Jones Financial Companies Lllp Acquires Shares of 654 Monster Beverage Co. (NASDAQ:MNST)

Jones Financial Companies Lllp acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the first quarter, HoldingsChannel.com reports. The fund acquired 654 shares of the company’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Perspectives Financial Planning LLC purchased a new stake in Monster Beverage during the 4th quarter valued at approximately $25,000. Huntington National Bank grew its holdings in shares of Monster Beverage by 82.2% in the first quarter. Huntington National Bank now owns 277 shares of the company’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Wolff Wiese Magana LLC purchased a new position in shares of Monster Beverage in the fourth quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Monster Beverage in the fourth quarter valued at $34,000. Finally, Carroll Financial Associates Inc. grew its holdings in shares of Monster Beverage by 330.2% in the first quarter. Carroll Financial Associates Inc. now owns 413 shares of the company’s stock valued at $37,000 after purchasing an additional 317 shares in the last quarter. 63.59% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MNST opened at $89.79 on Thursday. Monster Beverage Co. has a twelve month low of $63.90 and a twelve month high of $99.24. The company has a market cap of $47.46 billion, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 2.92 and a beta of 1.11. The stock has a fifty day simple moving average of $94.54 and a 200-day simple moving average of $89.41.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.02). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Monster Beverage had a net margin of 26.99% and a return on equity of 28.24%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts forecast that Monster Beverage Co. will post 2.29 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Monster Beverage in a report on Tuesday, January 19th. They issued a “market perform” rating and a $100.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of Monster Beverage from $109.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 7th. Truist Financial raised their price target on Monster Beverage from $105.00 to $115.00 in a research report on Friday, May 7th. Smith Barney Citigroup raised their price target on Monster Beverage from $89.00 to $99.00 in a research report on Friday, January 15th. Finally, Truist Securities raised their price target on Monster Beverage from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 7th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Monster Beverage currently has a consensus rating of “Buy” and an average target price of $100.10.

Monster Beverage Profile

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 carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy teas and shakes, non-carbonated energy drinks, and ready-to-drink packaged energy drinks primarily to bottlers and beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to bottling and canning operations.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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