Monster Beverage Corporation $MNST Stock Holdings Increased by Capstone Capital Management Ltd

Capstone Capital Management Ltd boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 203.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,700 shares of the company’s stock after purchasing an additional 15,901 shares during the period. Capstone Capital Management Ltd’s holdings in Monster Beverage were worth $986,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its stake in shares of Monster Beverage by 100.0% during the third quarter. Physician Wealth Advisors Inc. now owns 776 shares of the company’s stock worth $32,000 after buying an additional 388 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Monster Beverage by 104.5% during the third quarter. Pinnacle Associates Ltd. now owns 12,017 shares of the company’s stock valued at $500,000 after buying an additional 6,140 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Monster Beverage by 102.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 473,123 shares of the company’s stock valued at $19,691,000 after acquiring an additional 238,907 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Monster Beverage by 32.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,778,496 shares of the company’s stock valued at $157,261,000 after acquiring an additional 932,252 shares during the period. Finally, Diversify Advisory Services LLC increased its position in shares of Monster Beverage by 29.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 40,034 shares of the company’s stock valued at $1,815,000 after acquiring an additional 9,059 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MNST. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price target (up from $98.00) on shares of Monster Beverage in a research report on Monday, August 10th. UBS Group raised their price objective on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BNP Paribas Exane restated a “neutral” rating and issued a $98.00 price objective (up from $84.00) on shares of Monster Beverage in a research note on Monday, September 28th. Jefferies Financial Group dropped their target price on Monster Beverage from $108.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Finally, TD Cowen increased their price target on shares of Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $74.07.

Monster Beverage Trading Up 0.5%

Shares of MNST stock opened at $47.04 on Wednesday. The stock has a 50 day moving average of $44.75 and a 200 day moving average of $44.31. The stock has a market cap of $92.15 billion, a P/E ratio of 43.56, a P/E/G ratio of 2.90 and a beta of 0.49. Monster Beverage Corporation has a twelve month low of $32.94 and a twelve month high of $50.17.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, research analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Monster Beverage Profile

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.