Monster Beverage Corporation $MNST Stock Bought by VestGen Advisors LLC

VestGen Advisors LLC increased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 89.8% in the third quarter, Holdings Channel reports. The firm owned 46,806 shares of the company’s stock after acquiring an additional 22,147 shares during the period. VestGen Advisors LLC’s holdings in Monster Beverage were worth $1,948,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on MNST shares. Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Jefferies Financial Group dropped their price objective on Monster Beverage from $108.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Sanford C. Bernstein dropped their price target on shares of Monster Beverage from $95.00 to $50.00 in a research report on Sunday, August 23rd. Stifel Nicolaus set a $52.00 price target on shares of Monster Beverage in a report on Thursday, October 22nd. Finally, UBS Group raised their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the company a “neutral” rating in a research report on Friday, August 7th. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.86.

Monster Beverage Price Performance

Shares of MNST stock opened at $47.34 on Friday. The firm has a market cap of $92.74 billion, a P/E ratio of 41.20, a PEG ratio of 2.92 and a beta of 0.49. The stock’s 50-day moving average is $44.76 and its two-hundred day moving average is $43.09. Monster Beverage Corporation has a fifty-two week low of $32.94 and a fifty-two week high of $50.17.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $2.50 billion for 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 firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. As a group, research analysts expect that Monster Beverage Corporation will post 1.16 EPS for the current year.

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.