USA Financial Formulas Makes New Investment in Monster Beverage Corporation $MNST

USA Financial Formulas acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,792 shares of the company’s stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. KWB Wealth increased its position in Monster Beverage by 97.8% in the 3rd quarter. KWB Wealth now owns 5,413 shares of the company’s stock valued at $225,000 after acquiring an additional 2,677 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its stake in Monster Beverage by 135.9% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 5,107 shares of the company’s stock valued at $213,000 after acquiring an additional 2,942 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Monster Beverage by 97.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 146,109 shares of the company’s stock worth $6,081,000 after acquiring an additional 72,173 shares during the period. Mosley Wealth Management lifted its position in Monster Beverage by 43.7% during the 3rd quarter. Mosley Wealth Management now owns 1,134 shares of the company’s stock worth $51,000 after acquiring an additional 345 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in Monster Beverage by 37.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 64,680 shares of the company’s stock worth $2,728,000 after acquiring an additional 17,486 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Trading Up 0.9%

Shares of MNST stock opened at $45.73 on Friday. The stock has a 50 day simple moving average of $44.70 and a 200-day simple moving average of $44.10. The company has a market cap of $89.59 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 2.84 and a beta of 0.49. Monster Beverage Corporation has a 12-month low of $32.94 and a 12-month high of $50.17.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Monster Beverage from $45.00 to $47.50 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada restated an “outperform” rating and set a $48.50 price target (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Wells Fargo & Company decreased their price target on Monster Beverage from $53.00 to $48.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, UBS Group lifted their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the company a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.07.

Monster Beverage Company Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.