44,292 Monster Beverage Corporation $MNST Shares Acquired by Signaturefd LLC

Key Points

• Signaturefd LLC increased its Monster Beverage stake by 93.4% in the third quarter, acquiring 44,292 additional shares for a total of 91,689 shares valued at approximately $3.82 million.
• Institutional investors own 72.36% of Monster Beverage, with major firms including BlackRock, Bank of America, Wellington Management and Arrowstreet Capital adding or initiating positions.
• Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $74.05. Monster recently exceeded quarterly earnings and revenue estimates, reporting $0.60 EPS and $2.50 billion in revenue.

Signaturefd LLC boosted its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 93.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,689 shares of the company's stock after buying an additional 44,292 shares during the period. Signaturefd LLC's holdings in Monster Beverage were worth $3,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNST. BlackRock Inc. bought a new stake in shares of Monster Beverage during the 2nd quarter worth about $5,770,004,000. Bank of America Corp DE acquired a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $1,195,360,000. Wellington Management Group LLP boosted its holdings in shares of Monster Beverage by 27.8% in the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company's stock valued at $717,629,000 after acquiring an additional 1,624,416 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of Monster Beverage in the second quarter valued at approximately $593,075,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Monster Beverage by 23.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company's stock valued at $553,414,000 after acquiring an additional 1,461,167 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MNST. Zacks Research upgraded shares of Monster Beverage from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. BNP Paribas Exane restated a "neutral" rating and issued a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. The Goldman Sachs Group increased their price target on Monster Beverage from $106.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Wells Fargo & Company decreased their price target on Monster Beverage from $53.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Finally, TD Cowen lifted their price target on Monster Beverage from $45.00 to $47.50 and gave the company a "hold" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.05.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $46.19 on Monday. Monster Beverage Corporation has a one year low of $32.94 and a one year high of $50.17. The stock has a fifty day moving average of $44.77 and a 200-day moving average of $44.52. The company has a market capitalization of $90.49 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 2.91 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The company's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. As a group, research analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.

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