Montrusco Bolton Investments Inc. Boosts Holdings in Monster Beverage Corporation $MNST

Key Points

• Montrusco Bolton raised its stake in Monster Beverage by 3.7% in Q4, buying 127,422 shares to own 3,539,158 shares (about 0.36% of MNST) valued at $266.5M, making it the firm's 10th-largest holding and roughly 3.3% of its portfolio.
• Other major institutions including Vanguard, State Street and Invesco also boosted positions, leaving total institutional ownership at 72.36% of the company.
• Q4 earnings beat: Monster reported EPS of $0.51 versus $0.49 expected and revenue of $2.10B (up 17.6% YoY); analysts' consensus is a "Moderate Buy" with a $84.55 target amid mixed price-target revisions.

Montrusco Bolton Investments Inc. raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,539,158 shares of the company's stock after purchasing an additional 127,422 shares during the quarter. Monster Beverage accounts for about 3.3% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 10th biggest position. Montrusco Bolton Investments Inc. owned about 0.36% of Monster Beverage worth $266,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company's stock valued at $4,542,320,000 after acquiring an additional 2,122,685 shares in the last quarter. State Street Corp boosted its position in shares of Monster Beverage by 8.0% during the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company's stock valued at $2,538,872,000 after acquiring an additional 2,789,273 shares in the last quarter. Invesco Ltd. boosted its position in shares of Monster Beverage by 6.3% during the 3rd quarter. Invesco Ltd. now owns 11,675,603 shares of the company's stock valued at $785,885,000 after acquiring an additional 692,192 shares in the last quarter. Ninety One UK Ltd boosted its position in Monster Beverage by 11.3% in the third quarter. Ninety One UK Ltd now owns 9,957,835 shares of the company's stock valued at $670,262,000 after buying an additional 1,013,356 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Monster Beverage by 12.2% in the third quarter. Schroder Investment Management Group now owns 8,175,683 shares of the company's stock valued at $547,444,000 after buying an additional 891,804 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

MNST opened at $78.23 on Friday. The company has a market cap of $76.50 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.51. The firm has a 50 day simple moving average of $77.05 and a 200 day simple moving average of $75.46. Monster Beverage Corporation has a fifty-two week low of $57.86 and a fifty-two week high of $87.38.

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

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of Monster Beverage from $88.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 20th. Royal Bank Of Canada set a $86.00 target price on shares of Monster Beverage in a research report on Thursday, April 9th. Citigroup upped their target price on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Argus upped their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Finally, Zacks Research lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. Fourteen research 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 a consensus target price of $84.55.

Monster Beverage 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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