Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Xponance Inc.

Xponance Inc. reduced its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 42.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,431 shares of the company’s stock after selling 114,761 shares during the period. Xponance Inc.’s holdings in Monster Beverage were worth $7,814,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in shares of Monster Beverage in the 1st quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new position in Monster Beverage in the fourth quarter valued at approximately $27,000. Tortoise Investment Management LLC grew its holdings in shares of Monster Beverage by 360.0% during the fourth 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 stake in shares of Monster Beverage during the 2nd quarter worth approximately $26,000. Finally, Kings Path Partners LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $30,000. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Up 2.2 %

Shares of MNST opened at $52.33 on Tuesday. The business’s 50-day moving average price is $49.16 and its 200 day moving average price is $52.14. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $54.51 billion, a P/E ratio of 32.91, a P/E/G 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 released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Monster Beverage Co. will post 1.66 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on MNST shares. Truist Financial dropped their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on Monster Beverage from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Bank of America decreased their price objective on Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Roth Mkm cut 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. Finally, BNP Paribas initiated coverage on Monster Beverage in a report on Monday, June 24th. They set an “underperform” rating and a $48.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.