Cromwell Holdings LLC Buys 478 Shares of Monster Beverage Co. (NASDAQ:MNST)

Cromwell Holdings LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 27.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,222 shares of the company’s stock after acquiring an additional 478 shares during the period. Cromwell Holdings LLC’s holdings in Monster Beverage were worth $116,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MNST. Mediolanum International Funds Ltd lifted its stake in Monster Beverage by 932.7% in the 3rd quarter. Mediolanum International Funds Ltd now owns 322,484 shares of the company’s stock valued at $16,890,000 after purchasing an additional 291,257 shares during the last quarter. DT Investment Partners LLC raised its stake in Monster Beverage by 38.6% in the third quarter. DT Investment Partners LLC now owns 1,386 shares of the company’s stock valued at $72,000 after buying an additional 386 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Monster Beverage by 1,148.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after buying an additional 2,388,798 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Monster Beverage by 0.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 49,311 shares of the company’s stock worth $2,573,000 after acquiring an additional 462 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Monster Beverage by 5,117.0% during the 3rd quarter. International Assets Investment Management LLC now owns 22,433 shares of the company’s stock worth $1,170,000 after acquiring an additional 22,003 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.1 %

MNST opened at $53.37 on Friday. The company’s 50 day moving average price is $50.26 and its two-hundred day moving average price is $51.11. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69.

Monster Beverage (NASDAQ:MNST) last released its 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). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Monster Beverage Co. will post 1.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNST. BMO Capital Markets cut their price target on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Citigroup cut their target price on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group increased their price target on shares of Monster Beverage from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Bank of America boosted their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target 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.