Sepio Capital LLC trimmed its stake in shares of Monster Beverage Corp (NASDAQ:MNST) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,358 shares of the company’s stock after selling 581 shares during the quarter. Sepio Capital LLC’s holdings in Monster Beverage were worth $4,938,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $26,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $32,000. Coastal Capital Group Inc. acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $34,000. Motco boosted its position in shares of Monster Beverage by 47.1% during the 2nd quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after acquiring an additional 171 shares in the last quarter. Finally, West Oak Capital LLC acquired a new position in shares of Monster Beverage during the 2nd quarter worth about $38,000. 65.88% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MNST shares. UBS Group reaffirmed a “sell” rating and set a $52.00 price objective (down from $53.00) on shares of Monster Beverage in a research report on Thursday, August 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective (down from $67.00) on shares of Monster Beverage in a research report on Thursday, August 8th. BidaskClub cut Monster Beverage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 14th. Jefferies Financial Group upped their target price on Monster Beverage from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets decreased their target price on Monster Beverage from $62.00 to $61.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Monster Beverage presently has an average rating of “Hold” and an average price target of $65.21.
MNST traded up $0.04 on Tuesday, hitting $56.69. 90,574 shares of the company traded hands, compared to its average volume of 3,766,197. The company has a 50 day moving average of $61.59 and a 200-day moving average of $60.43. The stock has a market capitalization of $30.56 billion, a PE ratio of 31.64, a PEG ratio of 1.92 and a beta of 1.30. Monster Beverage Corp has a 12-month low of $47.74 and a 12-month high of $66.38.
Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.03). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Monster Beverage had a net margin of 26.58% and a return on equity of 28.10%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. Equities analysts expect that Monster Beverage Corp will post 2.05 EPS for the current fiscal year.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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