9,078 Shares in Monster Beverage Corporation $MNST Bought by Evermay Wealth Management LLC

Evermay Wealth Management LLC acquired a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,078 shares of the company’s stock, valued at approximately $696,000.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC bought a new position in Monster Beverage during the fourth quarter worth $211,000. Seascape Capital Management lifted its stake in Monster Beverage by 1.4% in the fourth quarter. Seascape Capital Management now owns 65,142 shares of the company’s stock valued at $4,994,000 after buying an additional 884 shares during the last quarter. Capital Advisory Group Advisory Services LLC lifted its stake in Monster Beverage by 2.8% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after buying an additional 133 shares during the last quarter. Greenleaf Trust lifted its stake in Monster Beverage by 4.5% in the fourth quarter. Greenleaf Trust now owns 13,637 shares of the company’s stock valued at $1,046,000 after buying an additional 588 shares during the last quarter. Finally, Naviter Wealth LLC bought a new stake in Monster Beverage in the fourth quarter valued at $219,000. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MNST shares. Bank of America raised their target price on Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Citigroup raised their target price on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BNP Paribas Exane upgraded 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. Argus raised their target price on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Monster Beverage from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday. 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 data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $82.95.

Monster Beverage Stock Up 3.7%

Shares of NASDAQ MNST opened at $75.14 on Thursday. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The firm’s 50-day simple moving average is $78.26 and its 200 day simple moving average is $74.69. The stock has a market cap of $73.48 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.39 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $0.39 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate 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.