Fort Washington Investment Advisors Inc. OH Acquires 517,216 Shares of Monster Beverage Corporation $MNST

Key Points

• Fort Washington Investment Advisors increased its Monster Beverage stake by 50.4% in the third quarter, adding 517,216 shares to hold 1.54 million shares worth approximately $64.3 million. Institutional investors collectively own 72.36% of MNST.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $74.07, although several firms continue to rate the stock “Hold” or “Neutral.”
• Monster Beverage reported quarterly EPS of $0.60, exceeding expectations, while revenue rose 20.2% year over year to $2.50 billion. Shares opened at $44.22, with a one-year trading range of $32.94 to $50.17.

Fort Washington Investment Advisors Inc. OH grew its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 50.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,544,157 shares of the company's stock after acquiring an additional 517,216 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.08% of Monster Beverage worth $64,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Retirement Wealth Solutions LLC lifted its holdings in shares of Monster Beverage by 113.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company's stock worth $25,000 after acquiring an additional 321 shares during the period. Davis Capital Management boosted its stake in shares of Monster Beverage by 98.8% in the 3rd quarter. Davis Capital Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 316 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Monster Beverage in the 2nd quarter valued at $27,000. Jones Financial Companies Lllp bought a new stake in shares of Monster Beverage in the 2nd quarter worth about $28,000. Finally, MV Capital Management Inc. bought a new stake in shares of Monster Beverage in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of recent analyst reports. BNP Paribas Exane reiterated a "neutral" rating and set a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $100.00 target price (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. UBS Group upped their price objective on Monster Beverage from $52.00 to $52.50 and gave the stock a "neutral" rating in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $83.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $48.50 target price (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.07.

Monster Beverage Trading Up 2.1%

Shares of MNST opened at $44.22 on Thursday. The stock has a market cap of $86.63 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49. The stock's 50-day moving average price is $44.72 and its two-hundred day moving average price is $44.02. Monster Beverage Corporation has a 1 year low of $32.94 and a 1 year high of $50.17.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $2.43 billion. During the same period in the prior year, the business earned $0.26 EPS. Monster Beverage's revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current 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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