Gulf International Bank UK Ltd Has $3.23 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Gulf International Bank UK Ltd lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,903 shares of the company’s stock after selling 2,963 shares during the period. Gulf International Bank UK Ltd’s holdings in Monster Beverage were worth $3,229,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. QRG Capital Management Inc. grew its stake in Monster Beverage by 4.3% during the third quarter. QRG Capital Management Inc. now owns 71,373 shares of the company’s stock worth $3,724,000 after buying an additional 2,946 shares in the last quarter. National Pension Service lifted its holdings in shares of Monster Beverage by 6.2% during the 3rd quarter. National Pension Service now owns 1,917,610 shares of the company’s stock worth $100,042,000 after acquiring an additional 111,783 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Monster Beverage during the 3rd quarter worth approximately $258,000. Van ECK Associates Corp raised its position in Monster Beverage by 11.0% during the third quarter. Van ECK Associates Corp now owns 146,345 shares of the company’s stock valued at $7,838,000 after purchasing an additional 14,511 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Monster Beverage during the third quarter worth $214,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.1 %

Shares of NASDAQ MNST opened at $54.11 on Wednesday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week 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 company’s 50 day moving average price is $51.25 and its 200-day moving average price is $50.97. The company has a market capitalization of $53.00 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MNST shares. Evercore ISI decreased their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Roth Mkm dropped their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Piper Sandler reduced their price target on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America raised their target price on shares of Monster Beverage from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and an average price target of $55.79.

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.