Monster Beverage Corporation $MNST Shares Acquired by Sapient Capital LLC

Sapient Capital LLC raised its position in Monster Beverage Corporation (NASDAQ:MNST) by 100.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,208 shares of the company’s stock after buying an additional 33,685 shares during the period. Sapient Capital LLC’s holdings in Monster Beverage were worth $2,797,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. CI Investments Inc. raised its position in Monster Beverage by 3.5% in the 1st quarter. CI Investments Inc. now owns 3,497 shares of the company’s stock valued at $253,000 after purchasing an additional 119 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Monster Beverage by 2.8% during the first quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock worth $361,000 after purchasing an additional 137 shares in the last quarter. Wealth Alliance LLC grew its stake in shares of Monster Beverage by 2.2% during the first quarter. Wealth Alliance LLC now owns 6,752 shares of the company’s stock valued at $489,000 after purchasing an additional 148 shares during the last quarter. CX Institutional grew its stake in shares of Monster Beverage by 2.4% during the second quarter. CX Institutional now owns 6,384 shares of the company’s stock valued at $614,000 after purchasing an additional 148 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Monster Beverage by 1.0% in the first quarter. V Square Quantitative Management LLC now owns 17,596 shares of the company’s stock valued at $1,275,000 after purchasing an additional 175 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MNST. BNP Paribas Exane reaffirmed a “neutral” rating on shares of Monster Beverage in a report on Monday, September 28th. UBS Group boosted their target price on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research note on Wednesday, August 12th. Piper Sandler lifted their price objective on Monster Beverage from $47.00 to $50.50 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus boosted their price objective on Monster Beverage from $45.00 to $52.50 and gave the stock a “buy” rating in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.10.

Monster Beverage Stock Up 1.8%

Shares of Monster Beverage stock traded up $0.77 during trading on Thursday, reaching $43.65. 8,579,987 shares of the company were exchanged, compared to its average volume of 11,256,250. Monster Beverage Corporation has a twelve month low of $32.94 and a twelve month high of $50.17. The business has a 50-day moving average price of $45.01 and a 200-day moving average price of $43.82. The firm has a market capitalization of $85.51 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 2.82 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%.The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.11 EPS for the current fiscal year.

About Monster Beverage

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.