Bennett Selby Investments LP Boosts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Bennett Selby Investments LP boosted its stake in Monster Beverage Co. (NASDAQ:MNST) by 13.5% during the 3rd quarter, Holdings Channel reports. The firm owned 9,176 shares of the company’s stock after buying an additional 1,092 shares during the quarter. Bennett Selby Investments LP’s holdings in Monster Beverage were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. increased its position in Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after purchasing an additional 189 shares during the last quarter. Journey Advisory Group LLC increased its holdings in shares of Monster Beverage by 4.1% in the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock worth $248,000 after buying an additional 196 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Monster Beverage by 5.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after buying an additional 209 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Monster Beverage by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after acquiring an additional 211 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Monster Beverage by 1.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock worth $789,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of MNST opened at $51.31 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The company’s fifty day moving average price is $49.23 and its 200-day moving average price is $51.38. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm has a market capitalization of $50.26 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted 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). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts predict that Monster Beverage Co. will post 1.66 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on MNST shares. TD Cowen cut their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets lowered their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Roth Mkm decreased their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two 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. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $55.84.

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.