Monster Beverage Corporation $MNST Shares Bought by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management more than doubled its Monster Beverage holdings in the third quarter, adding 84,103 shares to own 160,217 shares valued at approximately $6.67 million.
• Several other institutional investors also increased their positions, with hedge funds and other institutions collectively owning 72.36% of MNST shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $71.86, while Monster reported quarterly revenue growth of 20.2% and earnings above estimates.

Motley Fool Asset Management LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 110.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,217 shares of the company's stock after acquiring an additional 84,103 shares during the period. Motley Fool Asset Management LLC's holdings in Monster Beverage were worth $6,668,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. grew its position in Monster Beverage by 98.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 12,951 shares of the company's stock worth $539,000 after purchasing an additional 6,435 shares during the period. North Dakota State Investment Board lifted its holdings in shares of Monster Beverage by 107.0% in the 3rd quarter. North Dakota State Investment Board now owns 42,940 shares of the company's stock valued at $1,787,000 after buying an additional 22,197 shares during the period. VestGen Advisors LLC lifted its holdings in shares of Monster Beverage by 89.8% in the 3rd quarter. VestGen Advisors LLC now owns 46,806 shares of the company's stock valued at $1,948,000 after buying an additional 22,147 shares during the period. Beacon Bank & Trust lifted its holdings in shares of Monster Beverage by 100.0% in the 3rd quarter. Beacon Bank & Trust now owns 5,150 shares of the company's stock valued at $214,000 after buying an additional 2,575 shares during the period. Finally, Financial Insights Inc. lifted its holdings in shares of Monster Beverage by 100.0% in the 3rd quarter. Financial Insights Inc. now owns 6,990 shares of the company's stock valued at $291,000 after buying an additional 3,495 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MNST. Citigroup reiterated a "buy" rating on shares of Monster Beverage in a research report on Thursday, October 22nd. Stifel Nicolaus set a $52.00 price objective on Monster Beverage in a research report on Thursday, October 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Monster Beverage from $49.50 to $49.00 and set a "neutral" rating on the stock in a research note on Monday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $48.50 price objective (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $47.50 target price (up from $36.50) on shares of Monster Beverage in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.86.

Monster Beverage Trading Up 0.5%

MNST stock opened at $45.66 on Thursday. The firm has a 50-day moving average of $44.78 and a two-hundred day moving average of $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 cap of $89.45 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 2.91 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. As a group, equities analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Monster Beverage 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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