M3 Advisory Group LLC Purchases New Stake in Monster Beverage Co. (NASDAQ:MNST)

M3 Advisory Group LLC purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,852 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors also recently added to or reduced their stakes in MNST. LRI Investments LLC bought a new position in Monster Beverage during the first quarter valued at about $26,000. Stephens Consulting LLC bought a new position in Monster Beverage during the second quarter worth about $26,000. Kings Path Partners LLC bought a new position in Monster Beverage during the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. bought a new position in Monster Beverage during the second quarter worth about $30,000. Finally, Crewe Advisors LLC bought a new position in Monster Beverage during the first quarter worth about $37,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.8 %

NASDAQ:MNST traded up $0.43 during midday trading on Friday, reaching $53.87. 771,028 shares of the stock traded hands, compared to its average volume of 7,025,162. 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 has a fifty day moving average of $49.52 and a 200 day moving average of $51.20. The stock has a market capitalization of $56.12 billion, a P/E ratio of 33.61, a PEG ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts predict that Monster Beverage Co. will post 1.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler cut their target price on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased 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 Thursday, August 8th. TD Cowen decreased their target price on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Roth Mkm decreased 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 decreased 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.68.

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.