Monster Beverage Co. (NASDAQ:MNST) Stock Position Increased by National Pension Service

National Pension Service boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 6.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,917,610 shares of the company's stock after acquiring an additional 111,783 shares during the period. National Pension Service owned 0.18% of Monster Beverage worth $100,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNST. LRI Investments LLC acquired a new stake in shares of Monster Beverage during the 1st quarter worth approximately $26,000. Stephens Consulting LLC bought a new stake in Monster Beverage in the second quarter valued at $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage in the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the second quarter valued at $30,000. Finally, Crewe Advisors LLC bought a new stake in Monster Beverage in the first quarter valued at $37,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Performance

NASDAQ:MNST traded up $0.05 during midday trading on Tuesday, reaching $54.11. 4,650,073 shares of the company traded hands, compared to its average volume of 6,940,139. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The firm has a market capitalization of $53.00 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The company has a fifty day moving average price of $51.12 and a 200 day moving average price of $50.97.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MNST shares. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $50.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup dropped their price target on shares of Monster Beverage from $60.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Jefferies Financial Group decreased their price target on shares of Monster Beverage from $61.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Truist Financial dropped their price target on shares of Monster Beverage from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Friday, August 9th. Finally, BMO Capital Markets lowered their price target on shares of Monster Beverage from $56.00 to $54.00 and set a "market perform" rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.79.

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.