Monster Beverage Corporation (MNST) was Initiated by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on Monster Beverage Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 190 from a previous price target of $166 .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.
On the company’s financial health, Monster Beverage Corporation reported $0.99 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.04. The company had revenue of $824.50 million for the quarter, compared to analysts expectations of $804.29 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
Monster Beverage Corporation closed down -1.02 points or -0.71% at $142.9 with 949,448 shares getting traded on Wednesday. Post opening the session at $143.69, the shares hit an intraday low of $142.31 and an intraday high of $145.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 11, 2016, Thomas J Kelly (Senior VP – Monster Energy Co.) sold 10,000 shares at $159.66 per share price. According to the SEC, on Jun 17, 2016, Hilton H Schlosberg (Vice Chairman and President) sold 2,001,350 shares at $156.00 per share price. On Jun 17, 2016, Rodney C Sacks (Chairman and CEO) sold 2,396,288 shares at $156.00 per share price, according to the Form-4 filing with the securities and exchange commission.