DSM Capital Partners LLC Has $111.18 Million Position in Monster Beverage Co. (NASDAQ:MNST)

DSM Capital Partners LLC increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 13.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,225,726 shares of the company’s stock after acquiring an additional 268,198 shares during the quarter. Monster Beverage comprises about 1.6% of DSM Capital Partners LLC’s holdings, making the stock its 20th largest position. DSM Capital Partners LLC’s holdings in Monster Beverage were worth $111,175,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MNST. Vanguard Group Inc. lifted its position in shares of Monster Beverage by 1.7% in 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 lifted its position in shares of Monster Beverage by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock worth $691,182,000 after purchasing an additional 37,391 shares during the period. Janus Henderson Group PLC lifted its position in shares of Monster Beverage by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after purchasing an additional 440,962 shares during the period. Capital Research Global Investors lifted its position in shares of Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after purchasing an additional 3,026,657 shares during the period. Finally, Ninety One UK Ltd lifted its position in shares of Monster Beverage by 93.9% in the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNST. Truist Financial dropped their price target 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. BNP Paribas began coverage on shares of Monster Beverage in a research note on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective for the company. UBS Group lowered their price objective on shares of Monster Beverage from $55.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets lowered their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America decreased their price target on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.85.

Monster Beverage Price Performance

NASDAQ MNST opened at $51.67 on Thursday. The company has a market cap of $50.61 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $49.20 and its two-hundred day simple moving average is $52.09.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share 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 company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts predict that Monster Beverage Co. will post 1.66 earnings per share for the current year.

About Monster Beverage

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.