Monster Beverage Corporation $MNST Stock: Asset Management One Co. Ltd. Increases Position

Key Points

• Asset Management One more than doubled its Monster Beverage position in the third quarter, adding 409,377 shares to hold 800,754 shares valued at $33.3 million. Institutional investors own 72.36% of the company.
• Analysts maintain a generally positive view, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $71.86, despite mixed individual target revisions.
• Monster Beverage reported quarterly EPS of $0.60 and revenue of $2.50 billion, beating estimates and representing 20.2% year-over-year revenue growth.

Asset Management One Co. Ltd. lifted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 104.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 800,754 shares of the company's stock after acquiring an additional 409,377 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Monster Beverage were worth $33,327,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MNST shares. BNP Paribas Exane reiterated a "neutral" rating and issued a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research note on Monday, September 28th. Royal Bank Of Canada reissued an "outperform" rating and set a $48.50 price objective (down from $97.00) on shares of Monster Beverage in a report on Wednesday, August 5th. Citigroup reissued a "buy" rating on shares of Monster Beverage in a research report on Thursday, October 22nd. UBS Group boosted their target price on Monster Beverage from $52.00 to $52.50 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group upped their price target on Monster Beverage from $106.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.86.

Monster Beverage Trading Up 0.5%

MNST opened at $45.66 on Thursday. The company has a 50 day moving average of $44.78 and a 200 day moving average of $43.01. The company has a market cap of $89.45 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 2.91 and a beta of 0.49. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. Research analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

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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