Monster Beverage Co. (NASDAQ:MNST) Stock Position Decreased by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. lessened its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 98.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,880 shares of the company's stock after selling 309,139 shares during the period. Dock Street Asset Management Inc.'s holdings in Monster Beverage were worth $202,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MNST shares. Truist Financial lowered their target price on shares of Monster Beverage from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Friday, August 9th. BMO Capital Markets lowered their price target on shares of Monster Beverage from $56.00 to $54.00 and set a "market perform" rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. TD Cowen cut their target price on Monster Beverage from $60.00 to $55.00 and set a "hold" rating on the stock in a research note on Monday, July 15th. Finally, Evercore ISI lowered their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.68.

Monster Beverage Stock Down 0.3 %

Shares of Monster Beverage stock traded down $0.17 during trading hours on Tuesday, reaching $53.60. 2,317,218 shares of the company were exchanged, compared to its average volume of 7,028,392. 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The firm has a market cap of $55.84 billion, a PE ratio of 33.71, a PEG ratio of 2.29 and a beta of 0.74. The stock's fifty day moving average is $49.98 and its 200 day moving average is $51.07.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results 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). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current year.

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.