Third View Private Wealth LLC Invests $7.89 Million in Monster Beverage Corporation $MNST

Key Points

• Third View Private Wealth LLC opened a new position in Monster Beverage, acquiring 102,897 shares worth about $7.89 million, which is ~1.1% of its portfolio and the firm's 19th largest holding.
• Sell‑side sentiment is mixed but positive overall: the stock has an average rating of "Moderate Buy" (14 Buys, 8 Holds, 1 Sell) with an average price target of $83.38.
• Monster recently beat quarterly expectations with $0.51 EPS vs. $0.49 and revenue of $2.10 billion (up 17.6% YoY); the company has a market cap of $73.51 billion and a PE of 38.75.

Third View Private Wealth LLC acquired a new position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 102,897 shares of the company's stock, valued at approximately $7,889,000. Monster Beverage makes up 1.1% of Third View Private Wealth LLC's investment portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Monster Beverage by 222.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company's stock worth $3,385,000 after purchasing an additional 34,697 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in Monster Beverage by 87.8% in the 3rd quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company's stock worth $2,163,000 after buying an additional 15,029 shares during the period. ABN AMRO Bank N.V. bought a new position in Monster Beverage in the 3rd quarter worth $59,170,000. Inscription Capital LLC boosted its holdings in Monster Beverage by 130.6% in the 3rd quarter. Inscription Capital LLC now owns 25,260 shares of the company's stock worth $1,700,000 after buying an additional 14,305 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Monster Beverage by 2,436.3% in the 3rd quarter. UMB Bank n.a. now owns 57,371 shares of the company's stock worth $3,862,000 after buying an additional 55,109 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Monster Beverage from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Evercore upped their target price 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. Jefferies Financial Group set a $100.00 target price on shares of Monster Beverage in a report on Wednesday, March 11th. UBS Group dropped their target price on shares of Monster Beverage from $92.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. Finally, Wells Fargo & Company dropped their target price on shares of Monster Beverage from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.38.

Monster Beverage Stock Down 0.7%

MNST opened at $75.17 on Tuesday. The firm has a 50-day simple moving average of $77.97 and a two-hundred day simple moving average of $74.99. Monster Beverage Corporation has a 52 week low of $57.01 and a 52 week high of $87.38. The company has a market capitalization of $73.51 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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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