SVB Wealth LLC Has $756,000 Stock Position in Monster Beverage Corporation $MNST

SVB Wealth LLC reduced its position in Monster Beverage Corporation (NASDAQ:MNST) by 39.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,854 shares of the company’s stock after selling 6,378 shares during the period. SVB Wealth LLC’s holdings in Monster Beverage were worth $756,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MNST shares. TD Cowen cut their price objective on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Argus raised their price objective on shares of Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a research report on Friday, January 16th. Finally, Stifel Nicolaus cut their price objective on shares of Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.37.

Monster Beverage Trading Down 0.6%

Shares of MNST opened at $85.87 on Wednesday. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $88.77. The firm’s 50 day moving average is $76.14 and its 200-day moving average is $76.29. The stock has a market capitalization of $83.98 billion, a PE ratio of 41.48, a P/E/G ratio of 2.92 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts predict that Monster Beverage Corporation will post 2.3 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.