Heartland Bank & Trust Co Decreases Holdings in Monster Beverage Co. (NASDAQ:MNST)

Heartland Bank & Trust Co trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,569 shares of the company’s stock after selling 625 shares during the quarter. Heartland Bank & Trust Co’s holdings in Monster Beverage were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its position in Monster Beverage by 18.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,193 shares of the company’s stock worth $2,264,000 after purchasing an additional 5,816 shares during the period. Janiczek Wealth Management LLC increased its position in shares of Monster Beverage by 72.6% during the first quarter. Janiczek Wealth Management LLC now owns 3,122 shares of the company’s stock worth $185,000 after acquiring an additional 1,313 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Monster Beverage by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 24,652 shares of the company’s stock worth $1,461,000 after acquiring an additional 516 shares during the period. Asio Capital LLC increased its position in shares of Monster Beverage by 14.0% during the first quarter. Asio Capital LLC now owns 37,300 shares of the company’s stock worth $2,211,000 after acquiring an additional 4,584 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Monster Beverage by 2.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 48,536 shares of the company’s stock worth $2,877,000 after acquiring an additional 1,087 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of research reports. Roth Mkm reduced their target price 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. Evercore ISI decreased their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target on shares of Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Truist Financial reduced their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Finally, Wells Fargo & Company reduced their target price on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $55.68.

Monster Beverage Stock Performance

MNST opened at $53.56 on Thursday. The firm has a market capitalization of $55.79 billion, a PE ratio of 33.69, a PEG ratio of 2.29 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The firm’s 50-day moving average price is $50.13 and its 200 day moving average price is $51.09. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.45 by ($0.04). The firm 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.