Fulcrum Asset Management LLP Invests $1.43 Million in Monster Beverage Corporation $MNST

Fulcrum Asset Management LLP bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 4th quarter, Holdings Channel reports. The firm bought 19,325 shares of the company’s stock, valued at approximately $1,427,000.

Several other large investors also recently made changes to their positions in MNST. Physician Wealth Advisors Inc. grew its holdings in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the period. First Horizon Corp acquired a new position in shares of Monster Beverage during the third quarter valued at $29,000. Finally, Triumph Capital Management acquired a new position in shares of Monster Beverage during the third quarter valued at $36,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $85.82 on Friday. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $88.77. The business has a 50-day moving average of $76.38 and a two-hundred day moving average of $76.52. The company has a market capitalization of $83.93 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.Monster Beverage’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, equities analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their price target on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Rothschild & Co Redburn raised Monster Beverage from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $90.00 in a research note on Wednesday, May 6th. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft increased their target price on Monster Beverage from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group set a $100.00 price target on Monster Beverage in a report on Wednesday, March 11th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.37.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.