Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 118,222 shares of the company’s stock after buying an additional 1,467 shares during the period. Monster Beverage makes up about 2.8% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 19th biggest position. Gibraltar Capital Management Inc.’s holdings in Monster Beverage were worth $6,168,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd boosted its holdings in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock worth $373,519,000 after purchasing an additional 3,620,436 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Monster Beverage by 1,148.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,596,888 shares of the company’s stock valued at $135,480,000 after buying an additional 2,388,798 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in Monster Beverage during the second quarter worth about $81,757,000. TD Asset Management Inc raised its stake in Monster Beverage by 41.1% during the first quarter. TD Asset Management Inc now owns 4,528,763 shares of the company’s stock worth $268,465,000 after acquiring an additional 1,318,890 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in Monster Beverage by 34.1% in the first quarter. William Blair Investment Management LLC now owns 4,859,680 shares of the company’s stock worth $288,082,000 after acquiring an additional 1,234,718 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the subject of several recent research reports. Royal Bank of Canada lowered their target price on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a report 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 for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company dropped their price objective on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, BMO Capital Markets cut their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Two equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.68.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $53.10 on Tuesday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. The stock has a fifty day moving average price of $50.52 and a two-hundred day moving average price of $51.02. The firm has a market cap of $55.32 billion, a P/E ratio of 33.40, a PEG ratio of 2.43 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 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 company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current fiscal 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.