Charles Schwab Investment Management Inc. boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST – Get Rating) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,883,618 shares of the company’s stock after acquiring an additional 55,266 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.36% of Monster Beverage worth $180,903,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor Resource Council acquired a new stake in Monster Beverage during the 4th quarter worth about $380,000. Prudential PLC boosted its position in Monster Beverage by 13.1% during the 4th quarter. Prudential PLC now owns 49,784 shares of the company’s stock worth $4,781,000 after acquiring an additional 5,784 shares during the period. Cumberland Partners Ltd boosted its position in Monster Beverage by 131.3% during the 4th quarter. Cumberland Partners Ltd now owns 11,891 shares of the company’s stock worth $1,142,000 after acquiring an additional 6,750 shares during the period. Jarislowsky Fraser Ltd raised its stake in shares of Monster Beverage by 10.9% during the 4th quarter. Jarislowsky Fraser Ltd now owns 714,450 shares of the company’s stock worth $68,615,000 after purchasing an additional 70,082 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Monster Beverage by 2.2% during the 4th quarter. Rhumbline Advisers now owns 659,298 shares of the company’s stock worth $63,319,000 after purchasing an additional 13,893 shares in the last quarter. Hedge funds and other institutional investors own 63.44% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Monster Beverage from $107.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. Guggenheim cut their price target on Monster Beverage from $109.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 25th. StockNews.com assumed coverage on Monster Beverage in a research note on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company cut their price target on Monster Beverage from $108.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, February 16th. Finally, Cowen cut their price objective on Monster Beverage from $92.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, February 25th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $99.46.
Shares of NASDAQ MNST opened at $87.63 on Friday. The business’s 50 day moving average is $83.27 and its two-hundred day moving average is $86.01. The company has a market cap of $46.41 billion, a P/E ratio of 34.64, a P/E/G ratio of 2.06 and a beta of 1.01. Monster Beverage Co. has a 12 month low of $71.78 and a 12 month high of $99.89.
Monster Beverage (NASDAQ:MNST – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). Monster Beverage had a return on equity of 21.21% and a net margin of 23.32%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.59 EPS. Monster Beverage’s revenue for the quarter was up 22.2% compared to the same quarter last year. Sell-side analysts expect that Monster Beverage Co. will post 2.68 earnings per share for the current year.
About Monster Beverage (Get Rating)
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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.
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