Monster Beverage Corporation $MNST Stock: Lmcg Investments LLC Boosts Position

Lmcg Investments LLC boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 97.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,651 shares of the company’s stock after purchasing an additional 15,607 shares during the period. Lmcg Investments LLC’s holdings in Monster Beverage were worth $1,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Monster Beverage in the second quarter worth $5,770,004,000. Ninety One UK Ltd lifted its position in shares of Monster Beverage by 89.1% during the 3rd quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock valued at $545,444,000 after buying an additional 6,175,047 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Monster Beverage by 0.8% during the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock valued at $908,102,000 after buying an additional 99,168 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Monster Beverage by 23.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after acquiring an additional 1,461,167 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Monster Beverage by 27.8% during the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after acquiring an additional 1,624,416 shares during the period. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MNST shares. Stifel Nicolaus set a $52.00 price objective on Monster Beverage in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $83.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Sanford C. Bernstein cut their target price on shares of Monster Beverage from $95.00 to $50.00 in a research report on Sunday, August 23rd. TD Cowen lifted their target price on shares of Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley upped their price objective on Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $74.05.

Monster Beverage Trading Up 1.5%

MNST stock opened at $47.33 on Friday. The stock’s 50 day simple moving average is $44.78 and its 200 day simple moving average is $44.46. Monster Beverage Corporation has a 12-month low of $32.94 and a 12-month high of $50.17. The stock has a market capitalization of $92.72 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the company earned $0.26 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, research analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Monster Beverage Company Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.