Robinhood Asset Management LLC Purchases New Shares in Monster Beverage Corporation $MNST

Robinhood Asset Management LLC purchased a new position in Monster Beverage Corporation (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,264 shares of the company’s stock, valued at approximately $1,247,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Portside Wealth Group LLC raised its holdings in shares of Monster Beverage by 14.4% during the fourth quarter. Portside Wealth Group LLC now owns 25,340 shares of the company’s stock valued at $1,943,000 after acquiring an additional 3,186 shares during the period. Sowell Financial Services LLC raised its stake in Monster Beverage by 3.1% during the 4th quarter. Sowell Financial Services LLC now owns 5,622 shares of the company’s stock valued at $431,000 after purchasing an additional 167 shares during the period. Realta Investment Advisors purchased a new stake in shares of Monster Beverage in the fourth quarter valued at $1,022,000. Florida Trust Wealth Management Co acquired a new stake in shares of Monster Beverage in the fourth quarter worth $356,000. Finally, Invesco LLC boosted its position in shares of Monster Beverage by 1.3% in the fourth quarter. Invesco LLC now owns 67,620 shares of the company’s stock worth $5,184,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $74.16 on Tuesday. The company has a market capitalization of $72.52 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.51. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The business has a 50-day moving average of $78.56 and a 200-day moving average of $74.62.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group upped their price target on Monster Beverage from $84.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Wells Fargo & Company decreased their price objective on Monster Beverage from $94.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft lowered their target price on Monster Beverage from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Zacks Research lowered shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Citigroup raised their price target on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.76.

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.