Monster Beverage Corporation $MNST Shares Sold by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management cut its Monster stake by 30.5%, selling 19,866 shares and leaving 45,240 shares valued at $3.469 million at quarter-end; institutional investors now own 72.36% of MNST.
• Monster beat Q4 expectations with $0.51 EPS vs. $0.49 estimated and $2.10 billion in revenue (up 17.6% year-over-year), posting a 22.97% net margin and a 27.38% return on equity.
• Analyst sentiment is broadly positive — a consensus " Moderate Buy " rating with an average price target of $84.55, while several firms (including Citigroup and Jefferies) have raised targets to around $100.

Oppenheimer Asset Management Inc. decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,240 shares of the company's stock after selling 19,866 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Monster Beverage were worth $3,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNST. Jones Financial Companies Lllp raised its stake in Monster Beverage by 397.9% during the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company's stock worth $890,000 after acquiring an additional 12,148 shares during the period. Sivia Capital Partners LLC raised its stake in Monster Beverage by 247.7% during the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company's stock worth $813,000 after acquiring an additional 9,251 shares during the period. Cresset Asset Management LLC raised its stake in Monster Beverage by 23.9% during the second quarter. Cresset Asset Management LLC now owns 6,652 shares of the company's stock worth $417,000 after acquiring an additional 1,281 shares during the period. Federated Hermes Inc. raised its stake in Monster Beverage by 55.9% during the second quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $301,000 after acquiring an additional 1,721 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Monster Beverage by 151.7% during the second quarter. NewEdge Advisors LLC now owns 34,075 shares of the company's stock worth $2,134,000 after acquiring an additional 20,538 shares during the period. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $77.12 on Monday. The firm's 50 day moving average is $76.62 and its two-hundred day moving average is $75.80. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $87.38. The firm has a market capitalization of $75.42 billion, a P/E ratio of 39.75, a PEG ratio of 2.75 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.39 earnings per share. Monster Beverage's revenue was up 17.6% compared to the same quarter last year. Analysts predict that Monster Beverage Corporation will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MNST shares. Citigroup increased their price objective on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Jefferies Financial Group set a $100.00 price target on shares of Monster Beverage in a research note on Wednesday, March 11th. Evercore raised their price target on shares of Monster Beverage from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Bank of America dropped their price target on shares of Monster Beverage from $100.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, April 10th. Finally, Zacks Research lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.55.

Monster Beverage Company Profile

Monster Beverage Corporation NASDAQ: MNST is an American beverage company best known for its Monster Energy brand of energy drinks. The company's product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen's Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

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