Monster Beverage Corporation $MNST Stock Position Lifted by Signaturefd LLC

Signaturefd LLC grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 93.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,689 shares of the company’s stock after buying an additional 44,292 shares during the quarter. Signaturefd LLC’s holdings in Monster Beverage were worth $3,816,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MNST. Johnson Financial Group Inc. acquired a new stake in shares of Monster Beverage during the second quarter valued at approximately $27,000. Jones Financial Companies Lllp purchased a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $30,000. NBH Bank acquired a new position in Monster Beverage in the 2nd quarter worth approximately $32,000. Finally, Clearstead Trust LLC acquired a new position in Monster Beverage in the 2nd quarter worth approximately $32,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of MNST opened at $46.19 on Monday. The business’s 50-day moving average is $44.77 and its 200-day moving average is $44.52. The company has a market capitalization of $90.49 billion, a price-to-earnings ratio of 42.77, a P/E/G ratio of 2.91 and a beta of 0.49. Monster Beverage Corporation has a fifty-two week low of $32.94 and a fifty-two week high of $50.17.

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

Analysts Set New Price Targets

MNST has been the topic of several research analyst reports. TD Cowen lifted their price objective on shares of Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Citigroup restated a “buy” rating on shares of Monster Beverage in a report on Thursday. Morgan Stanley raised their target price on Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein lowered their price target on Monster Beverage from $95.00 to $50.00 in a report on Sunday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $74.05.

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.