Janney Montgomery Scott LLC decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST – Free Report) by 28.8% throughout the third quarter, HoldingsChannel.com stories. The institutional investor owned 334,632 shares of the corporate’s inventory after promoting 135,058 shares throughout the interval. Janney Montgomery Scott LLC’s holdings in Monster Beverage have been value $17,458,000 as of its most up-to-date SEC submitting.
Different giant buyers have additionally not too long ago made adjustments to their positions within the firm. LRI Investments LLC acquired a brand new stake in shares of Monster Beverage within the 1st quarter value about $26,000. Stephens Consulting LLC bought a brand new place in shares of Monster Beverage throughout the second quarter valued at roughly $26,000. Kings Path Companions LLC purchased a brand new stake in Monster Beverage throughout the second quarter value $30,000. College of Texas Texas AM Funding Administration Co. bought a brand new stake in Monster Beverage within the 2nd quarter valued at $30,000. Lastly, Crewe Advisors LLC purchased a brand new place in Monster Beverage throughout the 1st quarter valued at $37,000. 72.36% of the inventory is owned by institutional buyers.
Monster Beverage Inventory Efficiency
Shares of MNST opened at $54.11 on Wednesday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week excessive of $61.22. The inventory’s 50-day easy transferring common is $51.25 and its 200 day easy transferring common is $50.97. The corporate has a debt-to-equity ratio of 0.13, a fast ratio of two.69 and a present ratio of three.41. The inventory has a market capitalization of $53.00 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of two.37 and a beta of 0.74.
Monster Beverage (NASDAQ:MNST – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August seventh. The corporate reported $0.41 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.45 by ($0.04). The agency had income of $1.90 billion throughout the quarter, in comparison with analysts’ expectations of $2.01 billion. Monster Beverage had a return on fairness of twenty-two.23% and a web margin of twenty-two.84%. The corporate’s quarterly income was up 2.4% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $0.39 earnings per share. Analysis analysts forecast that Monster Beverage Co. will submit 1.66 EPS for the present fiscal yr.
Analyst Rankings Modifications
MNST has been the topic of a number of current analyst stories. Citigroup diminished their goal worth on shares of Monster Beverage from $60.00 to $54.00 and set a “purchase” ranking for the corporate in a analysis be aware on Thursday, August eighth. UBS Group lifted their goal worth on shares of Monster Beverage from $51.00 to $55.00 and gave the inventory a “impartial” ranking in a analysis report on Monday, October seventh. Deutsche Financial institution Aktiengesellschaft diminished their goal worth on Monster Beverage from $63.00 to $59.00 and set a “purchase” ranking for the corporate in a report on Thursday, August eighth. JPMorgan Chase & Co. dropped their worth goal on Monster Beverage from $50.00 to $49.00 and set a “impartial” ranking on the inventory in a report on Monday. Lastly, Evercore ISI decreased their goal worth on Monster Beverage from $65.00 to $60.00 and set an “outperform” ranking for the corporate in a analysis report on Thursday, August eighth. Two equities analysis analysts have rated the inventory with a promote ranking, six have given a maintain ranking and twelve have issued a purchase ranking to the corporate’s inventory. In response to MarketBeat, Monster Beverage presently has a median ranking of “Reasonable Purchase” and a consensus goal worth of $55.79.
Learn Our Newest Inventory Report on Monster Beverage
About Monster Beverage
Monster Beverage Company, via its subsidiaries, engages in improvement, advertising and marketing, sale, and distribution of power drink drinks and concentrates in the USA and internationally. The corporate operates via three segments: Monster Power Drinks, Strategic Manufacturers, Alcohol Manufacturers, and Different.
Really useful Tales
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