Sun Financial Inc Acquires Shares of 22,204 Monster Beverage Corporation $MNST

Key Points

• Sun Financial Inc. acquired a new stake of 22,204 shares of Monster Beverage (NASDAQ:MNST) in Q4, valued at about $1.70 million, making it the firm's 26th-largest holding and ~0.9% of its portfolio.
• Institutional ownership is high—about 72.36%—with Vanguard holding roughly 67.48 million shares (~$4.54 billion), while other large managers (e.g., ABN AMRO, Nordea) also recently increased positions.
• Monster recently beat quarterly estimates (EPS $0.51 vs. $0.49) with revenue up 17.6% year-over-year; analysts have an average rating of "Moderate Buy" and a consensus target of $84.55.

Sun Financial Inc acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,204 shares of the company's stock, valued at approximately $1,702,000. Monster Beverage comprises approximately 0.9% of Sun Financial Inc's holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ABN AMRO Bank N.V. purchased a new position in Monster Beverage in the 3rd quarter valued at about $59,170,000. Nordea Investment Management AB lifted its position in shares of Monster Beverage by 12.2% during the fourth quarter. Nordea Investment Management AB now owns 880,061 shares of the company's stock worth $67,738,000 after purchasing an additional 95,606 shares during the last quarter. Inscription Capital LLC lifted its position in shares of Monster Beverage by 130.6% during the third quarter. Inscription Capital LLC now owns 25,260 shares of the company's stock worth $1,700,000 after purchasing an additional 14,305 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Monster Beverage by 2,436.3% during the third quarter. UMB Bank n.a. now owns 57,371 shares of the company's stock worth $3,862,000 after purchasing an additional 55,109 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Monster Beverage by 3.2% during the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company's stock worth $4,542,320,000 after purchasing an additional 2,122,685 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $77.12 on Monday. The firm's 50 day moving average is $76.62 and its two-hundred day moving average is $75.80. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $87.38. The firm has a market capitalization of $75.42 billion, a P/E ratio of 39.75, a PEG ratio of 2.75 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.39 earnings per share. Monster Beverage's revenue was up 17.6% compared to the same quarter last year. Analysts predict that Monster Beverage Corporation will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Wells Fargo & Company dropped their price objective on shares of Monster Beverage from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Stifel Nicolaus dropped their price objective on shares of Monster Beverage from $92.00 to $90.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Jefferies Financial Group set a $100.00 price objective on shares of Monster Beverage in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada set a $86.00 price target on shares of Monster Beverage in a research note on Thursday, April 9th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.55.

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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