B. Metzler seel. Sohn & Co. AG Purchases 7,403 Shares of Monster Beverage Corporation $MNST

B. Metzler seel. Sohn & Co. AG grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,947 shares of the company’s stock after acquiring an additional 7,403 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Monster Beverage were worth $2,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. raised its stake in Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Monster Beverage in the third quarter worth about $27,000. Harbor Investment Advisory LLC raised its stake in Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after buying an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares in the last quarter. Finally, First Horizon Corp bought a new position in Monster Beverage in the third quarter worth about $29,000. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America cut their price objective on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada set a $86.00 price objective on shares of Monster Beverage in a report on Thursday, April 9th. Evercore upped their price objective on shares of Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Citigroup upped their price objective on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $84.55.

Monster Beverage Stock Up 0.9%

NASDAQ:MNST opened at $78.23 on Friday. The company’s 50 day moving average price is $77.05 and its 200-day moving average price is $75.46. Monster Beverage Corporation has a 52 week low of $57.86 and a 52 week high of $87.38. The stock has a market cap of $76.50 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.71 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS 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 firm 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 company posted $0.39 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Monster Beverage Corporation will post 2.29 earnings per share for the current 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.