Vanguard Personalized Indexing Management LLC Decreases Position in Monster Beverage Co. (NASDAQ:MNST)

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,445 shares of the company’s stock after selling 568 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Monster Beverage were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. grew its stake in Monster Beverage by 19.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,545 shares of the company’s stock worth $1,076,000 after purchasing an additional 3,544 shares in the last quarter. Argent Trust Co boosted its stake in shares of Monster Beverage by 28.1% in the 2nd quarter. Argent Trust Co now owns 4,477 shares of the company’s stock valued at $224,000 after buying an additional 982 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Monster Beverage by 6.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 45,639 shares of the company’s stock worth $2,284,000 after buying an additional 2,782 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Monster Beverage by 11.0% during the second quarter. Axxcess Wealth Management LLC now owns 15,746 shares of the company’s stock worth $787,000 after buying an additional 1,558 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Monster Beverage in the second quarter valued at approximately $1,115,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $51.83 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a 50-day simple moving average of $49.11 and a 200-day simple moving average of $52.32. The stock has a market capitalization of $53.99 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.28 and a beta of 0.74.

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). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Monster Beverage Co. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BNP Paribas started coverage on shares of Monster Beverage in a research report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective on the stock. TD Cowen dropped their target price on Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. UBS Group decreased their price target on Monster Beverage from $55.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Bank of America dropped their price objective on Monster Beverage from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Piper Sandler decreased their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.85.

Monster Beverage 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.