Monster Beverage Corporation $MNST Holdings Lifted by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management more than doubled its Monster Beverage position in the third quarter, increasing holdings by 114.8% to 208,355 shares valued at approximately $8.7 million. Institutional investors and hedge funds collectively own 72.36% of MNST.
• Monster Beverage reported quarterly earnings of $0.60 per share, beating estimates by $0.02, while revenue rose 20.2% year over year to $2.50 billion. The company posted a 23.08% net margin and analysts expect full-year earnings of $1.16 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $71.86, compared with the stock’s recent price of $45.66.

Generali Asset Management SPA SGR raised its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 114.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,355 shares of the company's stock after purchasing an additional 111,339 shares during the period. Generali Asset Management SPA SGR's holdings in Monster Beverage were worth $8,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in Monster Beverage by 104.6% in the third quarter. Asset Management One Co. Ltd. now owns 800,754 shares of the company's stock valued at $33,327,000 after buying an additional 409,377 shares during the last quarter. Balance Wealth Partners LLC acquired a new stake in Monster Beverage in the third quarter valued at $27,000. Livet Wealth LLC raised its stake in Monster Beverage by 103.4% in the third quarter. Livet Wealth LLC now owns 5,008 shares of the company's stock valued at $208,000 after buying an additional 2,546 shares in the last quarter. SYM FINANCIAL Corp lifted its holdings in Monster Beverage by 99.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 5,164 shares of the company's stock worth $215,000 after buying an additional 2,580 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its holdings in Monster Beverage by 166.0% during the 3rd quarter. Oakworth Capital Inc. now owns 1,596 shares of the company's stock worth $66,000 after buying an additional 996 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

NASDAQ MNST opened at $45.66 on Thursday. The firm's fifty day moving average price is $44.78 and its 200 day moving average price is $43.01. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17. The company has a market capitalization of $89.45 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 2.91 and a beta of 0.49.

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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the company earned $0.26 earnings per share. Monster Beverage's quarterly revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

MNST has been the subject of several analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $50.50 price objective on shares of Monster Beverage in a research report on Monday, October 19th. Jefferies Financial Group cut their target price on Monster Beverage from $108.00 to $54.00 and set a "buy" rating on the stock in a research report on Thursday, September 3rd. UBS Group raised their target price on Monster Beverage from $52.00 to $52.50 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Sanford C. Bernstein decreased their target price on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. Finally, Weiss Ratings downgraded Monster Beverage from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.86.

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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