Fidelis Capital Partners LLC Trims Position in Monster Beverage Co. (NASDAQ:MNST)

Fidelis Capital Partners LLC lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,164 shares of the company’s stock after selling 1,010 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Monster Beverage were worth $311,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in shares of Monster Beverage during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in Monster Beverage in the 4th quarter worth about $27,000. Tortoise Investment Management LLC grew its holdings in 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 buying an additional 396 shares during the period. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the 2nd quarter valued at about $26,000. Finally, Kings Path Partners LLC purchased a new position in shares of Monster Beverage during the 2nd quarter worth about $30,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $52.33 on Tuesday. The firm has a 50-day moving average of $49.16 and a two-hundred day moving average of $52.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The stock has a market cap of $54.51 billion, a P/E ratio of 32.91, a PEG ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly 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 analysts’ expectations of $2.01 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts expect that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley dropped their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Bank of America reduced their target price on Monster Beverage from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group dropped their price target on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.