Ferguson Wellman Capital Management Inc. Has $21.97 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Ferguson Wellman Capital Management Inc. cut its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,201 shares of the company's stock after selling 32,999 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Monster Beverage were worth $21,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. boosted its position in Monster Beverage by 9.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company's stock valued at $124,000 after purchasing an additional 189 shares during the last quarter. Journey Advisory Group LLC increased its holdings in Monster Beverage by 4.1% in the second quarter. Journey Advisory Group LLC now owns 4,970 shares of the company's stock worth $248,000 after buying an additional 196 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company's stock valued at $256,000 after acquiring an additional 209 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Monster Beverage by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company's stock worth $2,434,000 after acquiring an additional 211 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Monster Beverage by 1.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company's stock worth $789,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Up 1.1 %

MNST stock traded up $0.61 during midday trading on Friday, reaching $54.05. The company's stock had a trading volume of 8,917,610 shares, compared to its average volume of 7,065,491. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $49.68 and its 200-day simple moving average is $51.18. The stock has a market cap of $56.31 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released 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 firm 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 firm posted $0.39 EPS. The company's revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MNST shares. Jefferies Financial Group decreased their target price on Monster Beverage from $61.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. TD Cowen dropped their target price on shares of Monster Beverage from $60.00 to $55.00 and set a "hold" rating on the stock in a report on Monday, July 15th. Citigroup decreased their price target on shares of Monster Beverage from $60.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Evercore ISI cut 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.68.

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.