JP Morgan Maintains Monster Beverage Corporation to Overweight with Price Target $170.00

Brokerage firm JP Morgan Maintains its rating on Monster Beverage Corporation(NASDAQ:MNST). In a research note issued to the investors, the brokerage major Raises the price-target to $170.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.

In a different note, 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. On Jun 29, 2016, Goldman Sachs said it Maintains its rating on Monster Beverage Corporation. In the research note, the firm Lowers the price-target to $173.00 per share. The shares have been rated ‘Buy’ by the firm.

Monster Beverage Corporation (MNST) made into the market gainers list on Wednesdays trading session with the shares advancing 0.06% or 0.09 points. Due to strong positive momentum, the stock ended at $159.71, which is also near the day’s high of $160.8199. The stock began the session at $159.37 and the volume stood at 4,88,328 shares. The 52-week high of the shares is $166.5 and the 52 week low is $113.08. The company has a current market capitalization of $30,402 M and it has 19,03,56,700 shares in outstanding.

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 Jun 17, 2016, Hilton H Schlosberg (Vice Chairman and President) sold 2,001,350 shares at $156.00 per share price.Also, On Jun 17, 2016, Rodney C Sacks (Chairman and CEO) sold 2,396,288 shares at $156.00 per share price.On Jun 14, 2016, Harold C Jr Taber (director) sold 5,000 shares at $154.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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