Monster Beverage Corporation $MNST Stock: Soltis Investment Advisors LLC Grows Holdings

Key Points

• Soltis Investment Advisors increased its Monster Beverage holdings by 149% in the third quarter to 111,755 shares valued at approximately $4.65 million. Institutional investors collectively own 72.36% of MNST shares.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” from MarketBeat and an average price target of $71.86, despite differing individual targets and ratings.
• Monster Beverage reported quarterly earnings of $0.60 per share versus the $0.58 estimate, while revenue rose 20.2% year over year to $2.50 billion. The stock opened at $46.35, with a 52-week range of $32.94 to $50.17.

Soltis Investment Advisors LLC grew its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 149.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,755 shares of the company's stock after purchasing an additional 66,869 shares during the quarter. Soltis Investment Advisors LLC's holdings in Monster Beverage were worth $4,651,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Retirement Wealth Solutions LLC boosted its holdings in shares of Monster Beverage by 113.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company's stock worth $25,000 after purchasing an additional 321 shares during the last quarter. Davis Capital Management increased its holdings in shares of Monster Beverage by 98.8% in the third quarter. Davis Capital Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 316 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Monster Beverage in the second quarter valued at approximately $27,000. Balance Wealth Partners LLC purchased a new position in Monster Beverage during the third quarter worth approximately $27,000. Finally, Jones Financial Companies Lllp purchased a new position in Monster Beverage during the second quarter worth approximately $28,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNST. Wells Fargo & Company restated an "overweight" rating and issued a $50.00 target price (up from $48.00) on shares of Monster Beverage in a report on Monday. Morgan Stanley raised their target price on Monster Beverage from $103.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. UBS Group lifted their price target on Monster Beverage from $52.00 to $52.50 and gave the stock a "neutral" rating in a report on Friday, August 7th. Zacks Research raised shares of Monster Beverage from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Monster Beverage from $108.00 to $54.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.86.

Monster Beverage Stock Performance

MNST stock opened at $46.35 on Friday. Monster Beverage Corporation has a one year low of $32.94 and a one year high of $50.17. The firm has a market cap of $90.80 billion, a PE ratio of 42.92, a PEG ratio of 2.88 and a beta of 0.49. The firm's 50 day moving average price is $44.76 and its 200-day moving average price is $43.05.

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 for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates 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 for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. Equities research analysts predict that Monster Beverage Corporation will post 1.16 EPS 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.

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.