Mather Group LLC. raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 127.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,496 shares of the company’s stock after acquiring an additional 14,275 shares during the period. Mather Group LLC.’s holdings in Monster Beverage were worth $1,061,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MNST. Johnson Financial Group Inc. bought a new position in shares of Monster Beverage in the second quarter worth $27,000. Jones Financial Companies Lllp acquired a new position in shares of Monster Beverage during the second quarter valued at $28,000. Trust Co. of Vermont bought a new stake in shares of Monster Beverage during the second quarter valued at about $30,000. NBH Bank bought a new stake in shares of Monster Beverage during the second quarter valued at about $32,000. Finally, Clearstead Trust LLC acquired a new stake in Monster Beverage in the second quarter worth about $32,000. Institutional investors own 72.36% of the company’s stock.
Monster Beverage Price Performance
Shares of MNST traded up $0.39 during midday trading on Friday, reaching $45.73. The stock had a trading volume of 12,345,237 shares, compared to its average volume of 10,027,700. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The firm’s 50 day moving average price is $44.70 and its 200-day moving average price is $44.10. The company has a market capitalization of $89.59 billion, a P/E ratio of 42.34, a P/E/G ratio of 2.81 and a beta of 0.49.
Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 target price (up from $98.00) on shares of Monster Beverage in a research report on Monday, August 10th. Weiss Ratings raised shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. UBS Group upped their price target on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.
Read Our Latest Research Report on MNST
Monster Beverage Profile
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.
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