Stephens Inc. AR Sells 8,805 Shares of Monster Beverage Co. (NASDAQ:MNST)

Stephens Inc. AR decreased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 38.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,973 shares of the company’s stock after selling 8,805 shares during the quarter. Stephens Inc. AR’s holdings in Monster Beverage were worth $729,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MNST. LRI Investments LLC bought a new position in shares of Monster Beverage during the 1st quarter valued at about $26,000. Stephens Consulting LLC bought a new stake in shares of Monster Beverage in the second quarter worth about $26,000. Kings Path Partners LLC bought a new position in Monster Beverage during the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Monster Beverage during the 1st quarter worth approximately $37,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Up 0.1 %

Shares of MNST stock opened at $54.11 on Wednesday. The stock’s fifty day moving average price is $51.25 and its 200 day moving average price is $50.97. 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 1-year low of $43.32 and a 1-year high of $61.22. The company has a market cap of $53.00 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MNST shares. Roth Mkm reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Evercore ISI lowered their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Truist Financial reduced their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Friday, August 9th. Citigroup reduced their price target on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Piper Sandler lowered their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.79.

About Monster Beverage

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.