Arkadios Wealth Advisors Grows Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Arkadios Wealth Advisors raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,237 shares of the company’s stock after acquiring an additional 9,820 shares during the quarter. Arkadios Wealth Advisors’ holdings in Monster Beverage were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Monster Beverage by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,652 shares of the company’s stock worth $1,461,000 after acquiring an additional 516 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Monster Beverage by 2.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 48,536 shares of the company’s stock valued at $2,877,000 after purchasing an additional 1,087 shares during the last quarter. Vicus Capital purchased a new position in Monster Beverage in the 1st quarter valued at about $256,000. Founders Financial Securities LLC boosted its stake in shares of Monster Beverage by 5.1% during the 1st quarter. Founders Financial Securities LLC now owns 10,699 shares of the company’s stock worth $634,000 after purchasing an additional 516 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of Monster Beverage by 0.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 40,380 shares of the company’s stock worth $2,394,000 after buying an additional 302 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MNST has been the topic of several recent analyst reports. Roth Mkm reduced their price objective on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. decreased their price objective on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group dropped their target price on Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler decreased their price target 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. Finally, Citigroup dropped their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.68.

Monster Beverage Trading Down 0.1 %

Shares of MNST opened at $53.37 on Friday. 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 12 month low of $43.32 and a 12 month high of $61.22. The stock has a market cap of $52.28 billion, a PE ratio of 33.15, a P/E/G ratio of 2.43 and a beta of 0.74. The stock’s 50-day moving average is $50.39 and its two-hundred day moving average is $51.06.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Equities analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

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.