nVerses Capital LLC Has $1.01 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

nVerses Capital LLC grew its position in Monster Beverage Co. (NASDAQ:MNST) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,300 shares of the company’s stock after buying an additional 1,100 shares during the period. nVerses Capital LLC’s holdings in Monster Beverage were worth $1,007,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ninety One UK Ltd lifted its stake in Monster Beverage by 93.9% in the second quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after buying an additional 3,620,436 shares in the last quarter. AMF Tjanstepension AB acquired a new position in Monster Beverage in the 2nd quarter worth $81,757,000. TD Asset Management Inc increased its holdings in Monster Beverage by 41.1% during the 1st quarter. TD Asset Management Inc now owns 4,528,763 shares of the company’s stock worth $268,465,000 after purchasing an additional 1,318,890 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Monster Beverage by 34.1% during the 1st quarter. William Blair Investment Management LLC now owns 4,859,680 shares of the company’s stock worth $288,082,000 after purchasing an additional 1,234,718 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Monster Beverage by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after purchasing an additional 1,059,042 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST traded down $0.40 during mid-day trading on Thursday, hitting $53.18. 534,312 shares of the stock were exchanged, compared to its average volume of 7,029,718. The firm’s 50-day simple moving average is $49.35 and its 200 day simple moving average is $51.19. The stock has a market capitalization of $55.40 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two 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.

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

Analyst Ratings Changes

Several equities research analysts have commented on MNST shares. Deutsche Bank Aktiengesellschaft cut their target price on Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lowered their price target on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Roth Mkm dropped 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. Finally, Piper Sandler decreased their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $55.68.

Monster Beverage 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.