Epoch Investment Partners Inc. Boosts Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Epoch Investment Partners Inc. increased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 9.5% during the 2nd quarter, Holdings Channel reports. The firm owned 3,174,103 shares of the company’s stock after buying an additional 275,209 shares during the period. Epoch Investment Partners Inc.’s holdings in Monster Beverage were worth $158,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dai ichi Life Insurance Company Ltd increased its stake in shares of Monster Beverage by 2.3% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after buying an additional 532 shares during the period. Tower Research Capital LLC TRC increased its position in Monster Beverage by 59.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 132,086 shares of the company’s stock valued at $7,609,000 after purchasing an additional 49,495 shares during the period. Alaethes Wealth LLC bought a new position in Monster Beverage in the 4th quarter worth $1,528,000. First Trust Advisors LP lifted its position in shares of Monster Beverage by 1.3% in the 4th quarter. First Trust Advisors LP now owns 3,904,636 shares of the company’s stock worth $224,946,000 after purchasing an additional 50,454 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Monster Beverage by 156.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 114,100 shares of the company’s stock valued at $6,764,000 after purchasing an additional 69,674 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Down 1.3 %

MNST stock opened at $51.18 on Friday. The stock has a market capitalization of $53.32 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.28 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. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The business has a fifty day moving average price of $49.11 and a 200-day moving average price of $52.23.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. Monster Beverage’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MNST. Truist Financial decreased their price target on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. BNP Paribas began coverage on Monster Beverage in a research note on Monday, June 24th. They issued an “underperform” rating and a $48.00 target price for the company. JPMorgan Chase & Co. reduced their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets lowered their price objective on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Finally, Stifel Nicolaus reduced their target price on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.85.

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.