Credit Suisse Initiates Coverage on Monster Beverage Corporation to Outperform

Credit Suisse Initiates Coverage on Monster Beverage Corporation(NASDAQ:MNST). The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 15, 2016.

In a different note, On Aug 18, 2016, Jefferies said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Raises the price-target to $162.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Citigroup said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, UBS said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Stifel Nicolaus said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Raises the price-target to $165.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Raises the price-target to $165.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 18, 2016, Wells Fargo said it Downgrades its rating on Monster Beverage Corporation. The shares have been rated ‘Market Perform’ by the firm.

Monster Beverage Corporation (MNST) shares turned negative on Tuesdays trading session with the shares closing down -0.34 points or -0.23% at a volume of 7,48,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $148.33. The peak price level was also seen at $148.33 while the days lowest was $146.78. Finally the shares closed at $147.1. The 52-week high of the shares is $166.5 while the 52-week low is $113.08. According to the latest information available, the market cap of the company is $28,001 M.

Monster Beverage Corporation(MNST) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $827.49M. Analysts had an estimated revenue of $804.10M. Earnings per share were $0.99. Analysts had estimated an EPS of $1.03.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Thomas J Kelly (Senior VP – Monster Energy Co.) sold 10,000 shares at $159.66 per share price.Also, 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.

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