Monster Beverage Corporation $MNST Position Raised by Davidson Capital Management Inc.

Davidson Capital Management Inc. increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 102.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 36,097 shares of the company’s stock after buying an additional 18,260 shares during the quarter. Davidson Capital Management Inc.’s holdings in Monster Beverage were worth $1,502,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in Monster Beverage during the second quarter worth about $27,000. Jones Financial Companies Lllp bought a new stake in Monster Beverage in the second quarter worth about $28,000. Trust Co. of Vermont bought a new stake in Monster Beverage in the second quarter worth about $30,000. NBH Bank purchased a new position in Monster Beverage in the second quarter valued at about $32,000. Finally, Clearstead Trust LLC purchased a new position in Monster Beverage in the second quarter valued at about $32,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MNST. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group lifted their price target on shares of Monster Beverage from $106.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 price target (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.50 price objective (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. Finally, Piper Sandler increased their price objective on Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.07.

Monster Beverage Stock Performance

Shares of MNST opened at $45.34 on Friday. The business has a 50-day moving average of $44.69 and a 200 day moving average of $44.09. 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 $88.82 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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 business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. As a group, research analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Monster Beverage Company 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.