Qsemble Capital Management LP Invests $1.99 Million in Monster Beverage Co. (NASDAQ:MNST)

Qsemble Capital Management LP bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 39,884 shares of the company's stock, valued at approximately $1,992,000.

Several other large investors have also made changes to their positions in the company. LRI Investments LLC acquired a new stake in Monster Beverage during the 1st quarter worth $26,000. ICA Group Wealth Management LLC bought a new position in shares of Monster Beverage in the 4th quarter worth $27,000. Tortoise Investment Management LLC increased its holdings in Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company's stock valued at $29,000 after purchasing an additional 396 shares during the last quarter. Stephens Consulting LLC acquired a new position in Monster Beverage in the second quarter valued at about $26,000. Finally, Kings Path Partners LLC bought a new position in Monster Beverage during the second quarter worth about $30,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Stock Up 0.5 %

MNST traded up $0.26 during trading hours on Thursday, hitting $49.91. 4,100,925 shares of the company's stock were exchanged, compared to its average volume of 7,200,840. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.25 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock's 50-day moving average is $48.97 and its two-hundred day moving average is $52.52. 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 - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Monster Beverage's revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada lowered their price target on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Evercore ISI lowered their target price on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on shares of Monster Beverage from $63.00 to $57.00 and set a "buy" rating on the stock in a research report on Monday, June 17th. Piper Sandler lowered their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, UBS Group dropped their price objective on Monster Beverage from $55.00 to $51.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $55.85.

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.