Monster Beverage Corporation $MNST Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 7.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 170,222 shares of the company’s stock after purchasing an additional 12,304 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Monster Beverage were worth $12,890,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. boosted its position in 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 acquiring an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Monster Beverage during the third quarter worth $27,000. Harbor Investment Advisory LLC grew its position in shares of Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the last quarter. Finally, First Horizon Corp purchased a new position in Monster Beverage during the third quarter worth about $29,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Down 1.7%

Shares of MNST stock opened at $71.98 on Friday. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The firm’s 50 day moving average price is $79.68 and its two-hundred day moving average price is $74.09. The stock has a market cap of $70.33 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

MNST has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Morgan Stanley restated an “overweight” rating and issued a $96.00 target price (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Friday, January 16th. Zacks Research lowered shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $83.95.

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.