DekaBank Deutsche Girozentrale Trims Stock Position in Monster Beverage Co. (NASDAQ:MNST)

DekaBank Deutsche Girozentrale lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 24.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,901 shares of the company’s stock after selling 70,777 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Monster Beverage were worth $11,337,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $517,035,000. Ninety One UK Ltd grew its stake in Monster Beverage by 93.9% during the 2nd 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 during the last quarter. Capital Research Global Investors increased its position in Monster Beverage by 40.6% during the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock valued at $603,659,000 after buying an additional 3,026,657 shares in the last quarter. TD Asset Management Inc increased its position in Monster Beverage by 143.8% during the 4th quarter. TD Asset Management Inc now owns 3,209,873 shares of the company’s stock valued at $184,921,000 after buying an additional 1,893,064 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in Monster Beverage in the second quarter valued at about $81,757,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Down 0.2 %

Shares of MNST opened at $50.75 on Tuesday. The stock has a 50 day moving average price of $49.00 and a 200 day moving average price of $52.38. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. 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 stock has a market capitalization of $52.87 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its earnings results 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 analyst estimates of $2.01 billion. During the same quarter last year, the company earned $0.39 earnings per share. Monster Beverage’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the subject of several research analyst reports. TD Cowen decreased their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Morgan Stanley cut their target price on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Evercore ISI dropped their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets dropped their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their price target on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.85.

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.