Outlook Wealth Advisors LLC Has $350,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Outlook Wealth Advisors LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,714 shares of the company’s stock after buying an additional 647 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Monster Beverage were worth $350,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Monster Beverage by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,652 shares of the company’s stock worth $1,461,000 after purchasing an additional 516 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Monster Beverage by 2.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 48,536 shares of the company’s stock valued at $2,877,000 after buying an additional 1,087 shares in the last quarter. Vicus Capital bought a new stake in shares of Monster Beverage in the first quarter valued at approximately $256,000. Founders Financial Securities LLC grew its position in Monster Beverage by 5.1% during the first quarter. Founders Financial Securities LLC now owns 10,699 shares of the company’s stock worth $634,000 after buying an additional 516 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in Monster Beverage by 0.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 40,380 shares of the company’s stock worth $2,394,000 after buying an additional 302 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Citigroup reduced their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price 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. BMO Capital Markets reduced their price target on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Finally, TD Cowen lowered their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average price target of $55.68.

Monster Beverage Stock Performance

NASDAQ MNST opened at $53.37 on Friday. The company has a market capitalization of $52.28 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.43 and a beta of 0.74. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a fifty day simple moving average of $50.39 and a 200 day simple moving average of $51.06.

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

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.