Cantor Fitzgerald Investment Advisors L.P. Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,800 shares of the company’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNST. LRI Investments LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC acquired a new stake in Monster Beverage during the 2nd quarter worth $26,000. Kings Path Partners LLC purchased a new position in Monster Beverage during the 2nd quarter worth $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Monster Beverage in the second quarter valued at $30,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Monster Beverage in the first quarter valued at about $37,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $52.48 on Wednesday. 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 company’s 50-day moving average price is $50.63 and its 200 day moving average price is $51.00. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.43 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its quarterly 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 net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MNST. Wells Fargo & Company dropped their price target on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Citigroup cut their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial lowered their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. TD Cowen cut 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 report on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.