Monster Beverage Co. (NASDAQ:MNST) Holdings Boosted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,639 shares of the company’s stock after purchasing an additional 2,782 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Monster Beverage were worth $2,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Advisory Inc. acquired a new stake in Monster Beverage during the 4th quarter worth about $290,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Monster Beverage by 1.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,185 shares of the company’s stock worth $1,566,000 after purchasing an additional 344 shares in the last quarter. Commerce Bank boosted its holdings in shares of Monster Beverage by 2.5% during the fourth quarter. Commerce Bank now owns 30,458 shares of the company’s stock worth $1,755,000 after purchasing an additional 749 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Monster Beverage by 14.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 290,411 shares of the company’s stock valued at $16,731,000 after purchasing an additional 37,594 shares in the last quarter. Finally, United Services Automobile Association grew its position in Monster Beverage by 9.8% during the fourth quarter. United Services Automobile Association now owns 23,107 shares of the company’s stock valued at $1,331,000 after purchasing an additional 2,066 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 2.2 %

Monster Beverage stock opened at $52.33 on Tuesday. The business’s 50-day simple moving average is $49.16 and its 200-day simple moving average is $52.14. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a market capitalization of $54.51 billion, a PE ratio of 32.91, a PEG ratio of 2.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MNST. Deutsche Bank Aktiengesellschaft decreased their target price 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. Evercore ISI lowered their target price on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley cut their price target on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Roth Mkm lowered their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Wells Fargo & Company dropped their price objective on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.85.

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.