Realta Investment Advisors Makes New Investment in Monster Beverage Corporation $MNST

Realta Investment Advisors bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,332 shares of the company’s stock, valued at approximately $1,022,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its holdings in Monster Beverage by 397.9% during the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after acquiring an additional 12,148 shares during the period. Sivia Capital Partners LLC lifted its stake in Monster Beverage by 247.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares in the last quarter. M&T Bank Corp boosted its holdings in Monster Beverage by 2.6% in the 2nd quarter. M&T Bank Corp now owns 52,662 shares of the company’s stock valued at $3,299,000 after purchasing an additional 1,349 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Monster Beverage during the 2nd quarter valued at $45,000. Finally, 1832 Asset Management L.P. grew its position in shares of Monster Beverage by 5.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 55,517 shares of the company’s stock valued at $3,478,000 after purchasing an additional 2,976 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Performance

Monster Beverage stock opened at $72.37 on Friday. The firm’s fifty day moving average price is $78.70 and its 200-day moving average price is $74.50. The stock has a market cap of $70.77 billion, a P/E ratio of 37.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.51. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MNST. Piper Sandler increased their price objective on Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Stifel Nicolaus boosted their target price on Monster Beverage from $82.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Zacks Research lowered Monster Beverage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Finally, Evercore lifted their price target on Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $83.76.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.