V Square Quantitative Management LLC Buys 17,423 Shares of Monster Beverage Corporation $MNST

V Square Quantitative Management LLC increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 118.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,082 shares of the company’s stock after purchasing an additional 17,423 shares during the quarter. V Square Quantitative Management LLC’s holdings in Monster Beverage were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MNST. Johnson Financial Group Inc. acquired a new stake in Monster Beverage during the 2nd quarter worth about $27,000. Jones Financial Companies Lllp acquired a new position in shares of Monster Beverage in the second quarter worth about $28,000. Trust Co. of Vermont acquired a new position in shares of Monster Beverage in the second quarter worth about $30,000. NBH Bank acquired a new position in shares of Monster Beverage in the second quarter worth about $32,000. Finally, Clearstead Trust LLC acquired a new position in shares of Monster Beverage in the second quarter worth about $32,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock traded up $0.39 during mid-day trading on Friday, hitting $45.73. The company’s stock had a trading volume of 12,345,237 shares, compared to its average volume of 10,027,700. The firm’s 50 day moving average is $44.70 and its 200 day moving average is $44.10. The company has a market cap of $89.59 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49. Monster Beverage Corporation has a 52-week low of $32.94 and a 52-week high of $50.17.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the company posted $0.26 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Monster Beverage from $52.00 to $52.50 and gave the company a “neutral” rating in a report on Friday, August 7th. The Goldman Sachs Group upped their price target on shares of Monster Beverage from $106.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Morgan Stanley raised their price objective on shares of Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their price objective on shares of Monster Beverage from $45.00 to $52.50 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Monster Beverage from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.07.

About Monster Beverage

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.