PFG Investments LLC Sells 458 Shares of Monster Beverage Co. (NASDAQ:MNST)

PFG Investments LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,749 shares of the company’s stock after selling 458 shares during the quarter. PFG Investments LLC’s holdings in Monster Beverage were worth $437,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in Monster Beverage during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new position in Monster Beverage in the 4th quarter worth $27,000. Tortoise Investment Management LLC increased its stake in Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 396 shares in the last quarter. Stephens Consulting LLC bought a new stake in Monster Beverage during the second quarter valued at about $26,000. Finally, Kings Path Partners LLC purchased a new position in shares of Monster Beverage in the second quarter valued at about $30,000. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MNST has been the subject of several research analyst reports. Citigroup cut their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. BMO Capital Markets cut their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Morgan Stanley dropped their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Jefferies Financial Group reduced their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, BNP Paribas began coverage on shares of Monster Beverage in a report on Monday, June 24th. They set an “underperform” rating and a $48.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.85.

Monster Beverage Price Performance

Monster Beverage stock opened at $49.91 on Friday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $48.97 and a 200-day moving average price of $52.52. The firm has a market capitalization of $51.99 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.90 billion for 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.66 EPS 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.