Gulf International Bank UK Ltd Has $3.23 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Gulf International Bank UK Ltd decreased its position in Monster Beverage Co. (NASDAQ:MNST) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,903 shares of the company’s stock after selling 2,963 shares during the period. Gulf International Bank UK Ltd’s holdings in Monster Beverage were worth $3,229,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MNST. Rehmann Capital Advisory Group raised its position in shares of Monster Beverage by 5.9% during the first quarter. Rehmann Capital Advisory Group now owns 6,167 shares of the company’s stock worth $366,000 after purchasing an additional 345 shares during the period. Duality Advisers LP acquired a new position in shares of Monster Beverage in the first quarter valued at approximately $1,088,000. Empirical Finance LLC increased its position in shares of Monster Beverage by 3.4% during the first quarter. Empirical Finance LLC now owns 27,202 shares of the company’s stock worth $1,613,000 after acquiring an additional 895 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Monster Beverage by 22.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 72,967 shares of the company’s stock worth $4,325,000 after acquiring an additional 13,287 shares during the period. Finally, Deuterium Capital Management LLC bought a new stake in Monster Beverage in the 1st quarter valued at $2,483,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $54.11 on Wednesday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm has a market cap of $53.00 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 2.37 and a beta of 0.74. The stock’s fifty day moving average price is $51.25 and its two-hundred day moving average price is $50.97.

Monster Beverage (NASDAQ:MNST) last released 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 the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. Monster Beverage’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MNST. TD Cowen lowered their target price on Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, July 15th. UBS Group lifted their target price on Monster Beverage from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Bank of America raised their price target on shares of Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Truist Financial cut their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group decreased their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.79.

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.