Aventura Private Wealth LLC Takes Position in Monster Beverage Corporation $MNST

Aventura Private Wealth LLC acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,826 shares of the company’s stock, valued at approximately $600,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. boosted its position in Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Monster Beverage during the 3rd quarter worth about $27,000. Newbridge Financial Services Group Inc. raised its stake in shares of 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 in the last quarter. First Horizon Corp acquired a new stake in shares of Monster Beverage during the 3rd quarter valued at about $29,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Monster Beverage by 49.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNST. Argus increased their price objective on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Stifel Nicolaus lifted their target price on shares of Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, February 27th. TD Cowen boosted their target price on shares of Monster Beverage from $80.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Citigroup increased their price target on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada raised their price target on shares of Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.95.

Monster Beverage Stock Down 0.1%

MNST opened at $73.67 on Friday. Monster Beverage Corporation has a 12-month low of $54.73 and a 12-month high of $87.38. The business has a 50 day moving average of $80.07 and a 200-day moving average of $73.81. The stock has a market cap of $71.97 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 2.38 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last posted its 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 analyst estimates of $2.04 billion. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Company 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.