Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in Monster Beverage Co. (NASDAQ:MNST) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,856 shares of the company’s stock after selling 5,240 shares during the period. Asset Management One Co. Ltd.’s holdings in Monster Beverage were worth $20,391,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. National Pension Service grew its holdings in Monster Beverage by 6.2% in the third quarter. National Pension Service now owns 1,917,610 shares of the company’s stock valued at $100,042,000 after purchasing an additional 111,783 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Monster Beverage in the third quarter worth approximately $258,000. Van ECK Associates Corp boosted its stake in shares of Monster Beverage by 11.0% in the third quarter. Van ECK Associates Corp now owns 146,345 shares of the company’s stock worth $7,838,000 after acquiring an additional 14,511 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Monster Beverage in the third quarter worth approximately $214,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Monster Beverage by 16,085.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after acquiring an additional 1,126 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler lowered their price objective on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. TD Cowen reduced their target price on Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Finally, Wells Fargo & Company lifted their target price on Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday. Two 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, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus target price of $55.79.

Monster Beverage Trading Up 0.1 %

MNST opened at $54.11 on Wednesday. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.37 and a beta of 0.74. 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 business has a fifty day moving average price of $51.25 and a 200 day moving average price of $50.97.

Monster Beverage (NASDAQ:MNST) last released its earnings results 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 return on equity of 22.23% and a net margin of 22.84%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts expect that Monster Beverage Co. will post 1.66 earnings per share 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.