M&T Bank Corp Has $1.69 Million Holdings in Monster Beverage Corporation $MNST

Key Points

• M&T Bank cut its stake in Monster by 48.0% in Q4, selling 20,310 shares and now holds 22,044 shares valued at $1.69 million.
• Monster beat Q4 expectations with EPS of $0.51 versus $0.49 and revenue of $2.10B versus $2.04B, with revenue up 17.6% year-over-year and a net margin of 22.97%.
• Analysts have a consensus rating of Moderate Buy (14 Buys, 8 Holds) with an average target of $84.55; the stock trades near $77.19 and has a 52-week range of $58.01–$87.38 and a market cap of about $75.48B.

M&T Bank Corp cut its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,044 shares of the company's stock after selling 20,310 shares during the period. M&T Bank Corp's holdings in Monster Beverage were worth $1,690,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MNST. Physician Wealth Advisors Inc. increased its holdings in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company's stock worth $25,000 after buying an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Monster Beverage during the third quarter worth $27,000. Harbor Investment Advisory LLC increased its holdings in shares of Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company's stock worth $27,000 after buying an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company's stock worth $28,000 after buying an additional 415 shares in the last quarter. Finally, First Horizon Corp acquired a new position in shares of Monster Beverage during the third quarter worth $29,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNST has been the subject of several research analyst reports. Evercore upped their price target on shares of Monster Beverage from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on Monster Beverage from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, March 30th. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a report on Wednesday, March 11th. Zacks Research downgraded Monster Beverage from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Finally, Wall Street Zen cut shares of Monster Beverage from a "buy" rating to a "hold" rating in a research report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.55.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $77.19 on Wednesday. Monster Beverage Corporation has a fifty-two week low of $58.01 and a fifty-two week high of $87.38. The stock has a market cap of $75.48 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.69 and a beta of 0.51. The firm's 50-day simple moving average is $76.84 and its 200 day simple moving average is $75.67.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts predict that Monster Beverage Corporation will post 2.29 EPS for the current year.

Monster Beverage Company 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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