Monster Beverage Corporation $MNST Stock Acquired by Sapient Capital LLC

Key Points

• Sapient Capital doubled its Monster Beverage stake in the third quarter, purchasing 33,685 additional shares to hold 67,208 shares valued at approximately $2.8 million. Institutional investors collectively own 72.36% of MNST.
• Analyst sentiment remains favorable, with 13 Buy ratings and nine Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $50.10.
• Monster Beverage shares recently rose 1.8% to $43.65. The company’s latest quarterly results exceeded expectations, with $0.60 in EPS and $2.50 billion in revenue, representing 20.2% year-over-year growth.

Sapient Capital LLC lifted its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 100.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,208 shares of the company's stock after purchasing an additional 33,685 shares during the quarter. Sapient Capital LLC's holdings in Monster Beverage were worth $2,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MNST. Retirement Wealth Solutions LLC lifted its stake in Monster Beverage by 113.4% during the third quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company's stock valued at $25,000 after buying an additional 321 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Monster Beverage in the second quarter worth approximately $27,000. Jones Financial Companies Lllp acquired a new stake in shares of Monster Beverage during the second quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new stake in shares of Monster Beverage in the fourth quarter valued at $30,000. Finally, Trust Co. of Vermont purchased a new stake in Monster Beverage in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Monster Beverage from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Monday. Piper Sandler upped their price target on Monster Beverage from $47.00 to $50.50 and gave the stock an "overweight" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $100.00 price objective on shares of Monster Beverage in a research note on Monday, August 10th. BNP Paribas Exane reaffirmed a "neutral" rating on shares of Monster Beverage in a research report on Monday, September 28th. Finally, Evercore upped their target price on shares of Monster Beverage from $47.50 to $52.50 and gave the company an "outperform" rating in a research note on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.10.

Monster Beverage Trading Up 1.8%

NASDAQ MNST traded up $0.77 on Thursday, reaching $43.65. The company's stock had a trading volume of 8,579,987 shares, compared to its average volume of 11,256,250. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The firm has a market cap of $85.51 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.82 and a beta of 0.49. The business has a 50-day moving average price of $45.01 and a 200 day moving average price of $43.82.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping 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 quarter last year, the company earned $0.26 earnings per share. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. Analysts anticipate that Monster Beverage Corporation will post 1.11 earnings per share for the current fiscal year.

Monster Beverage Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company's portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.

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.