Monster Beverage Corporation $MNST Holdings Increased by Third View Private Wealth LLC

Third View Private Wealth LLC lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 99.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,535 shares of the company’s stock after purchasing an additional 109,714 shares during the period. Monster Beverage comprises about 1.1% of Third View Private Wealth LLC’s holdings, making the stock its 20th largest holding. Third View Private Wealth LLC’s holdings in Monster Beverage were worth $9,137,000 as of its most recent filing with the Securities and Exchange Commission.

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

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $47.18 on Wednesday. Monster Beverage Corporation has a fifty-two week low of $32.94 and a fifty-two week high of $50.17. The firm has a market capitalization of $92.43 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock’s 50-day simple moving average is $44.73 and its 200-day simple moving average is $43.18.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MNST shares. Piper Sandler reaffirmed an “overweight” rating and issued a $50.50 target price on shares of Monster Beverage in a report on Monday, October 19th. BNP Paribas Exane reissued a “neutral” rating and issued a $98.00 price objective (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. UBS Group lifted their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group lowered their target price on shares of Monster Beverage from $108.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. One research 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 data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target 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.