Inspire Advisors LLC Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Inspire Advisors LLC boosted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,528 shares of the company’s stock after purchasing an additional 573 shares during the period. Inspire Advisors LLC’s holdings in Monster Beverage were worth $549,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Trust Point Inc. lifted its stake in Monster Beverage by 8.8% in the third quarter. Trust Point Inc. now owns 8,056 shares of the company’s stock worth $420,000 after purchasing an additional 651 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in Monster Beverage in the third quarter worth $252,000. M3 Advisory Group LLC bought a new stake in Monster Beverage in the third quarter worth $201,000. Claro Advisors LLC bought a new stake in Monster Beverage in the third quarter worth $283,000. Finally, V Square Quantitative Management LLC lifted its stake in Monster Beverage by 12.7% in the third quarter. V Square Quantitative Management LLC now owns 7,289 shares of the company’s stock worth $380,000 after purchasing an additional 824 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. TD Cowen lowered their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, July 15th. UBS Group upped their price objective on shares of Monster Beverage from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Wells Fargo & Company lowered their price objective on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.68.

Monster Beverage Stock Up 1.1 %

Shares of MNST stock opened at $54.05 on Friday. The company has a market capitalization of $56.31 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company’s fifty day moving average price is $49.68 and its 200-day moving average price is $51.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

Monster Beverage (NASDAQ:MNST) last announced 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). 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Sell-side analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Monster Beverage 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.