Landscape Capital Management L.L.C. Buys 255,929 Shares of Monster Beverage Corporation $MNST

Landscape Capital Management L.L.C. grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 276.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,576 shares of the company’s stock after purchasing an additional 255,929 shares during the period. Monster Beverage comprises about 1.5% of Landscape Capital Management L.L.C.’s holdings, making the stock its 3rd biggest holding. Landscape Capital Management L.L.C.’s holdings in Monster Beverage were worth $23,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Monster Beverage in the third quarter worth about $27,000. Newbridge Financial Services Group Inc. boosted its holdings 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 worth $28,000 after buying an additional 415 shares during the period. First Horizon Corp purchased a new position in shares of Monster Beverage in the third quarter worth approximately $29,000. Finally, Armstrong Advisory Group Inc. increased its position in shares of Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock traded up $0.11 during trading hours on Friday, hitting $77.10. The company had a trading volume of 364,874 shares, compared to its average volume of 6,370,450. Monster Beverage Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $87.38. The firm has a market capitalization of $75.33 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. The firm’s fifty day moving average is $80.16 and its 200-day moving average is $73.25.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company posted $0.39 EPS. Monster Beverage’s revenue was up 17.6% on a year-over-year basis. Analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MNST shares. Wells Fargo & Company upped their price target on shares of Monster Beverage from $86.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a research note on Friday, January 16th. Roth Mkm restated a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a report on Wednesday, December 3rd. TD Cowen raised their target price on Monster Beverage from $80.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Finally, Jefferies Financial Group upped their price target on Monster Beverage from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

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.