12,805 Shares in Monster Beverage Corporation $MNST Bought by Avanza Fonder AB

Avanza Fonder AB purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,805 shares of the company’s stock, valued at approximately $982,000.

A number of other hedge funds also recently made changes to their positions in MNST. Armstrong Advisory Group Inc. boosted its position 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 valued at $30,000 after acquiring an additional 146 shares in the last quarter. D.A. Davidson & CO. raised its position in Monster Beverage by 4.1% in the third quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock worth $265,000 after purchasing an additional 155 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Monster Beverage by 3.2% during the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after purchasing an additional 161 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake 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 purchasing an additional 176 shares during the period. Finally, Meiji Yasuda Life Insurance Co boosted its holdings 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 valued at $706,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MNST shares. Argus upped their price objective on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $73.00 price target (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Piper Sandler upped their price target on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price objective on Monster Beverage from $83.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus lifted their price objective on Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a report on Friday, February 27th. Fourteen equities research 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 MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.95.

Monster Beverage Trading Down 1.3%

NASDAQ:MNST opened at $73.00 on Wednesday. The stock has a market capitalization of $71.32 billion, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.44. Monster Beverage Corporation has a 1 year low of $54.73 and a 1 year high of $87.38. The firm has a 50 day moving average of $79.89 and a 200-day moving average of $74.11.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company earned $0.39 EPS. Monster Beverage’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal 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.