Monster Beverage Corporation $MNST Shares Bought by NFSG Corp

NFSG Corp boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 27,371.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,329 shares of the company’s stock after buying an additional 20,255 shares during the period. NFSG Corp’s holdings in Monster Beverage were worth $846,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $27,000. Jones Financial Companies Lllp bought a new position in shares of Monster Beverage in the 2nd quarter valued at about $28,000. Trust Co. of Vermont bought a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $30,000. NBH Bank purchased a new position in Monster Beverage during the second quarter worth $32,000. Finally, Clearstead Trust LLC purchased a new position in shares of Monster Beverage during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $45.34 on Friday. The company has a market capitalization of $88.82 billion, a PE ratio of 41.98, a P/E/G ratio of 2.74 and a beta of 0.49. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17. The firm’s 50-day moving average is $44.69 and its 200 day moving average is $44.09.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Sell-side analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Sanford C. Bernstein cut their target price on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Monster Beverage from $83.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. BNP Paribas Exane restated 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. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.07.

About Monster Beverage

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.