14,707 Shares in Monster Beverage Corporation $MNST Acquired by Dakota Wealth Management

Dakota Wealth Management bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,707 shares of the company’s stock, valued at approximately $1,128,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Monster Beverage during the second quarter valued at $544,584,000. AQR Capital Management LLC lifted its stake in Monster Beverage by 467.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock worth $422,996,000 after acquiring an additional 5,641,160 shares in the last quarter. State Street Corp boosted its position in Monster Beverage by 8.0% during the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock worth $2,538,872,000 after acquiring an additional 2,789,273 shares during the period. Vanguard Group Inc. grew its stake in Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after acquiring an additional 2,122,685 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Monster Beverage by 71.4% in the 3rd quarter. Capital Research Global Investors now owns 5,033,066 shares of the company’s stock valued at $338,765,000 after purchasing an additional 2,096,575 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MNST shares. Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Bank of America lifted their target price on shares of Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Zacks Research cut shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Evercore upped their price target on shares of Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.95.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $71.83 on Monday. Monster Beverage Corporation has a 12-month low of $54.73 and a 12-month high of $87.38. The stock has a 50 day moving average price of $79.56 and a two-hundred day moving average price of $74.30. The stock has a market capitalization of $70.18 billion, a P/E ratio of 37.03, a PEG ratio of 2.32 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last released 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate 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.