25,131 Shares in Monster Beverage Corporation $MNST Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,131 shares of the company’s stock, valued at approximately $1,692,000.

Several other hedge funds have also recently added to or reduced their stakes in MNST. Armstrong Advisory Group Inc. boosted its position in 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. D.A. Davidson & CO. increased its holdings in shares of Monster Beverage by 4.1% during the third quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock valued at $265,000 after purchasing an additional 155 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of Monster Beverage by 3.2% during the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after purchasing an additional 161 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of 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 valued at $93,000 after purchasing an additional 176 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its stake in shares of 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 own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a $73.00 target price (up from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, January 16th. Bank of America upped their price target on shares of Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Roth Mkm reiterated a “neutral” rating and issued a $70.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Monster Beverage Stock Up 0.2%

NASDAQ:MNST opened at $77.11 on Friday. The business’s 50-day moving average price is $80.18 and its 200 day moving average price is $73.36. Monster Beverage Corporation has a 52-week low of $54.22 and a 52-week high of $87.38. The firm has a market cap of $75.34 billion, a P/E ratio of 39.75, a PEG ratio of 2.49 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last issued 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. 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $0.39 EPS. Monster Beverage’s revenue was up 17.6% on a year-over-year basis. Sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS 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.