AE Wealth Management LLC Grows Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

AE Wealth Management LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,876 shares of the company’s stock after purchasing an additional 12,964 shares during the period. AE Wealth Management LLC’s holdings in Monster Beverage were worth $3,790,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Monster Beverage by 16.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 29,404 shares of the company’s stock valued at $1,468,000 after acquiring an additional 4,143 shares during the last quarter. Ieq Capital LLC boosted its holdings in Monster Beverage by 0.3% in the second quarter. Ieq Capital LLC now owns 68,735 shares of the company’s stock valued at $3,433,000 after purchasing an additional 232 shares in the last quarter. Intech Investment Management LLC increased its stake in Monster Beverage by 49.5% in the second quarter. Intech Investment Management LLC now owns 109,060 shares of the company’s stock valued at $5,448,000 after purchasing an additional 36,111 shares during the last quarter. Inspire Investing LLC raised its holdings in Monster Beverage by 170.2% during the second quarter. Inspire Investing LLC now owns 23,860 shares of the company’s stock worth $1,192,000 after purchasing an additional 15,030 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $2,698,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 1.3 %

NASDAQ MNST opened at $51.18 on Monday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a 50-day moving average price of $49.11 and a 200 day moving average price of $52.19. 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 quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last posted its quarterly 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 net margin of 22.84% and a return on equity of 22.23%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts expect that Monster Beverage Co. will post 1.66 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on MNST shares. Evercore ISI dropped their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America cut their target price on Monster Beverage from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus decreased their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, June 17th. TD Cowen dropped their price target 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, Truist Financial decreased their price objective on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. 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. According to data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $55.85.

About Monster Beverage

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.