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

Marshall Financial Group LLC lifted its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MNST. Teamwork Financial Advisors LLC bought a new stake in shares of Monster Beverage during the 3rd quarter valued at $214,000. nVerses Capital LLC lifted its position in Monster Beverage by 6.0% during the third quarter. nVerses Capital LLC now owns 19,300 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,100 shares during the period. Carderock Capital Management Inc. lifted its position in Monster Beverage by 26.3% during the third quarter. Carderock Capital Management Inc. now owns 47,838 shares of the company’s stock worth $2,496,000 after purchasing an additional 9,962 shares during the period. Touchstone Capital Inc. acquired a new stake in Monster Beverage during the third quarter worth about $3,895,000. Finally, Vontobel Holding Ltd. increased its holdings in Monster Beverage by 1.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 87,959 shares of the company’s stock valued at $4,589,000 after buying an additional 1,260 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $53.44 on Friday. The company has a market capitalization of $55.67 billion, a P/E ratio of 33.61, a PEG ratio of 2.29 and a beta of 0.74. The company has a fifty day moving average price of $49.52 and a 200-day moving average price of $51.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (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 the consensus estimate of $2.01 billion. During the same period in the prior year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts expect that Monster Beverage Co. will post 1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Monster Beverage from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Royal Bank of Canada reduced their target price on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Roth Mkm lowered their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Wells Fargo & Company dropped their price objective on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America lifted their target price on Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Two research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.68.

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.