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Monster Beverage (MNST) Has a New Rating from Goldman Sachs

Tipranks - Mon Jun 15, 4:12AM CDT

Monster Beverage received a Hold rating and price target from Goldman Sachs analyst Bonnie Herzog on June 12. The company’s shares closed last Friday at $92.83.

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According to TipRanks, Herzog is a 4-star analyst with an average return of 5.8% and a 58.06% success rate. Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and Boston Beer.

Currently, the analyst consensus on Monster Beverage is a Moderate Buy with an average price target of $92.13.

Based on Monster Beverage’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.35 billion and a net profit of $569.49 million. In comparison, last year the company earned a revenue of $1.85 billion and had a net profit of $442.99 million

Based on the recent corporate insider activity of 34 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, Guy Carling, the CEO, EMEA and OSP of MNST sold 19,000.00 shares for a total of $1,727,100.00.

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