Monster Beverage Corporation $MNST Stock: Wedmont Private Capital Grows Position

Key Points

• Wedmont Private Capital increased its Monster Beverage stake by 203.6% in the third quarter, bringing its holdings to 48,280 shares valued at approximately $2.1 million. Institutional investors collectively own 72.36% of MNST.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and 9 Holds. Monster Beverage has a “Moderate Buy” consensus rating and an average price target of $74.07.
• The company beat quarterly expectations, reporting $0.60 in EPS versus $0.58 expected and $2.50 billion in revenue, up 20.2% year over year. Shares opened at $43.64, with a trailing P/E ratio of 40.41.

Wedmont Private Capital raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 203.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 48,280 shares of the company's stock after purchasing an additional 32,379 shares during the period. Wedmont Private Capital's holdings in Monster Beverage were worth $2,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. CI Investments Inc. lifted its position in shares of Monster Beverage by 3.5% during the 1st quarter. CI Investments Inc. now owns 3,497 shares of the company's stock valued at $253,000 after buying an additional 119 shares in the last quarter. Root Financial Partners LLC increased its holdings in Monster Beverage by 2.8% in 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 raised its stake 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 during the period. CX Institutional raised its stake in Monster Beverage by 2.4% during the 2nd quarter. CX Institutional now owns 6,384 shares of the company's stock worth $614,000 after acquiring an additional 148 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Monster Beverage by 1.0% during the first 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 in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MNST. BNP Paribas Exane reiterated a "neutral" rating and issued a $98.00 price target (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. UBS Group lifted their target price on shares of Monster Beverage from $52.00 to $52.50 and gave the company a "neutral" rating in a research note on Friday, August 7th. TD Cowen lifted their target price on shares of Monster Beverage from $45.00 to $47.50 and gave the company a "hold" rating in a research note on Wednesday, July 8th. Morgan Stanley upped their target price on shares of Monster Beverage from $103.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, Jefferies Financial Group cut their price target on Monster Beverage from $108.00 to $54.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Monster Beverage currently has an average rating of "Moderate Buy" and a consensus target price of $74.07.

Monster Beverage Price Performance

Shares of MNST opened at $43.64 on Friday. Monster Beverage Corporation has a 1 year low of $32.94 and a 1 year high of $50.17. The company has a 50 day simple moving average of $44.92 and a two-hundred day simple moving average of $43.82. The firm has a market cap of $85.49 billion, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 2.85 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the business posted $0.26 earnings per share. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 1.11 earnings per share for the current year.

About Monster Beverage

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.

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