Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,570 shares of the company’s stock after buying an additional 495 shares during the period. Tealwood Asset Management Inc.’s holdings in Monster Beverage were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Monster Beverage by 9.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after purchasing an additional 189 shares during the period. Journey Advisory Group LLC grew its holdings in shares of Monster Beverage by 4.1% during the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after acquiring an additional 196 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after acquiring an additional 209 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Monster Beverage by 0.4% during the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after acquiring an additional 211 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in Monster Beverage by 1.7% during the first 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 during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MNST. JPMorgan Chase & Co. cut their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. TD Cowen cut their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. UBS Group boosted their target price on shares of Monster Beverage from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group reduced their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, BNP Paribas initiated coverage on Monster Beverage in a research report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.84.

Monster Beverage Stock Performance

Shares of MNST traded up $0.13 during trading hours on Tuesday, reaching $49.37. 688,061 shares of the company traded hands, compared to its average volume of 7,090,595. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market cap of $51.43 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The stock’s fifty day moving average is $49.32 and its 200 day moving average is $51.52. 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 (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion during 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%. Monster Beverage’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. Equities research analysts anticipate 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.