Asset Management One Co. Ltd. Sells 5,240 Shares of Monster Beverage Co. (NASDAQ:MNST)

Asset Management One Co. Ltd. trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 390,856 shares of the company’s stock after selling 5,240 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Monster Beverage were worth $20,391,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in Monster Beverage in the first quarter worth about $26,000. Stephens Consulting LLC purchased a new position in Monster Beverage in the second quarter worth about $26,000. Kings Path Partners LLC purchased a new position in Monster Beverage in the second quarter worth about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Monster Beverage in the second quarter worth about $30,000. Finally, Crewe Advisors LLC purchased a new position in shares of Monster Beverage during the 1st quarter valued at about $37,000. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Up 0.1 %

Monster Beverage stock opened at $54.11 on Wednesday. The stock has a 50-day moving average of $51.25 and a two-hundred day moving average of $50.97. 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 one year low of $43.32 and a one year high of $61.22. The stock has a market cap of $53.00 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday. Jefferies Financial Group cut their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada cut their target price on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, BMO Capital Markets cut their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $55.79.

Monster Beverage Company 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.