Commerzbank Aktiengesellschaft FI Has $2 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Commerzbank Aktiengesellschaft FI decreased its position in Monster Beverage Co. (NASDAQ:MNST) by 45.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,299 shares of the company’s stock after selling 31,358 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Monster Beverage were worth $1,998,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MNST. LRI Investments LLC bought a new stake in shares of Monster Beverage during the first quarter worth approximately $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage in the second quarter valued at approximately $26,000. Kings Path Partners LLC acquired a new position in Monster Beverage during the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new position in Monster Beverage in the 1st quarter worth about $37,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 0.1 %

Monster Beverage stock opened at $53.53 on Wednesday. The company has a market capitalization of $55.76 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm’s fifty day simple moving average is $49.98 and its 200-day simple moving average is $51.07. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13.

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 analysts’ consensus estimates of $0.45 by ($0.04). The firm 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 company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Sell-side analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MNST shares. Jefferies Financial Group cut their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial lowered their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. 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 research note on Monday, July 15th. Roth Mkm cut their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, UBS Group boosted their price target on Monster Beverage from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.68.

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.