Blue Trust Inc. Purchases 3,020 Shares of Monster Beverage Co. (NASDAQ:MNST)

Blue Trust Inc. lifted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 72.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,198 shares of the company’s stock after purchasing an additional 3,020 shares during the period. Blue Trust Inc.’s holdings in Monster Beverage were worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its position in shares of Monster Beverage by 18.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,193 shares of the company’s stock valued at $2,264,000 after acquiring an additional 5,816 shares during the period. Janiczek Wealth Management LLC grew its holdings in Monster Beverage by 72.6% during the first quarter. Janiczek Wealth Management LLC now owns 3,122 shares of the company’s stock valued at $185,000 after purchasing an additional 1,313 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Monster Beverage by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,652 shares of the company’s stock valued at $1,461,000 after purchasing an additional 516 shares during the period. Asio Capital LLC increased its position in Monster Beverage by 14.0% in the first quarter. Asio Capital LLC now owns 37,300 shares of the company’s stock worth $2,211,000 after buying an additional 4,584 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Monster Beverage by 2.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 48,536 shares of the company’s stock worth $2,877,000 after buying an additional 1,087 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.1 %

MNST stock opened at $53.56 on Thursday. The firm has a market cap of $55.79 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. The firm has a fifty day moving average price of $50.13 and a 200 day moving average price of $51.09. 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 fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion during 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 business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. Sell-side analysts anticipate that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial decreased 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. UBS Group upped their target price on shares of Monster Beverage from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Citigroup decreased their price target on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.