27,348 Shares in Monster Beverage Corporation $MNST Purchased by Highland Capital Management LLC

Key Points

• Highland Capital Management acquired a new position of 27,348 shares in Monster Beverage (NASDAQ:MNST) during the fourth quarter, valued at about $2.10 million.
• Monster beat estimates with quarterly EPS of $0.51 (vs. $0.49) and revenue of $2.10 billion (up 17.6% YoY); analysts hold a consensus "Moderate Buy" rating with a $84.40 price target.

Highland Capital Management LLC acquired a new position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,348 shares of the company's stock, valued at approximately $2,097,000.

A number of other large investors have also modified their holdings of MNST. Physician Wealth Advisors Inc. increased its holdings in shares of Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company's stock worth $25,000 after acquiring an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in Monster Beverage during the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC increased its stake in Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company's stock valued at $27,000 after buying an additional 205 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company's stock valued at $28,000 after buying an additional 415 shares during the period. Finally, First Horizon Corp acquired a new position in Monster Beverage during the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Trading Up 0.8%

NASDAQ:MNST opened at $75.80 on Wednesday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $87.38. The company has a 50-day moving average of $76.46 and a 200-day moving average of $75.85. The firm has a market cap of $74.13 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.68 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.39 EPS. The business's revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts forecast that Monster Beverage Corporation will post 2.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

MNST has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Monster Beverage from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Argus raised their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, March 3rd. Jefferies Financial Group set a $100.00 target price on shares of Monster Beverage in a research note on Wednesday, March 11th. Bank of America lowered their target price on shares of Monster Beverage from $100.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Finally, TD Cowen lowered their target price on shares of Monster Beverage from $88.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.40.

Monster Beverage Company Profile

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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