Hudson Bay Capital Management LP Sells 101,296 Shares of Monster Beverage Corporation $MNST

Hudson Bay Capital Management LP cut its position in Monster Beverage Corporation (NASDAQ:MNST) by 13.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 625,034 shares of the company’s stock after selling 101,296 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Monster Beverage were worth $42,071,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in shares of Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in Monster Beverage during the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. grew its position in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares during the last quarter. First Horizon Corp acquired a new stake in Monster Beverage during the 3rd quarter valued at $29,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Monster Beverage by 49.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MNST shares. JPMorgan Chase & Co. boosted their price objective on Monster Beverage from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. UBS Group raised their target price on Monster Beverage from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $73.00 price target (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Zacks Research downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Monster Beverage from $83.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average target price of $83.95.

Monster Beverage Stock Performance

NASDAQ MNST opened at $74.09 on Thursday. The stock has a market capitalization of $72.39 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. Monster Beverage Corporation has a 52 week low of $54.73 and a 52 week high of $87.38. The stock has a fifty day moving average of $80.20 and a 200-day moving average of $73.73.

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 business had revenue of $2.10 billion for 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%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Monster Beverage 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.