Inspire Advisors LLC Boosts Stake in Monster Beverage Co. (NASDAQ:MNST)

Inspire Advisors LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,528 shares of the company’s stock after buying an additional 573 shares during the period. Inspire Advisors LLC’s holdings in Monster Beverage were worth $549,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. grew its position in shares of Monster Beverage by 9.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock valued at $124,000 after acquiring an additional 189 shares during the period. Journey Advisory Group LLC grew its position in shares of Monster Beverage by 4.1% during the 2nd quarter. Journey Advisory Group LLC now owns 4,970 shares of the company’s stock valued at $248,000 after acquiring an additional 196 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of Monster Beverage by 5.1% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after acquiring an additional 209 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Monster Beverage by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after acquiring an additional 211 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Monster Beverage by 1.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock valued at $789,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MNST shares. Wells Fargo & Company reduced their target price on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America increased their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI reduced their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial reduced their price objective 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.68.

Monster Beverage Stock Up 1.1 %

MNST opened at $54.05 on Friday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a fifty day moving average price of $49.68 and a 200-day moving average price of $51.18. The firm has a market capitalization of $56.31 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.29 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.

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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Equities research 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.