Baader Bank Aktiengesellschaft grew its position in Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 66.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,343 shares of the company’s stock after buying an additional 7,316 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Monster Beverage were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its stake in shares of Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after buying an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Monster Beverage during the 3rd quarter worth about $29,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Monster Beverage during the 3rd quarter worth about $36,000. Institutional investors own 72.36% of the company’s stock.
Wall Street Analyst Weigh In
MNST has been the subject of a number of research reports. Jefferies Financial Group set a $100.00 target price on shares of Monster Beverage in a research note on Wednesday, March 11th. Morgan Stanley restated an “overweight” rating and set a $100.00 target price (up from $96.00) on shares of Monster Beverage in a research note on Sunday. Evercore raised their target price on shares of Monster Beverage from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, TD Cowen cut their target price on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.37.
Monster Beverage Stock Up 0.1%
Shares of Monster Beverage stock opened at $85.93 on Thursday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $88.77. The company has a 50-day simple moving average of $76.24 and a two-hundred day simple moving average of $76.40. The stock has a market capitalization of $84.04 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50.
Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 2.32 earnings per share for the current fiscal year.
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.
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