Brookstone Capital Management Buys Shares of 17,720 Monster Beverage Corporation $MNST

Key Points

• Brookstone Capital Management bought a new stake of 17,720 shares (~$1.36M) in Monster Beverage during Q4, and institutional investors now own 72.36% of the company.
• Analyst sentiment is mixed-to-positive with several firms raising price targets; the consensus rating is a "Moderate Buy" with an average price target of $83.76 (14 Buys, 8 Holds, 1 Sell).
• Monster beat quarterly expectations with $0.51 EPS vs. $0.49 expected and revenue of $2.10B (up 17.6% YoY), reporting a 22.97% net margin and 27.38% return on equity.

Brookstone Capital Management purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,720 shares of the company's stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company's stock worth $890,000 after buying an additional 12,148 shares during the period. Sivia Capital Partners LLC raised its holdings in Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company's stock valued at $813,000 after acquiring an additional 9,251 shares during the period. M&T Bank Corp raised its holdings in Monster Beverage by 2.6% during the 2nd quarter. M&T Bank Corp now owns 52,662 shares of the company's stock valued at $3,299,000 after acquiring an additional 1,349 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Monster Beverage during the second quarter worth $45,000. Finally, 1832 Asset Management L.P. lifted its position in shares of Monster Beverage by 5.7% during the second quarter. 1832 Asset Management L.P. now owns 55,517 shares of the company's stock worth $3,478,000 after acquiring an additional 2,976 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MNST shares. UBS Group lifted their price target on Monster Beverage from $84.00 to $92.00 and gave the company a "neutral" rating in a research report on Friday, February 27th. Wall Street Zen downgraded Monster Beverage from a "buy" rating to a "hold" rating in a research note on Monday, March 9th. JPMorgan Chase & Co. lifted their target price on Monster Beverage from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, February 27th. Argus upped their price target on Monster Beverage from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Finally, Piper Sandler increased their price target on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.76.

Monster Beverage Price Performance

Monster Beverage stock opened at $72.37 on Friday. The stock has a market cap of $70.77 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.39 and a beta of 0.51. The business has a 50-day simple moving average of $78.70 and a 200 day simple moving average of $74.44. Monster Beverage Corporation has a 52 week low of $54.73 and a 52 week high of $87.38.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results 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 return on equity of 27.38% and a net margin of 22.97%.The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter last year, the firm posted $0.39 EPS. The company's revenue was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage 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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