VCI Wealth Management LLC Makes New Investment in Monster Beverage Corporation $MNST

VCI Wealth Management LLC bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,768 shares of the company’s stock, valued at approximately $1,697,000.

Other hedge funds have also modified their holdings of the company. Signature Equity Partners LLC lifted its stake in Monster Beverage by 127.1% during the third quarter. Signature Equity Partners LLC now owns 5,538 shares of the company’s stock valued at $230,000 after buying an additional 3,099 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Monster Beverage by 100.0% in the third quarter. Salomon & Ludwin LLC now owns 730 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares in the last quarter. Vigilare Wealth Management increased its position in shares of Monster Beverage by 88.5% in the third quarter. Vigilare Wealth Management now owns 10,162 shares of the company’s stock worth $423,000 after acquiring an additional 4,770 shares in the last quarter. CKW Financial Group raised its holdings in shares of Monster Beverage by 103.9% during the third quarter. CKW Financial Group now owns 7,340 shares of the company’s stock valued at $309,000 after acquiring an additional 3,740 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Monster Beverage by 1,528.6% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 209,034 shares of the company’s stock valued at $8,725,000 after acquiring an additional 196,199 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 research firms recently commented on MNST. Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research note on Thursday, October 22nd. TD Cowen boosted their target price on shares of Monster Beverage from $45.00 to $47.50 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $50.50 target price on shares of Monster Beverage in a research report on Monday, October 19th. Finally, Morgan Stanley lifted their price target on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.86.

Monster Beverage Stock Performance

MNST stock opened at $48.02 on Tuesday. The firm has a 50 day simple moving average of $44.76 and a 200 day simple moving average of $43.14. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The stock has a market cap of $94.07 billion, a P/E ratio of 44.46, a P/E/G ratio of 2.88 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $2.50 billion during 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 company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. Sell-side analysts predict that Monster Beverage Corporation will post 1.16 EPS for the current year.

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.