Monster Beverage Corporation $MNST Shares Bought by Sepio Capital LP

Key Points

• Sepio Capital increased its Monster Beverage stake by 69.9% in the third quarter, bringing its holdings to 102,887 shares valued at approximately $4.28 million. Institutional investors collectively own 72.36% of MNST.
• Monster Beverage reported quarterly EPS of $0.60, beating estimates of $0.58, while revenue reached $2.50 billion and rose 20.2% year over year.
• Analysts maintain a “Moderate Buy” consensus on MNST, with 1 Strong Buy, 15 Buy and 8 Hold ratings and an average price target of $74.05, well above the reported share price of $47.33.

Sepio Capital LP increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 69.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,887 shares of the company's stock after purchasing an additional 42,330 shares during the quarter. Sepio Capital LP's holdings in Monster Beverage were worth $4,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Johnson Financial Group Inc. acquired a new position in shares of Monster Beverage during the second quarter worth $27,000. Jones Financial Companies Lllp bought a new position in shares of Monster Beverage in the 2nd quarter valued at $28,000. Trust Co. of Vermont acquired a new stake in shares of Monster Beverage during the 2nd quarter valued at $30,000. NBH Bank bought a new stake in Monster Beverage during the 2nd quarter worth $32,000. Finally, Clearstead Trust LLC bought a new stake in Monster Beverage during the 2nd quarter worth $32,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Up 1.5%

Shares of MNST stock opened at $47.33 on Friday. The stock has a market cap of $92.72 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 2.89 and a beta of 0.49. The stock has a 50-day moving average of $44.78 and a 200-day moving average of $44.46. 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 issued its quarterly earnings data 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. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. Sell-side analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNST. Stifel Nicolaus set a $52.00 target price on Monster Beverage in a report on Thursday. BMO Capital Markets reissued a "market perform" rating and set a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $83.00 to $99.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. TD Cowen upped their price objective on Monster Beverage from $45.00 to $47.50 and gave the company a "hold" rating in a research note on Wednesday, July 8th. Finally, 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. 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.com, Monster Beverage presently has an average rating of "Moderate Buy" and a consensus price target of $74.05.

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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