 24,534 last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Monster Beverage Corporation during the first quarter valued at approximately $216,000. Janney Montgomery Scott LLC now owns 7,712 shares of the company's stock worth $383,000 after acquiring an additional 3,035 shares during the last quarter. Great West Life Assurance Co. Commonwealth Bank of Australia lifted its holdings in shares of Monster Beverage by 11.0% in the 2nd quarter. Can now owns 427,600 shares of the company's stock worth $21,211,000 after acquiring an additional 136,370 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Monster Beverage by 2.9% during the second quarter. Institutional investors own 66.03% of the company's stock.

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A number of research analysts recently issued reports on MNST shares. BidaskClub upgraded shares of Monster Beverage from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 23rd. UBS cut shares of Monster Beverage to a "neutral" rating in a report on Monday, November 20th. BMO Capital Markets reaffirmed a "buy" rating and issued a $58.00 price target on shares of Monster Beverage in a report on Wednesday, September 6th. Susquehanna Bancshares set a $51.00 price target on shares of Monster Beverage and gave the company a "sell" rating in a report on Monday, November 20th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. A recent bid put the stock price near $64.42. Monster Beverage Corporation (NASDAQ:MNST) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. 3,598,623 shares of the stock were exchanged, compared to its average volume of 1,802,013. The company has a market cap of $35,603.00, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Credit Suisse maintained Monster Beverage Corporation (NASDAQ:MNST) on Monday, November 20 with "Outperform" rating.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.40. The firm had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage Corp had 74 analyst reports since July 27, 2015 according to SRatingsIntel. The business's revenue for the quarter was up 9.1% compared to the same quarter a year ago. The Firm has ATR of 1.17 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of current range.

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally.