Crew Capital Management Ltd. Purchases 2,872 Shares of Monster Beverage Co. (NASDAQ:MNST)

Crew Capital Management Ltd. raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,824 shares of the company’s stock after purchasing an additional 2,872 shares during the period. Crew Capital Management Ltd.’s holdings in Monster Beverage were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC bought a new position in shares of Monster Beverage in the 1st quarter worth $26,000. Stephens Consulting LLC bought a new position in shares of Monster Beverage in the 2nd quarter worth $26,000. Kings Path Partners LLC bought a new position in shares of Monster Beverage in the 2nd quarter worth $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Monster Beverage in the 2nd quarter worth $30,000. Finally, Crewe Advisors LLC bought a new position in shares of Monster Beverage in the 1st quarter worth $37,000. 72.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MNST shares. Evercore ISI reduced their price target 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. TD Cowen reduced their price target on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Citigroup dropped their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped 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 Thursday, August 8th. Finally, Wells Fargo & Company dropped their target price on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.68.

Monster Beverage Stock Performance

Shares of MNST stock traded down $0.08 on Monday, hitting $53.97. The company had a trading volume of 1,227,852 shares, compared to its average volume of 7,036,735. The firm has a market cap of $56.22 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. The company has a 50-day moving average price of $49.68 and a 200-day moving average price of $51.10. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data 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 company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, equities research analysts predict that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

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.