Monster Beverage Corporation $MNST Stock Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 149.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 111,755 shares of the company’s stock after acquiring an additional 66,869 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Monster Beverage were worth $4,651,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC raised its stake in shares of Monster Beverage by 113.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock valued at $25,000 after acquiring an additional 321 shares during the period. Davis Capital Management lifted its holdings in shares of Monster Beverage by 98.8% in the 3rd quarter. Davis Capital Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Monster Beverage during the 2nd quarter worth approximately $27,000. Balance Wealth Partners LLC purchased a new position in shares of Monster Beverage during the 3rd quarter worth approximately $27,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Monster Beverage during the 2nd quarter worth approximately $28,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $46.35 on Friday. The stock’s 50-day moving average is $44.76 and its two-hundred day moving average is $43.05. The company has a market cap of $90.80 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 2.88 and a beta of 0.49. Monster Beverage Corporation has a 1-year low of $32.94 and a 1-year high of $50.17.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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 the consensus estimate of $2.43 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Monster Beverage from $49.50 to $49.00 and set a “neutral” rating for the company in a report on Monday. TD Cowen upped their price target on Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Monster Beverage in a research report on Thursday, October 22nd. Morgan Stanley lifted their price objective on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, UBS Group lifted their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the company a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $71.86.

Monster Beverage 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.