Monster Beverage Corporation $MNST Shares Bought by Carderock Capital Management Inc.

Carderock Capital Management Inc. lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 41.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,024 shares of the company’s stock after purchasing an additional 33,252 shares during the period. Monster Beverage accounts for about 2.1% of Carderock Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Carderock Capital Management Inc.’s holdings in Monster Beverage were worth $8,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harbor Investment Advisory LLC lifted its position in Monster Beverage by 136.7% during 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. Physician Wealth Advisors Inc. grew its holdings in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after buying an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Monster Beverage in the 3rd quarter worth $27,000. First Horizon Corp acquired a new stake in shares of Monster Beverage in the 3rd quarter worth $29,000. Finally, Armstrong Advisory Group Inc. raised its holdings 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 acquiring an additional 146 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Monster Beverage from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 27th. The Goldman Sachs Group lifted their target price on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company decreased their target price on shares of Monster Beverage from $94.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Argus increased their price target on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, January 16th. Fourteen 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.95.

Monster Beverage Trading Up 0.4%

Shares of MNST opened at $73.96 on Tuesday. The company’s 50-day moving average price is $80.00 and its 200 day moving average price is $74.03. Monster Beverage Corporation has a 12-month low of $54.73 and a 12-month high of $87.38. The firm has a market cap of $72.26 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.38 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results 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. 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 business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

About Monster Beverage

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.