Hudson Bay Capital Management LP Has $42.07 Million Stock Position in Monster Beverage Corporation $MNST

Hudson Bay Capital Management LP lowered its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 625,034 shares of the company’s stock after selling 101,296 shares during the quarter. Hudson Bay Capital Management LP owned about 0.06% of Monster Beverage worth $42,071,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. grew its position in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Monster Beverage during the third quarter valued at about $27,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after buying an additional 415 shares during the period. First Horizon Corp bought a new stake in shares of Monster Beverage in the third quarter valued at about $29,000. Finally, Armstrong Advisory Group Inc. grew its position in Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on MNST shares. Citigroup upped their price target on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Argus upped their target price on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Zacks Research cut Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Piper Sandler lifted their price target on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.95.

Monster Beverage Trading Down 4.5%

NASDAQ MNST opened at $74.09 on Thursday. Monster Beverage Corporation has a 1-year low of $54.73 and a 1-year high of $87.38. The company has a market capitalization of $72.39 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.51 and a beta of 0.44. The stock’s 50 day moving average is $80.20 and its two-hundred day moving average is $73.73.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (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 analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current 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.