Massachusetts Financial Services Co. MA Sells 4,798 Shares of Monster Beverage Co. (NASDAQ:MNST)

Massachusetts Financial Services Co. MA lessened its holdings in Monster Beverage Co. (NASDAQ:MNST) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 601,883 shares of the company’s stock after selling 4,798 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of Monster Beverage worth $30,064,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MNST. LRI Investments LLC bought a new stake in shares of Monster Beverage in the first quarter worth $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage in the second quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Monster Beverage in the fourth quarter worth $27,000. Tortoise Investment Management LLC lifted its position in shares of Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. Finally, Kings Path Partners LLC bought a new stake in shares of Monster Beverage in the second quarter worth $30,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 1.3 %

MNST stock opened at $51.18 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. The company’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $52.27. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a market capitalization of $53.32 billion, a PE ratio of 32.19, a price-to-earnings-growth 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 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Monster Beverage Co. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research reports. BNP Paribas assumed 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. Stifel Nicolaus lowered their target price on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Citigroup lowered their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Roth Mkm lowered their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Jefferies Financial Group lowered their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.