<div id="readability-page-1"><p><span>Monster Beverage (NASDAQ:MNST - Get Free Report)</span> had its price target raised by equities researchers at Bank of America  from $77.00 to $85.00 in a research report issued to clients and investors on Friday. The brokerage currently has a &#34;buy&#34; rating on the stock. Bank of America's target price points to a potential upside of 12.54% from the company's current price.</p><div><p><span></span><span>Get <strong>Monster Beverage</strong> alerts:</span></p></div><ul><li>Coca-Cola Stock Dips—Is CELH the Growth Your Portfolio Needs?</li></ul><p>Several other equities analysts have also recently issued reports on MNST. Zacks Research upgraded shares of Monster Beverage from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Wednesday, November 12th. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Monster Beverage in a research report on Monday, December 8th. Wall Street Zen raised Monster Beverage from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Saturday, November 8th. Argus raised Monster Beverage to a &#34;strong-buy&#34; rating in a research note on Tuesday, November 25th. Finally, Wells Fargo &amp; Company  restated an &#34;overweight&#34; rating and issued a $83.00 target price (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned  a Hold rating and one  has assigned  a Sell rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $73.67.</p><p><b>Get Our Latest Analysis on MNST</b></p><h2>Monster Beverage Price Performance</h2><ul><li>Celsius Stock Surges After Blowout Earnings and Pepsi Deal</li></ul><p>Shares of NASDAQ MNST traded up $0.07 during mid-day trading on Friday, hitting $75.53. 1,656,606 shares of the stock traded hands, compared to its average volume of 5,861,940. The company has a market cap of $73.80 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. Monster Beverage has a twelve month low of $45.70 and a twelve month high of $76.28. The firm has a 50 day simple moving average of $71.35 and a two-hundred day simple moving average of $65.88. </p><p>Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share.  On average, equities research analysts anticipate that  Monster Beverage will post 1.62 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>Monster Is Re-Energized: Can the Stock's Rally Continue?</li></ul><p>In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the business's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares of the company's stock, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the firm's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,981 shares of company stock worth $20,138,516 in the last quarter. Insiders own  8.30% of the company's stock. </p><h2>Institutional Investors Weigh In On Monster Beverage</h2><p>Hedge funds have recently made changes to their positions in the business. Physician Wealth Advisors Inc. grew its position in shares of  Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company's stock valued at $25,000 after acquiring an additional 315 shares during the period.  Steigerwald Gordon &amp; Koch Inc. purchased a new position in  Monster Beverage in the third quarter valued at approximately $27,000.  Access Investment Management LLC purchased a new stake in  Monster Beverage in the second quarter worth $25,000.  First Horizon Corp purchased a new stake in  Monster Beverage in the third quarter worth $29,000.  Finally, Salomon &amp; Ludwin LLC bought a new stake in shares of  Monster Beverage in the second quarter valued at $28,000. 72.36% of the stock is currently owned by institutional investors. </p><h2>Monster Beverage Company Profile</h2> (Get Free Report)<p>Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.</p><h2>Read More</h2><ul><li>Five stocks we like better than Monster Beverage</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>Rocket Lab's Sharp Rebound: What's Behind the Recent Momentum</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>Jabil Is Flying Under the Radar—But a 50% Surge May Be Coming</li><li>Which Wall Street Analysts are the Most Accurate?</li><li>Qualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TU5TVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TU5TVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Monster Beverage Right Now?</h2><p>Before you consider Monster Beverage, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monster Beverage wasn't on the list.</p><p>While Monster Beverage currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MNST

<p>Bank of America raised Monster Beverage's target price from $77 to $85, maintaining a "buy" rating, indicating a potential 12.54% upside. Other analysts also upgraded MNST, with a consensus "Moderate Buy" rating. Monster Beverage's recent earnings beat expectations, with a 16.8% revenue increase year-over-year. Insider sales and institutional investments are noted, with insiders owning 8.30% of the stock.</p>

Bank of America Issues Positive Forecast for Monster Beverage (NASDAQ:MNST) Stock Price