Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,206 shares of the company’s stock after purchasing an additional 2,824 shares during the period. GAMMA Investing LLC’s holdings in Monster Beverage were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $26,000. Tortoise Investment Management LLC lifted its stake in shares of Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the last quarter. Stephens Consulting LLC acquired a new position in Monster Beverage during the 2nd quarter worth about $26,000. Kings Path Partners LLC acquired a new position in Monster Beverage during the 2nd quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of several research reports. Citigroup decreased their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Piper Sandler decreased their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets decreased their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. BNP Paribas initiated coverage on Monster Beverage in a research note on Monday, June 24th. They set an “underperform” rating and a $48.00 target price on the stock. Finally, Roth Mkm decreased their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.84.

Monster Beverage Trading Up 0.5 %

MNST opened at $49.49 on Wednesday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a market cap of $51.56 billion, a P/E ratio of 31.13, a PEG ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. The business’s 50-day simple moving average is $49.32 and its 200-day simple moving average is $51.52.

Monster Beverage (NASDAQ:MNST) last released 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). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.