Monster Beverage Corporation $MNST Stock Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 107.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,318 shares of the company’s stock after purchasing an additional 14,157 shares during the quarter. Quadrant Capital Group LLC’s holdings in Monster Beverage were worth $1,183,000 at the end of the most recent reporting period.

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

Monster Beverage Price Performance

Shares of MNST opened at $46.19 on Friday. Monster Beverage Corporation has a 1 year low of $32.94 and a 1 year high of $50.17. The stock has a 50 day simple moving average of $44.77 and a two-hundred day simple moving average of $44.47. The firm has a market cap of $90.49 billion, a P/E ratio of 42.77, a P/E/G ratio of 2.94 and a beta of 0.49.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MNST. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings cut Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. UBS Group lifted their price target on Monster Beverage from $52.00 to $52.50 and gave the company a “neutral” rating in a research report on Friday, August 7th. The Goldman Sachs Group upped their price objective on shares of Monster Beverage from $106.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $50.50 target price on shares of Monster Beverage in a research note on Monday. One equities 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 stock. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average target price of $74.05.

About Monster Beverage

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.