STF Management LP Sells 712 Shares of Monster Beverage Co. (NASDAQ:MNST)

STF Management LP trimmed its stake in Monster Beverage Co. (NASDAQ:MNST) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,451 shares of the company’s stock after selling 712 shares during the period. STF Management LP’s holdings in Monster Beverage were worth $822,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. LRI Investments LLC purchased a new stake in Monster Beverage in the first quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new stake in Monster Beverage in the 4th quarter worth approximately $27,000. Tortoise Investment Management LLC raised its stake in Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 396 shares during the period. Stephens Consulting LLC purchased a new position in Monster Beverage during the second quarter valued at approximately $26,000. Finally, Kings Path Partners LLC bought a new position in shares of Monster Beverage in the second quarter worth approximately $30,000. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Down 0.2 %

Shares of NASDAQ MNST opened at $50.75 on Tuesday. The firm’s 50-day moving average price is $49.00 and its 200-day moving average price is $52.38. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $52.87 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.90 billion for 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 in the prior year, the company posted $0.39 earnings per share. On average, equities research analysts anticipate that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNST. UBS Group lowered their target price on shares of Monster Beverage from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lowered their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup cut their target price on Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Roth Mkm lowered their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Truist Financial dropped their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price 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.