Monster Beverage Corporation $MNST Stock Holdings Raised by William Allan Corp

William Allan Corp raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 99.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 71,822 shares of the company’s stock after acquiring an additional 35,875 shares during the quarter. Monster Beverage comprises approximately 1.6% of William Allan Corp’s holdings, making the stock its 22nd biggest position. William Allan Corp’s holdings in Monster Beverage were worth $2,989,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MNST. Mather Group LLC. raised its position in shares of Monster Beverage by 127.2% in the third quarter. Mather Group LLC. now owns 25,496 shares of the company’s stock valued at $1,061,000 after purchasing an additional 14,275 shares during the period. First Pacific Financial boosted its holdings in Monster Beverage by 94.6% in the 3rd quarter. First Pacific Financial now owns 872 shares of the company’s stock worth $36,000 after buying an additional 424 shares during the period. Fortitude Family Office LLC boosted its holdings in Monster Beverage by 491.9% in the 3rd quarter. Fortitude Family Office LLC now owns 4,256 shares of the company’s stock worth $177,000 after buying an additional 3,537 shares during the period. Strategy Asset Managers LLC boosted its holdings in Monster Beverage by 99.5% in the 3rd quarter. Strategy Asset Managers LLC now owns 17,340 shares of the company’s stock worth $722,000 after buying an additional 8,647 shares during the period. Finally, Western Financial Corp CA grew its stake in Monster Beverage by 680.3% in the 3rd quarter. Western Financial Corp CA now owns 115,490 shares of the company’s stock valued at $4,807,000 after buying an additional 100,690 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MNST shares. Piper Sandler boosted their target price on shares of Monster Beverage from $47.00 to $50.50 and gave the company an “overweight” rating in a report on Friday, August 7th. Sanford C. Bernstein dropped their target price on Monster Beverage from $95.00 to $50.00 in a research report on Sunday, August 23rd. JPMorgan Chase & Co. raised their price target on Monster Beverage from $83.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Monster Beverage in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.

Monster Beverage Price Performance

NASDAQ MNST opened at $44.22 on Thursday. The company’s 50 day simple moving average is $44.72 and its two-hundred day simple moving average is $44.02. Monster Beverage Corporation has a 1 year low of $32.94 and a 1 year high of $50.17. The stock has a market capitalization of $86.63 billion, a PE ratio of 40.94, a P/E/G ratio of 2.69 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last released its quarterly 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 firm had revenue of $2.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. On average, research analysts anticipate that Monster Beverage Corporation will post 1.16 EPS for the current year.

Monster Beverage Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.