Marshall Financial Group LLC Purchases 303 Shares of Monster Beverage Co. (NASDAQ:MNST)

Marshall Financial Group LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 35,527 shares of the company’s stock after buying an additional 303 shares during the period. Marshall Financial Group LLC’s holdings in Monster Beverage were worth $1,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC increased its holdings in Monster Beverage by 55.7% in the first quarter. CWM LLC now owns 22,444 shares of the company’s stock worth $1,330,000 after purchasing an additional 8,028 shares in the last quarter. Czech National Bank increased its stake in shares of Monster Beverage by 0.5% in the 1st quarter. Czech National Bank now owns 129,977 shares of the company’s stock valued at $7,705,000 after acquiring an additional 596 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Monster Beverage by 10.5% during the 1st quarter. Park Avenue Securities LLC now owns 33,204 shares of the company’s stock valued at $1,968,000 after acquiring an additional 3,160 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in Monster Beverage by 2.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 216,733 shares of the company’s stock worth $12,848,000 after acquiring an additional 5,717 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Monster Beverage by 0.6% during the first quarter. Gulf International Bank UK Ltd now owns 64,866 shares of the company’s stock worth $3,845,000 after acquiring an additional 407 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MNST. Truist Financial decreased 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 decreased their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen cut their price target on Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. BNP Paribas began coverage on Monster Beverage in a research note on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective for the company. Finally, Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.68.

Monster Beverage Stock Performance

Shares of MNST stock opened at $53.44 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 firm has a 50-day moving average of $49.52 and a 200-day moving average of $51.20. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a market cap of $55.67 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.29 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.39 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.