41,195 Monster Beverage Corporation $MNST Shares Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC more than doubled its Monster Beverage stake in the third quarter, purchasing 41,195 additional shares and bringing its holdings to 77,525 shares valued at approximately $3.23 million.
• Institutional ownership remains substantial at 72.36%, with major investors including BlackRock, Bank of America, Arrowstreet Capital, Wellington Management, and Jupiter Topco holding or adding significant positions.
• Analysts maintain a “Moderate Buy” consensus, with 15 Buy and 9 Hold ratings and an average price target of $74.07. Monster also exceeded quarterly earnings and revenue estimates, reporting $0.60 EPS and $2.50 billion in revenue, up 20.2% year over year.

GAMMA Investing LLC increased its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 113.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,525 shares of the company's stock after acquiring an additional 41,195 shares during the quarter. GAMMA Investing LLC's holdings in Monster Beverage were worth $3,227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Monster Beverage in the second quarter worth $5,770,004,000. Bank of America Corp DE boosted its position in shares of Monster Beverage by 0.8% during the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company's stock worth $908,102,000 after purchasing an additional 99,168 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Monster Beverage by 23.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company's stock valued at $553,414,000 after buying an additional 1,461,167 shares during the period. Wellington Management Group LLP grew its stake in shares of Monster Beverage by 27.8% in the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company's stock valued at $717,629,000 after buying an additional 1,624,416 shares during the period. Finally, Jupiter Topco LLC bought a new stake in Monster Beverage in the 2nd quarter valued at about $593,075,000. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Sanford C. Bernstein cut their price target on Monster Beverage from $95.00 to $50.00 in a report on Sunday, August 23rd. Jefferies Financial Group decreased their price objective on Monster Beverage from $108.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. BMO Capital Markets reaffirmed a "market perform" rating and set a $47.50 target price (up from $36.50) on shares of Monster Beverage in a research report on Monday, July 20th. Morgan Stanley increased their target price on Monster Beverage from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Monster Beverage from $83.00 to $99.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.07.

Monster Beverage Stock Down 0.0%

MNST stock opened at $43.64 on Friday. The firm has a market capitalization of $85.49 billion, a PE ratio of 40.41, a P/E/G ratio of 2.85 and a beta of 0.49. Monster Beverage Corporation has a twelve month low of $32.94 and a twelve month high of $50.17. The stock's 50 day moving average is $44.92 and its 200-day moving average is $43.82.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced 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. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Monster Beverage's revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Monster Beverage Corporation will post 1.11 earnings per share for the current fiscal year.

About Monster Beverage

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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