Logan Capital Management Inc. Has $8.63 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Logan Capital Management Inc. lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 149,876 shares of the company’s stock after selling 11,864 shares during the quarter. Logan Capital Management Inc.’s holdings in Monster Beverage were worth $8,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ossiam increased its position in shares of Monster Beverage by 5.1% during the fourth quarter. Ossiam now owns 20,231 shares of the company’s stock worth $1,166,000 after acquiring an additional 981 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in shares of Monster Beverage in the fourth quarter worth approximately $3,997,000. Quadrature Capital Ltd purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $1,644,000. Epoch Investment Partners Inc. grew its stake in shares of Monster Beverage by 85.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,114,288 shares of the company’s stock worth $121,804,000 after acquiring an additional 974,610 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its holdings in shares of Monster Beverage by 86.4% in the fourth quarter. Vinva Investment Management Ltd now owns 42,219 shares of the company’s stock valued at $2,424,000 after purchasing an additional 19,566 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.5 %

Shares of MNST stock traded up $0.24 on Friday, reaching $52.69. The company’s stock had a trading volume of 18,586,477 shares, compared to its average volume of 12,717,441. The stock’s 50 day simple moving average is $53.95 and its 200-day simple moving average is $55.86. The company has a market capitalization of $54.89 billion, a P/E ratio of 33.14, a PEG ratio of 2.21 and a beta of 0.76. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Research analysts expect that Monster Beverage Co. will post 1.77 EPS for the current year.

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Redburn Atlantic assumed coverage on Monster Beverage in a research report on Wednesday, March 6th. They set a “buy” rating for the company. HSBC reduced their price target on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Finally, Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and dropped their target price for the company from $65.00 to $46.00 in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $61.32.

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.