Monster Beverage Corporation $MNST Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 81.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 257,103 shares of the company’s stock after buying an additional 115,027 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Monster Beverage were worth $10,701,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC increased its holdings in shares of Monster Beverage by 113.4% in the third quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock valued at $25,000 after buying an additional 321 shares in the last quarter. Davis Capital Management boosted its stake in shares of Monster Beverage by 98.8% during the 3rd quarter. Davis Capital Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Monster Beverage during the 2nd quarter worth $27,000. Balance Wealth Partners LLC bought a new stake in shares of Monster Beverage during the 3rd quarter worth $27,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Monster Beverage in the 2nd quarter worth $28,000. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MNST. Piper Sandler boosted their target price on Monster Beverage from $50.50 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Weiss Ratings upgraded Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.50 price target (down from $97.00) on shares of Monster Beverage in a research report on Wednesday, August 5th. BMO Capital Markets reissued a “market perform” rating and issued a $47.00 price target on shares of Monster Beverage in a research note on Monday. Finally, UBS Group restated a “neutral” rating and set a $50.00 price objective (up from $49.00) on shares of Monster Beverage in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.07.

Monster Beverage Stock Performance

Monster Beverage stock opened at $45.34 on Wednesday. The company has a 50 day moving average price of $44.67 and a 200 day moving average price of $43.34. Monster Beverage Corporation has a 52 week low of $35.03 and a 52 week high of $50.17. The firm has a market capitalization of $88.75 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 2.95 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. Monster Beverage had a net margin of 22.66% and a return on equity of 24.99%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the company posted $0.56 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages. The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012. Based in Corona, California, Monster sells its products in the United States and internationally.