Monster Beverage Corporation $MNST Holdings Reduced by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in Monster Beverage Corporation (NASDAQ:MNST) by 57.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,434 shares of the company’s stock after selling 7,420 shares during the period. Bayforest Capital Ltd’s holdings in Monster Beverage were worth $417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNST. Physician Wealth Advisors Inc. boosted its holdings in shares of Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Monster Beverage in the third quarter valued at approximately $27,000. Harbor Investment Advisory LLC boosted its holdings 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 in the last quarter. 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 valued at $28,000 after acquiring an additional 415 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Monster Beverage in the third quarter valued at approximately $29,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $76.72 on Friday. The company has a market cap of $75.03 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. Monster Beverage Corporation has a 52 week low of $57.01 and a 52 week high of $87.38. The firm has a 50 day simple moving average of $77.45 and a 200 day simple moving average of $75.19.

Monster Beverage (NASDAQ:MNST) last issued 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. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

MNST has been the subject of several recent analyst reports. Zacks Research cut shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Friday, January 16th. Finally, Evercore increased their target price on shares of Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $83.38.

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.