Monster Beverage (MNST) Gets a Hold Rating from Morgan Stanley


In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Monster Beverage (MNST), with a price target of $60.00. The company’s shares closed last Monday at $52.75, close to its 52-week low of $50.06.

According to TipRanks.com, Mohsenian is a 2-star analyst with an average return of -0.6% and a 52.9% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.

Currently, the analyst consensus on Monster Beverage is a Moderate Buy with an average price target of $69.13.

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Monster Beverage’s market cap is currently $27.97B and has a P/E ratio of 25.73. The company has a Price to Book ratio of 6.70.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MNST in relation to earlier this year. Earlier this month, Benjamin Polk, a Director at MNST sold 13,002 shares for a total of $840,579.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.

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