Defender Capital LLC. Has $23.09 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Defender Capital LLC. boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,581 shares of the company’s stock after buying an additional 7,095 shares during the period. Monster Beverage makes up approximately 7.7% of Defender Capital LLC.’s portfolio, making the stock its 6th biggest position. Defender Capital LLC.’s holdings in Monster Beverage were worth $23,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dai ichi Life Insurance Company Ltd boosted its stake in Monster Beverage by 2.3% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 23,858 shares of the company’s stock valued at $1,192,000 after purchasing an additional 532 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in 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 during the last quarter. Cetera Advisors LLC boosted its stake in Monster Beverage by 128.1% during the 1st quarter. Cetera Advisors LLC now owns 20,527 shares of the company’s stock valued at $1,217,000 after purchasing an additional 11,528 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in Monster Beverage during the 1st quarter valued at about $1,063,000. Finally, Swedbank AB boosted its stake in Monster Beverage by 23.1% during the 2nd quarter. Swedbank AB now owns 121,731 shares of the company’s stock valued at $6,080,000 after purchasing an additional 22,823 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MNST. Deutsche Bank Aktiengesellschaft cut their price target on Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler cut their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. UBS Group boosted their target price on Monster Beverage from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. BMO Capital Markets cut their target price on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.68.

Monster Beverage Trading Down 0.5 %

Shares of MNST stock opened at $53.48 on Tuesday. The company’s fifty day simple moving average is $49.84 and its two-hundred day simple moving average is $51.09. 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 stock has a market capitalization of $55.71 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.29 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.39 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that Monster Beverage Co. will post 1.66 earnings per share for the current year.

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.