Aquatic Capital Management LLC Acquires 24,636 Shares of Monster Beverage Corporation $MNST

Aquatic Capital Management LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 16.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,798 shares of the company’s stock after purchasing an additional 24,636 shares during the quarter. Aquatic Capital Management LLC’s holdings in Monster Beverage were worth $11,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Armstrong Advisory Group Inc. lifted its stake 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 worth $30,000 after buying an additional 146 shares during the last quarter. D.A. Davidson & CO. grew its stake in Monster Beverage by 4.1% in the 3rd quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock valued at $265,000 after buying an additional 155 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in Monster Beverage by 3.2% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after acquiring an additional 161 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Monster Beverage by 13.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock worth $93,000 after acquiring an additional 176 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in Monster Beverage by 1.9% during the third quarter. Meiji Yasuda Life Insurance Co now owns 10,489 shares of the company’s stock worth $706,000 after acquiring an additional 194 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MNST shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus boosted their price target on Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Finally, Zacks Research cut Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Monster Beverage Trading Up 0.2%

NASDAQ MNST opened at $77.11 on Monday. The company has a market cap of $75.34 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.49 and a beta of 0.44. The company has a 50 day moving average of $80.18 and a 200-day moving average of $73.52. Monster Beverage Corporation has a 1-year low of $54.22 and a 1-year high of $87.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 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.