Monster Beverage Corporation $MNST Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 50.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,758 shares of the company’s stock after acquiring an additional 19,153 shares during the quarter. Park Avenue Securities LLC’s holdings in Monster Beverage were worth $2,362,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its position in shares of Monster Beverage by 103.5% during the third quarter. Verdence Capital Advisors LLC now owns 22,286 shares of the company’s stock worth $928,000 after purchasing an additional 11,332 shares in the last quarter. AGH Wealth Advisors LLC grew its holdings in Monster Beverage by 105.7% during the 3rd quarter. AGH Wealth Advisors LLC now owns 4,822 shares of the company’s stock valued at $201,000 after purchasing an additional 2,478 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Monster Beverage by 100.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 20,338 shares of the company’s stock valued at $846,000 after purchasing an additional 10,169 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Monster Beverage by 121.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 42,615 shares of the company’s stock valued at $1,774,000 after purchasing an additional 23,404 shares in the last quarter. Finally, Aries Wealth Management increased its stake in Monster Beverage by 100.0% during the 3rd quarter. Aries Wealth Management now owns 19,400 shares of the company’s stock worth $807,000 after buying an additional 9,700 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. TD Cowen boosted their price objective 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. BNP Paribas Exane restated a “neutral” rating and set a $98.00 target price (up from $84.00) on shares of Monster Beverage in a research note on Monday, September 28th. The Goldman Sachs Group raised their target price on Monster Beverage from $106.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 7th. 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, Stifel Nicolaus set a $52.00 price target on Monster Beverage in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.86.

Monster Beverage Trading Up 2.1%

Monster Beverage stock opened at $47.34 on Friday. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The stock has a market cap of $92.74 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 2.98 and a beta of 0.49. The stock has a 50 day moving average of $44.76 and a 200-day moving average of $43.09.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, equities 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.