Sather Financial Group Inc Has $76.75 Million Holdings in Monster Beverage Corporation $MNST

Sather Financial Group Inc reduced its position in Monster Beverage Corporation (NASDAQ:MNST) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,000 shares of the company’s stock after selling 11,237 shares during the quarter. Monster Beverage accounts for approximately 4.1% of Sather Financial Group Inc’s investment portfolio, making the stock its 8th largest holding. Sather Financial Group Inc owned approximately 0.10% of Monster Beverage worth $76,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MNST. Jones Financial Companies Lllp raised its holdings in shares of Monster Beverage by 397.9% in the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after acquiring an additional 12,148 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Monster Beverage by 247.7% in the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after acquiring an additional 9,251 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Monster Beverage by 23.9% in the second quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock valued at $417,000 after acquiring an additional 1,281 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Monster Beverage by 55.9% in the second quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock valued at $301,000 after acquiring an additional 1,721 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Monster Beverage by 151.7% in the second quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock valued at $2,134,000 after acquiring an additional 20,538 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group set a $100.00 price objective on Monster Beverage in a report on Wednesday, March 11th. Zacks Research downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Argus lifted their price objective on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Morgan Stanley restated an “overweight” rating and issued a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Finally, TD Cowen lifted their price objective on Monster Beverage from $80.00 to $88.00 and gave the company a “hold” rating in a report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.38.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $74.93 on Thursday. The company has a market capitalization of $73.27 billion, a PE ratio of 38.62, a P/E/G ratio of 2.63 and a beta of 0.51. The company has a 50-day simple moving average of $77.70 and a two-hundred day simple moving average of $75.06. Monster Beverage Corporation has a one year low of $57.01 and a one year high of $87.38.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.39 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal 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.