Monster Beverage Corporation $MNST Shares Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its Monster Beverage stake by 73.3% in the third quarter, bringing its holdings to 103,250 shares valued at approximately $4.3 million. Institutional investors and hedge funds collectively own 72.36% of MNST.
• Monster Beverage reported quarterly revenue of $2.50 billion and earnings of $0.60 per share, exceeding analyst expectations, while revenue grew 20.2% year over year.
• MNST shares opened at $46.44, near their 50-day average of $44.83, and analysts maintain a consensus “Moderate Buy” rating with a target price of $71.86.

Yousif Capital Management LLC grew its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 73.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 103,250 shares of the company's stock after buying an additional 43,664 shares during the quarter. Yousif Capital Management LLC's holdings in Monster Beverage were worth $4,297,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MNST. CI Investments Inc. raised its holdings in Monster Beverage by 3.5% in the first quarter. CI Investments Inc. now owns 3,497 shares of the company's stock valued at $253,000 after acquiring an additional 119 shares in the last quarter. Root Financial Partners LLC grew its holdings in Monster Beverage by 2.8% during the 1st quarter. Root Financial Partners LLC now owns 4,981 shares of the company's stock worth $361,000 after acquiring an additional 137 shares in the last quarter. Wealth Alliance LLC grew its holdings in Monster Beverage by 2.2% during the 1st quarter. Wealth Alliance LLC now owns 6,752 shares of the company's stock worth $489,000 after acquiring an additional 148 shares in the last quarter. CX Institutional increased its position in shares of Monster Beverage by 2.4% in the 2nd quarter. CX Institutional now owns 6,384 shares of the company's stock valued at $614,000 after purchasing an additional 148 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Monster Beverage by 1.0% in the 1st quarter. V Square Quantitative Management LLC now owns 17,596 shares of the company's stock valued at $1,275,000 after purchasing an additional 175 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST stock opened at $46.44 on Tuesday. The stock's 50-day moving average is $44.83 and its two-hundred day moving average is $42.90. Monster Beverage Corporation has a 1 year low of $32.94 and a 1 year high of $50.17. The firm has a market cap of $90.98 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.91 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business 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 business's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. As a group, research analysts predict that Monster Beverage Corporation will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

MNST has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of 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 dropped their target price on Monster Beverage from $95.00 to $50.00 in a report on Sunday, August 23rd. Weiss Ratings cut Monster Beverage from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, October 19th. TD Cowen lifted their price target on Monster Beverage from $45.00 to $47.50 and gave the stock a "hold" rating in a report on Wednesday, July 8th. Finally, Stifel Nicolaus set a $52.00 price objective on Monster Beverage in a research report on Thursday. One equities research 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's stock. According to MarketBeat, Monster Beverage 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.

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.