Monster Beverage Corporation $MNST Stock Position Increased by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 118.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,082 shares of the company’s stock after acquiring an additional 17,423 shares during the period. V Square Quantitative Management LLC’s holdings in Monster Beverage were worth $1,335,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MNST. BlackRock Inc. acquired a new position in shares of Monster Beverage during the second quarter valued at $5,770,004,000. Bank of America Corp DE bought a new stake in shares of Monster Beverage during the second quarter valued at about $1,195,360,000. Wellington Management Group LLP raised its stake in shares of Monster Beverage by 27.8% during the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock valued at $717,629,000 after purchasing an additional 1,624,416 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Monster Beverage in the second quarter worth about $593,075,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Monster Beverage by 23.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after purchasing an additional 1,461,167 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.9%

Monster Beverage stock traded up $0.39 during midday trading on Friday, hitting $45.73. The company’s stock had a trading volume of 12,345,237 shares, compared to its average volume of 10,027,700. The stock’s 50-day moving average price is $44.70 and its 200-day moving average price is $44.10. Monster Beverage Corporation has a 12 month low of $32.94 and a 12 month high of $50.17. The company has a market capitalization of $89.59 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.81 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating 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%. Monster Beverage’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. As a group, equities analysts anticipate that Monster Beverage Corporation will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their target price on shares of Monster Beverage from $95.00 to $50.00 in a research report on Sunday, August 23rd. Zacks Research upgraded shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. boosted their price target on shares of Monster Beverage from $83.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $74.07.

Monster Beverage Company 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.