Monster Beverage Corporation $MNST Holdings Increased by Rare Wolf Capital LLC

Rare Wolf Capital LLC grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 161.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,604 shares of the company’s stock after acquiring an additional 12,111 shares during the quarter. Rare Wolf Capital LLC’s holdings in Monster Beverage were worth $816,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of Monster Beverage by 6.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company’s stock valued at $15,173,000 after buying an additional 12,050 shares during the period. Oxbow Advisors LLC increased its holdings in shares of Monster Beverage by 70.7% during the 1st quarter. Oxbow Advisors LLC now owns 85,814 shares of the company’s stock worth $6,218,000 after buying an additional 35,528 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Monster Beverage by 2,304.9% during the 1st quarter. Whittier Trust Co. now owns 231,852 shares of the company’s stock worth $17,194,000 after buying an additional 222,211 shares during the last quarter. Swedbank AB raised its position in shares of Monster Beverage by 19.6% in the 1st quarter. Swedbank AB now owns 472,529 shares of the company’s stock worth $34,239,000 after buying an additional 77,485 shares during the period. Finally, OP Asset Management Ltd purchased a new position in shares of Monster Beverage in the 1st quarter worth $5,314,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Stock Up 0.5%

Monster Beverage stock opened at $47.04 on Wednesday. Monster Beverage Corporation has a 52-week low of $32.94 and a 52-week high of $50.17. The firm has a fifty day moving average of $44.75 and a 200-day moving average of $44.31. The firm has a market capitalization of $92.15 billion, a P/E ratio of 43.56, a PEG ratio of 2.90 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. On average, research analysts expect that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MNST. Morgan Stanley lifted their target price on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Stifel Nicolaus upped their price target on Monster Beverage from $45.00 to $52.50 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Royal Bank Of Canada restated an “outperform” rating and set a $48.50 price target (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. Sanford C. Bernstein cut their price objective on Monster Beverage from $95.00 to $50.00 in a report on Sunday, August 23rd. Finally, Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.07.

Monster Beverage Company 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.