Monster Beverage Corporation $MNST Stock: Mather Group LLC. Grows Stake

Mather Group LLC. boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 127.2% in the 3rd quarter, Holdings Channel reports. The firm owned 25,496 shares of the company’s stock after buying an additional 14,275 shares during the period. Mather Group LLC.’s holdings in Monster Beverage were worth $1,061,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Monster Beverage by 6.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company’s stock worth $15,173,000 after acquiring an additional 12,050 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in shares of Monster Beverage by 70.7% during the first quarter. Oxbow Advisors LLC now owns 85,814 shares of the company’s stock valued at $6,218,000 after purchasing an additional 35,528 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Monster Beverage by 2,304.9% during the first quarter. Whittier Trust Co. now owns 231,852 shares of the company’s stock valued at $17,194,000 after purchasing an additional 222,211 shares during the last quarter. Swedbank AB lifted its holdings in shares of Monster Beverage by 19.6% during the first quarter. Swedbank AB now owns 472,529 shares of the company’s stock valued at $34,239,000 after purchasing an additional 77,485 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Monster Beverage by 6.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,236,988 shares of the company’s stock valued at $94,887,000 after purchasing an additional 75,535 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MNST. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 price target (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. Piper Sandler upped their price objective on shares of Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a research note on Friday, August 7th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $98.00 target price (up from $84.00) on shares of Monster Beverage in a report on Monday, September 28th. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.07.

Monster Beverage Trading Up 0.9%

NASDAQ:MNST traded up $0.39 during trading hours on Friday, hitting $45.73. 12,345,237 shares of the stock traded hands, compared to its average volume of 10,027,700. The firm has a 50 day moving average price of $44.70 and a 200 day moving average price of $44.10. 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 cap of $89.59 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 2.81 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. Research analysts predict that Monster Beverage Corporation will post 1.16 EPS for the current 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.