Monster Beverage Corporation $MNST Shares Purchased by Rare Wolf Capital LLC

Rare Wolf Capital LLC increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 161.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,604 shares of the company’s stock after purchasing an additional 12,111 shares during the period. Rare Wolf Capital LLC’s holdings in Monster Beverage were worth $816,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in shares of Monster Beverage by 6.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company’s stock worth $15,173,000 after purchasing an additional 12,050 shares in the last quarter. Oxbow Advisors LLC boosted its stake in shares of Monster Beverage by 70.7% in the first quarter. Oxbow Advisors LLC now owns 85,814 shares of the company’s stock valued at $6,218,000 after purchasing an additional 35,528 shares during the period. Whittier Trust Co. boosted its stake in shares of Monster Beverage by 2,304.9% in the first quarter. Whittier Trust Co. now owns 231,852 shares of the company’s stock valued at $17,194,000 after purchasing an additional 222,211 shares during the period. Swedbank AB grew its holdings in Monster Beverage by 19.6% during the 1st quarter. Swedbank AB now owns 472,529 shares of the company’s stock valued at $34,239,000 after purchasing an additional 77,485 shares in the last quarter. Finally, OP Asset Management Ltd acquired a new stake in Monster Beverage during the 1st quarter valued at $5,314,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research note on Monday, July 20th. UBS Group boosted their price objective on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a report on Friday, August 7th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. TD Cowen upped their price objective on shares of Monster Beverage from $45.00 to $47.50 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley raised their target price on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $74.07.

Monster Beverage Stock Up 0.5%

Shares of MNST opened at $47.04 on Wednesday. The business’s 50 day moving average is $44.75 and its two-hundred day moving average is $44.31. Monster Beverage Corporation has a 52-week low of $32.94 and a 52-week high of $50.17. The firm has a market cap of $92.15 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 2.90 and a beta of 0.49.

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

Monster Beverage 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.