Capstone Capital Management Ltd Acquires 15,901 Shares of Monster Beverage Corporation $MNST

Capstone Capital Management Ltd increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 203.9% in the third quarter, HoldingsChannel.com reports. The firm owned 23,700 shares of the company’s stock after buying an additional 15,901 shares during the quarter. Capstone Capital Management Ltd’s holdings in Monster Beverage were worth $986,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC increased its position in shares of Monster Beverage by 113.4% in the third quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock valued at $25,000 after buying an additional 321 shares in the last quarter. Davis Capital Management raised its stake in shares of Monster Beverage by 98.8% during the 3rd quarter. Davis Capital Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 316 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $27,000. Jones Financial Companies Lllp purchased a new position in shares of Monster Beverage during the 2nd quarter valued at approximately $28,000. Finally, Trust Co. of Vermont purchased a new position in shares of Monster Beverage during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $47.04 on Wednesday. Monster Beverage Corporation has a one year low of $32.94 and a one year high of $50.17. The stock has a market cap of $92.15 billion, a PE ratio of 43.56, a P/E/G ratio of 2.90 and a beta of 0.49. The stock has a 50 day moving average price of $44.75 and a 200 day moving average price of $44.31.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price target on shares of Monster Beverage from $108.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. BNP Paribas Exane reiterated a “neutral” rating and set a $98.00 price target (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. TD Cowen raised their price objective on Monster Beverage from $45.00 to $47.50 and gave the company a “hold” rating in a report on Wednesday, July 8th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, The Goldman Sachs Group upped their target price on shares of Monster Beverage from $106.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.07.

About Monster Beverage

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.