Everpar Advisors LLC Has $204,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Everpar Advisors LLC trimmed its position in Monster Beverage Co. (NASDAQ:MNST) by 28.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,909 shares of the company’s stock after selling 1,557 shares during the period. Everpar Advisors LLC’s holdings in Monster Beverage were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. Dai ichi Life Insurance Company Ltd boosted its stake in shares of Monster Beverage by 2.3% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after purchasing an additional 532 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Monster Beverage by 156.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 114,100 shares of the company’s stock valued at $6,764,000 after buying an additional 69,674 shares during the period. Cim LLC bought a new position in Monster Beverage in the 4th quarter valued at approximately $16,114,000. Cetera Advisors LLC boosted its position in Monster Beverage by 128.1% during the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after buying an additional 11,528 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in Monster Beverage during the 1st quarter worth approximately $1,063,000. Institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

MNST has been the subject of several analyst reports. Truist Financial dropped their price target on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Citigroup reduced their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI lowered their price objective on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, BNP Paribas initiated coverage on shares of Monster Beverage in a report on Monday, June 24th. They set an “underperform” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus target price of $55.84.

Monster Beverage Trading Up 0.5 %

Shares of Monster Beverage stock opened at $49.49 on Wednesday. The stock has a 50 day moving average price of $49.32 and a two-hundred day moving average price of $51.52. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week 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 $51.56 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, equities analysts anticipate that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

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.