XTX Topco Ltd Makes New $2.70 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

XTX Topco Ltd bought a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,009 shares of the company’s stock, valued at approximately $2,698,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Monster Beverage by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after purchasing an additional 1,059,042 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Monster Beverage by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock worth $691,182,000 after purchasing an additional 37,391 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Monster Beverage by 4.1% in the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after acquiring an additional 440,962 shares in the last quarter. Capital Research Global Investors boosted its stake in Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after purchasing an additional 3,026,657 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after buying an additional 3,620,436 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Price Performance

MNST opened at $52.35 on Thursday. The firm 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. The business’s 50-day moving average is $49.08 and its two-hundred day moving average is $52.32. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MNST. BNP Paribas assumed coverage on shares of Monster Beverage in a research report on Monday, June 24th. They set an “underperform” rating and a $48.00 price target for the company. Truist Financial cut their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Evercore ISI decreased their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus lowered their price target on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, Piper Sandler lowered their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.85.

About Monster Beverage

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.