International Assets Investment Management LLC Boosts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

International Assets Investment Management LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 5,117.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,433 shares of the company’s stock after purchasing an additional 22,003 shares during the quarter. International Assets Investment Management LLC’s holdings in Monster Beverage were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Greenleaf Trust raised its position in shares of Monster Beverage by 12.1% in the third quarter. Greenleaf Trust now owns 14,670 shares of the company’s stock valued at $765,000 after purchasing an additional 1,589 shares during the period. BLB&B Advisors LLC increased its holdings in Monster Beverage by 1.5% during the 3rd quarter. BLB&B Advisors LLC now owns 143,982 shares of the company’s stock worth $7,512,000 after acquiring an additional 2,108 shares during the period. Defender Capital LLC. increased its holdings in Monster Beverage by 1.6% during the 3rd quarter. Defender Capital LLC. now owns 442,581 shares of the company’s stock worth $23,089,000 after acquiring an additional 7,095 shares during the period. Whittier Trust Co. increased its holdings in shares of Monster Beverage by 644.6% in the 3rd quarter. Whittier Trust Co. now owns 9,412 shares of the company’s stock worth $491,000 after buying an additional 8,148 shares during the last quarter. Finally, Crew Capital Management Ltd. increased its holdings in shares of Monster Beverage by 18.0% in the 3rd quarter. Crew Capital Management Ltd. now owns 18,824 shares of the company’s stock worth $982,000 after buying an additional 2,872 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 3.4 %

NASDAQ:MNST opened at $54.06 on Tuesday. The firm has a market cap of $52.95 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a 50-day simple moving average of $51.12 and a two-hundred day simple moving average of $50.97.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. Analysts predict that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group increased their price target on shares of Monster Beverage from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Royal Bank of Canada dropped their price target on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Evercore ISI decreased their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, 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 report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.63.

About Monster Beverage

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.