Holocene Advisors LP Makes New Investment in Monster Beverage Corporation $MNST

Holocene Advisors LP bought a new position in Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 526,883 shares of the company’s stock, valued at approximately $35,464,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MNST. Physician Wealth Advisors Inc. increased its stake in shares of Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after acquiring an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in Monster Beverage in the third quarter valued at about $27,000. First Horizon Corp purchased a new stake in Monster Beverage in the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. boosted its holdings in Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MNST shares. UBS Group increased their target price on Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Stifel Nicolaus lifted their price target on Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.95.

Monster Beverage Trading Down 0.1%

MNST stock opened at $77.05 on Tuesday. The firm has a 50 day moving average of $80.20 and a 200-day moving average of $73.62. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.49 and a beta of 0.44. Monster Beverage Corporation has a 12-month low of $54.73 and a 12-month high of $87.38.

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

Monster Beverage Profile

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.