Chesapeake Capital Corp IL Invests $689,000 in Monster Beverage Corporation $MNST

Chesapeake Capital Corp IL acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 10,239 shares of the company’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNST. Physician Wealth Advisors Inc. boosted its stake in 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 purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Monster Beverage during the 3rd quarter valued at approximately $27,000. First Horizon Corp purchased a new position in shares of Monster Beverage in the third quarter worth $29,000. Armstrong Advisory Group Inc. raised its holdings in shares of Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $77.11 on Friday. The stock has a market cap of $75.34 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44. The firm has a fifty day moving average price of $80.18 and a 200 day moving average price of $73.36. Monster Beverage Corporation has a 1 year low of $54.22 and a 1 year high of $87.38.

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

Analyst Ratings Changes

MNST has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Monster Beverage from $84.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, February 27th. The Goldman Sachs Group raised their target price on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Roth Mkm reaffirmed a “neutral” rating and set a $70.00 price target on shares of Monster Beverage in a research report on Wednesday, December 3rd. BNP Paribas Exane upgraded Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research note on Friday, January 16th. Finally, Stifel Nicolaus increased their price objective on Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

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.