Empirical Asset Management LLC Has $579,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Empirical Asset Management LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 116.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,096 shares of the company’s stock after acquiring an additional 5,970 shares during the period. Empirical Asset Management LLC’s holdings in Monster Beverage were worth $579,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MNST. LRI Investments LLC acquired a new position in Monster Beverage during the 1st quarter worth about $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage in the second quarter worth approximately $26,000. Kings Path Partners LLC bought a new stake in Monster Beverage in the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Monster Beverage during the 2nd quarter valued at approximately $30,000. Finally, Crewe Advisors LLC bought a new position in Monster Beverage during the 1st quarter worth approximately $37,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.7 %

Shares of NASDAQ:MNST opened at $51.68 on Tuesday. The business’s 50 day moving average is $49.25 and its 200 day moving average is $51.22. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The stock has a market cap of $53.84 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.29 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 (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. Monster Beverage’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, sell-side analysts forecast that Monster Beverage Co. will post 1.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNST has been the subject of several recent analyst reports. BNP Paribas initiated coverage on shares of Monster Beverage in a research report on Monday, June 24th. They set an “underperform” rating and a $48.00 price objective for the company. Evercore ISI decreased their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. 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 report on Thursday, August 8th. Stifel Nicolaus lowered their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, Jefferies Financial Group cut their price target on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.84.

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.