Grove Bank & Trust Has $991,000 Holdings in Monster Beverage Corporation $MNST

Grove Bank & Trust boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 387.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,929 shares of the company’s stock after acquiring an additional 10,275 shares during the period. Grove Bank & Trust’s holdings in Monster Beverage were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of Monster Beverage by 397.9% during the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after purchasing an additional 12,148 shares during the period. Sivia Capital Partners LLC increased its stake in Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in Monster Beverage during the 2nd quarter worth approximately $216,000. Wealthspire Advisors LLC raised its holdings in Monster Beverage by 29.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 5,276 shares of the company’s stock worth $330,000 after buying an additional 1,185 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Monster Beverage by 3,111.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 10,469 shares of the company’s stock worth $665,000 after buying an additional 10,143 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 0.1%

NASDAQ MNST opened at $73.67 on Friday. Monster Beverage Corporation has a 12-month low of $54.73 and a 12-month high of $87.38. The company has a market capitalization of $71.97 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.38 and a beta of 0.44. The firm’s 50 day moving average is $80.07 and its 200-day moving average is $73.89.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 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 analysts’ expectations of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MNST shares. The Goldman Sachs Group upped their price target on shares of Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. BMO Capital Markets restated a “market perform” rating and set a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $96.00 target price (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Evercore increased their target price on Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Finally, Citigroup lifted their price target on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Fourteen research 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. According to data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $83.95.

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.