Monster Beverage Corporation $MNST Stake Lifted by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 148.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 53,095 shares of the company’s stock after purchasing an additional 31,702 shares during the period. Signal Advisors Wealth LLC’s holdings in Monster Beverage were worth $2,210,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $5,770,004,000. Bank of America Corp DE bought a new position in shares of Monster Beverage during the second quarter valued at approximately $1,195,360,000. Jupiter Topco LLC bought a new position in shares of Monster Beverage during the second quarter valued at approximately $593,075,000. Legal & General Group Plc bought a new position in shares of Monster Beverage during the second quarter valued at approximately $478,694,000. Finally, Bank of New York Mellon Corp purchased a new position in Monster Beverage during the second quarter valued at approximately $440,838,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $44.22 on Thursday. The company has a market capitalization of $86.63 billion, a PE ratio of 40.94, a P/E/G ratio of 2.69 and a beta of 0.49. The company has a 50-day simple moving average of $44.72 and a two-hundred day simple moving average of $44.02. Monster Beverage Corporation has a one year low of $32.94 and a one year high of $50.17.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MNST shares. UBS Group boosted their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company lowered their target price on Monster Beverage from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, October 5th. BNP Paribas Exane restated a “neutral” rating and set a $98.00 target price (up from $84.00) on shares of Monster Beverage in a report on Monday, September 28th. Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group cut their price target on Monster Beverage from $108.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $74.07.

Monster Beverage Profile

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.