Monster Beverage Corporation $MNST Shares Bought by Horizon Investments LLC

Horizon Investments LLC lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,484 shares of the company’s stock after buying an additional 7,975 shares during the quarter. Horizon Investments LLC’s holdings in Monster Beverage were worth $7,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Capital Advisory Group Advisory Services LLC grew its position in shares of Monster Beverage by 2.8% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after buying an additional 133 shares during the last quarter. D.A. Davidson & CO. lifted its position in Monster Beverage by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after acquiring an additional 141 shares during the last quarter. Earned Wealth Advisors LLC boosted its stake in Monster Beverage by 3.8% in the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after acquiring an additional 151 shares in the last quarter. Sage Mountain Advisors LLC boosted its stake in Monster Beverage by 1.4% in the fourth quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock valued at $853,000 after acquiring an additional 154 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Monster Beverage by 3.2% during the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST opened at $77.12 on Friday. Monster Beverage Corporation has a fifty-two week low of $58.09 and a fifty-two week high of $87.38. The firm has a 50-day simple moving average of $76.62 and a 200-day simple moving average of $75.75. The company has a market capitalization of $75.42 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 2.70 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities research analysts forecast that Monster Beverage Corporation will post 2.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on MNST shares. Wells Fargo & Company cut their target price on Monster Beverage from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group dropped their price target on Monster Beverage from $92.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 price target (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. Royal Bank Of Canada set a $86.00 price objective on Monster Beverage in a research note on Thursday, April 9th. Finally, Stifel Nicolaus decreased their price objective on Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $84.55.

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.