Vanguard Personalized Indexing Management LLC Lowers Position in Monster Beverage Co. (NASDAQ:MNST)

Vanguard Personalized Indexing Management LLC reduced its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,445 shares of the company’s stock after selling 568 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Monster Beverage were worth $3,814,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MNST. Vanguard Group Inc. increased its position in Monster Beverage by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock worth $3,837,867,000 after purchasing an additional 1,059,042 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Monster Beverage by 0.3% in the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock valued at $691,182,000 after buying an additional 37,391 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Monster Beverage by 4.1% during the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after acquiring an additional 440,962 shares during the period. Capital Research Global Investors raised its position in Monster Beverage by 40.6% in the fourth quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after acquiring an additional 3,026,657 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after acquiring an additional 3,620,436 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MNST shares. Jefferies Financial Group lowered their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Citigroup dropped their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, BNP Paribas assumed coverage on Monster Beverage in a report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $55.85.

Monster Beverage Stock Performance

Shares of MNST opened at $51.83 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company’s 50 day simple moving average is $49.11 and its 200 day simple moving average is $52.32. The company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.28 and a beta of 0.74. 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 (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, sell-side analysts predict that Monster Beverage Co. will post 1.66 EPS for the current year.

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.