Public Employees Retirement Association of Colorado Has $6.93 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Public Employees Retirement Association of Colorado lifted its position in Monster Beverage Co. (NASDAQ:MNSTFree Report) by 375.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,279 shares of the company’s stock after acquiring an additional 94,995 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Monster Beverage were worth $6,929,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Monster Beverage by 5.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after purchasing an additional 196 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after buying an additional 199 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Monster Beverage by 2.6% during the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after buying an additional 199 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Monster Beverage by 3.7% during the 4th quarter. CENTRAL TRUST Co now owns 5,908 shares of the company’s stock valued at $340,000 after acquiring an additional 213 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of Monster Beverage by 4.6% in the fourth quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock worth $300,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.5 %

Shares of MNST stock opened at $52.69 on Friday. The firm has a market capitalization of $54.89 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The firm’s fifty day simple moving average is $53.95 and its 200 day simple moving average is $55.85.

Monster Beverage (NASDAQ:MNSTGet Free Report) last posted its quarterly earnings data 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). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Monster Beverage Co. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. HSBC lowered their target price on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Redburn Atlantic assumed coverage on Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating on the stock. Morgan Stanley cut their price objective on shares of Monster Beverage from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Royal Bank of Canada boosted their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Truist Financial downgraded shares of Monster Beverage from a “buy” rating to a “sell” rating and cut their price target for the company from $65.00 to $46.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.32.

Check Out Our Latest Report on Monster Beverage

Monster Beverage Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Co. (NASDAQ:MNSTFree Report).

Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.