Stock Mover of the Day: Monster Beverage Corporation’s Trend Up, Especially After Today’s Strong Session

Stock Mover of the Day: Monster Beverage Corporation's Trend Up, Especially After Today's Strong Session

The stock of Monster Beverage Corporation (NASDAQ:MNST) is a huge mover today! The stock increased 3.83% or $1.67 during the last trading session, hitting $45.26. About 6.91 million shares traded hands or 90.88% up from the average. Monster Beverage Corporation (NASDAQ:MNST) has risen 3.22% since April 20, 2016 and is uptrending. It has underperformed by 1.34% the S&P500.
The move comes after 6 months positive chart setup for the $24.89B company. It was reported on Nov, 22 by Barchart.com. We have $48.88 PT which if reached, will make NASDAQ:MNST worth $1.99B more.

Monster Beverage Corporation (NASDAQ:MNST) Ratings Coverage

Out of 18 analysts covering Monster Beverage Corp (NASDAQ:MNST), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. Monster Beverage Corp has been the topic of 36 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Monster Beverage Corporation (NASDAQ:MNST) rating on Friday, August 5. Stifel Nicolaus has “Buy” rating and $185 price target. BMO Capital Markets maintained the shares of MNST in a report on Monday, August 10 with “Outperform” rating. The company was upgraded on Thursday, August 13 by Morgan Stanley. On Wednesday, March 16 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The firm has “Buy” rating by Goldman Sachs given on Thursday, September 24. Citigroup maintained Monster Beverage Corporation (NASDAQ:MNST) rating on Friday, August 7. Citigroup has “Buy” rating and $170 price target. The firm has “Outperform” rating given on Friday, September 16 by Credit Suisse. The stock has “Outperform” rating given by Credit Agricole on Wednesday, September 16. The rating was initiated by Bank of America on Tuesday, March 22 with “Neutral”. UBS maintained the shares of MNST in a report on Monday, May 2 with “Buy” rating.

According to Zacks Investment Research, “Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries market and distribute energy drinks, including Monster Energy(R) energy drinks, Monster Energy Extra Strength Nitrous Technology(R) energy drinks, Java Monster(R) non-carbonated coffee + energy drinks, M3(R) Monster Energy(R) Super Concentrate energy drinks, Monster Rehab(R) non-carbonated energy drinks with electrolytes, Muscle Monster(R) Energy Shakes, Ubermonster(R) energy drinks, NOS(R) energy drinks, Full Throttle(R) energy drinks, Burn(R) energy drinks, Samurai(R) energy drinks, Relentless(R) energy drinks, Mother(R) energy drinks, Power Play(R) energy drinks, BU(R) energy drinks, Nalu(R) energy drinks, BPM(R) energy drinks, Gladiator(R) energy drinks, and Ultra(R) energy drinks.”

Another recent and important Monster Beverage Corporation (NASDAQ:MNST) news was published by Seekingalpha.com which published an article titled: “The Future Looks Bright For Monster Beverage Corp.” on November 15, 2016.

MNST Company Profile

Monster Beverage Corporation, incorporated on August 12, 2014, develops, markets, sells and distributes energy drink beverages and/or concentrates for energy drink beverages, primarily under various brand names, including Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, Muscle Monster, Mega Monster Energy, Punch Monster, Juice Monster and Full Throttle. The Firm has three divisions: Finished Products, which comprises the Company’s Monster Energy drink products; Concentrate, the principal products of which include the various energy drink brands acquired from The Coca-Cola Company (TCCC) as a result of the TCCC Transaction, and Other, the principal products of which include the brands disposed of as a result of the TCCC Transaction.

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