D. E. Shaw & Co. Inc. Raises Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

D. E. Shaw & Co. Inc. lifted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 341.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 580,990 shares of the company’s stock after purchasing an additional 449,524 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Monster Beverage worth $29,020,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MNST. Vanguard Group Inc. raised its position in shares of Monster Beverage by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after buying an additional 1,059,042 shares in the last quarter. Clearbridge Investments LLC raised its position in Monster Beverage by 0.3% during the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock valued at $691,182,000 after purchasing an additional 37,391 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Monster Beverage by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock valued at $664,469,000 after purchasing an additional 440,962 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after purchasing an additional 3,026,657 shares during the period. Finally, Ninety One UK Ltd increased its position in shares of Monster Beverage by 93.9% during the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after purchasing an additional 3,620,436 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MNST. Piper Sandler dropped their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped 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. Finally, BNP Paribas began coverage on Monster Beverage in a report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.85.

Monster Beverage Trading Up 0.9 %

NASDAQ MNST opened at $52.46 on Friday. The firm has a market cap of $54.65 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $49.27 and a 200 day moving average price of $51.98.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current fiscal 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.