Monster Beverage Corporation $MNST Stake Boosted by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 474,626 shares of the company’s stock after acquiring an additional 21,469 shares during the period. Gateway Investment Advisers LLC’s holdings in Monster Beverage were worth $36,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. lifted its position 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 buying an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Monster Beverage during the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC grew its position in shares of Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in 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 acquiring an additional 415 shares during the period. Finally, First Horizon Corp acquired a new stake in Monster Beverage during the third quarter worth about $29,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Monster Beverage from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a research report on Wednesday, March 11th. Stifel Nicolaus cut their price target on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada set a $86.00 price objective on Monster Beverage in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Monster Beverage Trading Up 1.8%

Shares of NASDAQ:MNST opened at $77.20 on Thursday. The firm’s 50 day moving average is $76.31 and its two-hundred day moving average is $75.90. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $87.38. The firm has a market capitalization of $75.49 billion, a P/E ratio of 39.79, a PEG ratio of 2.71 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last issued 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 return on equity of 27.38% and a net margin of 22.97%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Analysts predict that Monster Beverage Corporation will post 2.28 EPS for the current year.

Monster Beverage Company Profile

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.