Inspire Investing LLC Buys 15,030 Shares of Monster Beverage Co. (NASDAQ:MNST)

Inspire Investing LLC boosted its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 170.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,860 shares of the company's stock after purchasing an additional 15,030 shares during the period. Inspire Investing LLC's holdings in Monster Beverage were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Monster Beverage during the first quarter worth about $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new position in Monster Beverage during the fourth quarter worth about $27,000. Tortoise Investment Management LLC increased its position in Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company's stock worth $29,000 after buying an additional 396 shares during the last quarter. Finally, Kings Path Partners LLC bought a new stake in Monster Beverage in the second quarter valued at approximately $30,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Trading Down 1.1 %

MNST traded down $0.59 during midday trading on Friday, hitting $51.24. 4,297,871 shares of the company were exchanged, compared to its average volume of 7,144,929. The firm has a market capitalization of $53.38 billion, a P/E ratio of 32.15, a P/E/G ratio of 2.28 and a beta of 0.74. The firm's 50 day moving average price is $49.11 and its 200-day moving average price is $52.32. 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 Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 EPS 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 company earned $0.39 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MNST shares. TD Cowen reduced their target price on Monster Beverage from $60.00 to $55.00 and set a "hold" rating for the company in a research note on Monday, July 15th. Wells Fargo & Company reduced their target price on shares of Monster Beverage from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Piper Sandler dropped their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $63.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Roth Mkm cut their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.85.

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.