Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,270 shares of the company’s stock after buying an additional 2,627 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Monster Beverage were worth $3,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. lifted its holdings in Monster Beverage by 9.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after buying an additional 189 shares in the last quarter. Journey Advisory Group LLC raised its stake in shares of Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after purchasing an additional 196 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Monster Beverage by 5.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Monster Beverage by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after purchasing an additional 211 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Monster Beverage by 1.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock valued at $789,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 2.5 %

Monster Beverage stock opened at $52.35 on Thursday. The firm has a 50 day simple moving average of $49.08 and a 200-day simple moving average of $52.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The stock has a market capitalization of $54.53 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities research analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Mkm cut their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. UBS Group cut their target price on shares of Monster Beverage from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler dropped their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Stifel Nicolaus dropped their price objective on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.85.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.