Net Worth Advisory Group Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Net Worth Advisory Group purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,630 shares of the company's stock, valued at approximately $555,000.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Monster Beverage during the first quarter worth about $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage in the second quarter valued at $26,000. Kings Path Partners LLC bought a new position in Monster Beverage in the second quarter worth $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage during the second quarter worth $30,000. Finally, Crewe Advisors LLC bought a new stake in Monster Beverage in the 1st quarter valued at $37,000. Institutional investors own 72.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MNST. Piper Sandler decreased their target price on shares of Monster Beverage from $59.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Bank of America upped their price objective on Monster Beverage from $56.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Truist Financial cut their target price on Monster Beverage from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their price target on Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada cut their price objective on Monster Beverage from $64.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of "Moderate Buy" and a consensus target price of $55.68.

Monster Beverage Trading Up 1.1 %

MNST traded up $0.61 during trading on Friday, reaching $54.05. 8,917,610 shares of the company's stock were exchanged, compared to its average volume of 7,065,491. The company's fifty day moving average price is $49.68 and its 200-day moving average price is $51.10. The firm has a market capitalization of $56.31 billion, a PE ratio of 33.99, a P/E/G 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 quick ratio of 2.69 and a current ratio of 3.41.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current year.

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.