Chicago Partners Investment Group LLC Makes New $214,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

Chicago Partners Investment Group LLC acquired a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,002 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently made changes to their positions in the company. Dai ichi Life Insurance Company Ltd grew its holdings in Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after purchasing an additional 532 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Monster Beverage by 128.1% during the first quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock worth $1,217,000 after acquiring an additional 11,528 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Monster Beverage in the first quarter worth about $1,063,000. Swedbank AB boosted its holdings in Monster Beverage by 23.1% in the second quarter. Swedbank AB now owns 121,731 shares of the company’s stock valued at $6,080,000 after purchasing an additional 22,823 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Monster Beverage by 50.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 100,367 shares of the company’s stock valued at $5,013,000 after purchasing an additional 33,478 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. 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. Citigroup reduced their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of 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. Finally, TD Cowen lowered their price objective on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus target price of $55.79.

Monster Beverage Trading Up 0.1 %

Monster Beverage stock opened at $54.11 on Wednesday. The firm has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $50.97. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a market capitalization of $53.00 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.37 and a beta of 0.74. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Sell-side analysts expect 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.