Landscape Capital Management L.L.C. Has $23.46 Million Stake in Monster Beverage Corporation $MNST

Landscape Capital Management L.L.C. boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 276.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,576 shares of the company’s stock after buying an additional 255,929 shares during the period. Monster Beverage accounts for approximately 1.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 3rd largest holding. Landscape Capital Management L.L.C.’s holdings in Monster Beverage were worth $23,463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MNST. Physician Wealth Advisors Inc. increased its holdings in shares of Monster Beverage by 508.1% in the 3rd 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 period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Monster Beverage during the third quarter worth approximately $27,000. Newbridge Financial Services Group Inc. grew its holdings in Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares in the last quarter. First Horizon Corp acquired a new stake in Monster Beverage in the 3rd quarter valued at approximately $29,000. Finally, Armstrong Advisory Group Inc. raised its stake in Monster Beverage by 49.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after acquiring an additional 146 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of analyst reports. Argus boosted their price target on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus raised their target price 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. Finally, Jefferies Financial Group boosted their price target on shares of Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Monster Beverage Stock Up 0.1%

Monster Beverage stock traded up $0.11 during midday trading on Friday, hitting $77.10. The company’s stock had a trading volume of 364,874 shares, compared to its average volume of 6,370,450. Monster Beverage Corporation has a 12 month low of $54.22 and a 12 month high of $87.38. The company has a market capitalization of $75.33 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. The stock’s 50-day moving average price is $80.16 and its 200-day moving average price is $73.25.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

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.