Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC grew its position in Monster Beverage Co. (NASDAQ:MNST) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,876 shares of the company’s stock after acquiring an additional 12,964 shares during the quarter. AE Wealth Management LLC’s holdings in Monster Beverage were worth $3,790,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MNST. 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. Capital Research Global Investors lifted 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. TD Asset Management Inc boosted its holdings in shares of Monster Beverage by 143.8% during the 4th quarter. TD Asset Management Inc now owns 3,209,873 shares of the company’s stock worth $184,921,000 after purchasing an additional 1,893,064 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in shares of Monster Beverage in the second quarter valued at approximately $81,757,000. Finally, William Blair Investment Management LLC increased its holdings in shares of Monster Beverage by 34.1% in the first quarter. William Blair Investment Management LLC now owns 4,859,680 shares of the company’s stock valued at $288,082,000 after purchasing an additional 1,234,718 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNST. BMO Capital Markets dropped their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. BNP Paribas initiated coverage on Monster Beverage in a report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective on the stock. Finally, TD Cowen lowered their price objective on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average target price of $55.85.

Monster Beverage Price Performance

Shares of MNST opened at $51.18 on Monday. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a market cap of $53.32 billion, a P/E ratio of 32.19, a PEG ratio of 2.28 and a beta of 0.74. The firm’s 50 day moving average price is $49.11 and its 200 day moving average price is $52.19.

Monster Beverage (NASDAQ:MNST) last announced 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). 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, research analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

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.