Monster Beverage Corporation $MNST Stock Purchased by Schuylkill Financial LLC

Schuylkill Financial LLC grew its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 121.4% in the third quarter, HoldingsChannel.com reports. The fund owned 20,166 shares of the company’s stock after purchasing an additional 11,057 shares during the period. Schuylkill Financial LLC’s holdings in Monster Beverage were worth $839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Monster Beverage in the second quarter worth approximately $5,770,004,000. Ninety One UK Ltd lifted its position in Monster Beverage by 89.1% during the third quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock valued at $545,444,000 after purchasing an additional 6,175,047 shares during the last quarter. Bank of America Corp DE grew its stake in Monster Beverage by 0.8% in the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock worth $908,102,000 after buying an additional 99,168 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Monster Beverage by 23.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after buying an additional 1,461,167 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Monster Beverage by 27.8% in the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after buying an additional 1,624,416 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

NASDAQ MNST traded down $0.22 on Wednesday, reaching $46.82. 2,047,969 shares of the company’s stock traded hands, compared to its average volume of 11,142,246. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17. The stock has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $44.31. The stock has a market cap of $91.73 billion, a PE ratio of 43.33, a P/E/G ratio of 2.90 and a beta of 0.49.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on MNST shares. Evercore decreased their price target on shares of Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $98.00 price objective (up from $84.00) on shares of Monster Beverage in a report on Monday, September 28th. UBS Group upped their target price on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley increased their target price on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 target price (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.07.

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.