Patton Fund Management Inc. Increases Stock Holdings in Monster Beverage Corporation $MNST

Key Points

• Patton Fund Management increased its stake in Monster Beverage (MNST) by 68.8% in Q4, adding 30,979 shares to hold 76,001 shares worth $5.827 million.
• Monster beat quarterly expectations with EPS $0.51 vs. $0.49 and revenue of $2.10 billion (up 17.6% year‑over‑year), and analysts forecast roughly $1.62 EPS for the current year.
• The stock trades around $75.17 with a market cap of about $73.5 billion and a P/E of 38.8, and Wall Street consensus is a "Moderate Buy" with a $83.38 average target price.

Patton Fund Management Inc. increased its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,001 shares of the company's stock after acquiring an additional 30,979 shares during the quarter. Patton Fund Management Inc.'s holdings in Monster Beverage were worth $5,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC lifted its stake in Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company's stock worth $27,000 after acquiring an additional 205 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company's stock worth $25,000 after acquiring an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Monster Beverage in the third quarter worth $27,000. First Horizon Corp purchased a new stake in Monster Beverage in the third quarter worth $29,000. Finally, Armstrong Advisory Group Inc. lifted its stake in Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company's stock worth $30,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Down 0.7%

Shares of Monster Beverage stock opened at $75.17 on Tuesday. The firm has a market capitalization of $73.51 billion, a P/E ratio of 38.75, a P/E/G ratio of 2.51 and a beta of 0.51. The business has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $74.99. Monster Beverage Corporation has a 12 month low of $57.01 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. Analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of research analyst reports. Wall Street Zen lowered Monster Beverage from a "buy" rating to a "hold" rating in a research note on Monday, March 9th. Citigroup raised their price objective on Monster Beverage from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, February 27th. BNP Paribas Exane raised Monster Beverage from an "underperform" rating to a "neutral" rating and set a $77.00 price objective for the company in a research report on Friday, January 16th. Royal Bank Of Canada set a $86.00 price objective on Monster Beverage in a research report on Thursday. Finally, Morgan Stanley reissued an "overweight" rating and set a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.38.

About Monster Beverage

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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