24,124 Shares in Monster Beverage Corporation $MNST Acquired by Fig Financial Advisory Services Inc. ADV

Key Points

• Fig Financial Advisory Services acquired 24,124 Monster Beverage shares in the third quarter, valued at approximately $1.004 million. Institutional investors collectively own 72.36% of the company.
• Monster Beverage reported quarterly EPS of $0.60, exceeding the $0.58 consensus estimate, while revenue rose 20.2% year over year to $2.50 billion.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $50.10 versus the stock’s reported price of $42.88.

Fig Financial Advisory Services Inc. ADV purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,124 shares of the company's stock, valued at approximately $1,004,000.

A number of other large investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC increased its position in Monster Beverage by 192.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,678 shares of the company's stock valued at $70,000 after purchasing an additional 1,104 shares during the period. Retirement Wealth Solutions LLC lifted its position in shares of Monster Beverage by 113.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company's stock worth $25,000 after purchasing an additional 321 shares during the period. Cooper Financial Group boosted its stake in shares of Monster Beverage by 95.2% during the third quarter. Cooper Financial Group now owns 7,599 shares of the company's stock valued at $316,000 after purchasing an additional 3,706 shares in the last quarter. American National Bank & Trust boosted its stake in shares of Monster Beverage by 101.7% during the third quarter. American National Bank & Trust now owns 5,481 shares of the company's stock valued at $228,000 after purchasing an additional 2,764 shares in the last quarter. Finally, Juncture Wealth Strategies LLC increased its holdings in Monster Beverage by 101.5% during the third quarter. Juncture Wealth Strategies LLC now owns 11,696 shares of the company's stock valued at $487,000 after buying an additional 5,892 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Down 0.9%

NASDAQ:MNST opened at $42.88 on Thursday. The stock has a market capitalization of $84.00 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.82 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. The firm has a 50 day moving average of $45.12 and a 200 day moving average of $43.77.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The business's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, analysts expect that Monster Beverage Corporation will post 1.11 EPS for the current year.

Analysts Set New Price Targets

MNST has been the subject of a number of recent research reports. Citigroup reissued a "buy" rating on shares of Monster Beverage in a research note on Wednesday, August 12th. Stifel Nicolaus lifted their price target on Monster Beverage from $45.00 to $52.50 and gave the company a "buy" rating in a report on Thursday, July 16th. UBS Group boosted their price target on Monster Beverage from $52.00 to $52.50 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Piper Sandler upped their price objective on Monster Beverage from $47.00 to $50.50 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, TD Cowen raised their price objective on Monster Beverage from $45.00 to $47.50 and gave the company a "hold" rating in a research report on Wednesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.10.

Monster Beverage Company 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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