Annex Advisory Services LLC Has $4.87 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Annex Advisory Services LLC increased its position in Monster Beverage Co. (NASDAQ:MNST) by 30.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,269 shares of the company’s stock after buying an additional 21,545 shares during the period. Annex Advisory Services LLC’s holdings in Monster Beverage were worth $4,866,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dai ichi Life Insurance Company Ltd increased its stake in shares of Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock worth $1,192,000 after purchasing an additional 532 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Monster Beverage by 156.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 114,100 shares of the company’s stock worth $6,764,000 after buying an additional 69,674 shares during the last quarter. Cetera Advisors LLC raised its holdings in Monster Beverage by 128.1% during the first quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock valued at $1,217,000 after buying an additional 11,528 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Monster Beverage in the first quarter worth about $1,063,000. Finally, Swedbank AB boosted its stake in shares of Monster Beverage by 23.1% during the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock worth $6,080,000 after acquiring an additional 22,823 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MNST shares. Deutsche Bank Aktiengesellschaft cut their price objective 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. Roth Mkm reduced their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus dropped their target price on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Finally, 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 report on Friday, August 9th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.84.

Monster Beverage Trading Up 1.1 %

Shares of MNST opened at $51.31 on Friday. The stock has a 50 day simple moving average of $49.23 and a 200-day simple moving average of $51.32. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock has a market cap of $53.45 billion, a PE ratio of 32.27, a PEG ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year 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 analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict 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.