Diversified Trust Co. Grows Stock Holdings in Monster Beverage Corporation $MNST

Diversified Trust Co. raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 42.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,259 shares of the company’s stock after acquiring an additional 7,771 shares during the quarter. Diversified Trust Co.’s holdings in Monster Beverage were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted 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 purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Monster Beverage during the third quarter valued at about $27,000. Harbor Investment Advisory LLC boosted its position in shares of Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Monster Beverage during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.3%

Shares of Monster Beverage stock opened at $73.21 on Thursday. The firm has a market capitalization of $71.53 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 2.36 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. The business’s 50-day moving average price is $79.80 and its 200-day moving average price is $74.10.

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 the consensus estimate of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNST has been the subject of several analyst reports. Citigroup raised their price target on shares of Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 27th. Roth Mkm restated a “neutral” rating and set a $70.00 target price on shares of Monster Beverage in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. raised their price target on Monster Beverage from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, February 27th. The Goldman Sachs Group boosted their price objective on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, UBS Group raised their target price on shares of Monster Beverage from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Fourteen investment 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $83.95.

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.