Monster Beverage Corporation $MNST Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,883 shares of the company’s stock after purchasing an additional 10,506 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Monster Beverage were worth $5,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC raised its holdings in Monster Beverage by 4.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 474,626 shares of the company’s stock worth $36,390,000 after purchasing an additional 21,469 shares in the last quarter. RFG Advisory LLC acquired a new stake in Monster Beverage during the fourth quarter worth approximately $237,000. Swedbank AB raised its holdings in Monster Beverage by 5.7% during the fourth quarter. Swedbank AB now owns 395,044 shares of the company’s stock worth $30,288,000 after purchasing an additional 21,430 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Monster Beverage by 7.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,605,873 shares of the company’s stock worth $122,303,000 after purchasing an additional 116,510 shares in the last quarter. Finally, Providence First Trust Co acquired a new stake in Monster Beverage during the fourth quarter worth approximately $398,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $86.25 on Friday. The stock has a fifty day moving average price of $76.12 and a 200 day moving average price of $75.94. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $88.77. The company has a market cap of $84.34 billion, a PE ratio of 41.67, a P/E/G ratio of 2.71 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Monster Beverage had a return on equity of 27.73% and a net margin of 23.11%.The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts anticipate that Monster Beverage Corporation will post 2.28 earnings per share for the current fiscal year.

Key Stories Impacting Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Monster Beverage reported first-quarter EPS of $0.58, beating the $0.53 consensus estimate, on revenue of $2.32 billion versus expectations of $2.16 billion. Sales rose 22.6% year over year, supporting the stock’s move higher. Monster Beverage earnings report
• Positive Sentiment: Royal Bank of Canada raised its price target to $88 from $86 and kept an outperform rating, signaling continued confidence in Monster Beverage’s outlook.
• Positive Sentiment: Deutsche Bank lifted its target to $94 from $88 and reiterated a buy rating, implying additional upside if growth remains strong.
• Positive Sentiment: Wells Fargo increased its target to $87 from $85 and maintained an overweight rating, while Evercore raised its target to $95 from $90 and kept an outperform rating.
• Neutral Sentiment: Management highlighted particularly strong international demand, with overseas sales up sharply and now making up a larger share of total revenue. This supports the growth story, but investors may still watch whether that momentum persists.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MNST shares. Jefferies Financial Group set a $100.00 target price on shares of Monster Beverage in a research report on Wednesday, March 11th. Wells Fargo & Company raised their target price on shares of Monster Beverage from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group restated a “neutral” rating and set a $84.00 target price (up from $80.00) on shares of Monster Beverage in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $96.00 target price (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. Fifteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.00.

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.