Sun Financial Inc Acquires New Stake in Monster Beverage Corporation $MNST

Sun Financial Inc acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,204 shares of the company’s stock, valued at approximately $1,702,000. Monster Beverage accounts for 0.9% of Sun Financial Inc’s portfolio, making the stock its 26th biggest position.

A number of other hedge funds have also made changes to their positions in MNST. Jones Financial Companies Lllp increased its stake in shares of Monster Beverage by 397.9% during the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after acquiring an additional 12,148 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Monster Beverage by 247.7% during the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after acquiring an additional 9,251 shares during the period. Cresset Asset Management LLC increased its stake in shares of Monster Beverage by 23.9% during the second quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock valued at $417,000 after acquiring an additional 1,281 shares during the period. Federated Hermes Inc. increased its stake in shares of Monster Beverage by 55.9% during the second quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock valued at $301,000 after acquiring an additional 1,721 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Monster Beverage by 151.7% during the second quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock valued at $2,134,000 after acquiring an additional 20,538 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MNST shares. Royal Bank Of Canada set a $86.00 price objective on shares of Monster Beverage in a research note on Thursday, April 9th. Piper Sandler raised their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Bank of America decreased their price objective on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Finally, Citigroup raised their price objective on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.55.

Monster Beverage Price Performance

Shares of MNST opened at $77.12 on Monday. The company has a market capitalization of $75.42 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.50. Monster Beverage Corporation has a one year low of $58.09 and a one year high of $87.38. The company’s fifty day moving average price is $76.62 and its 200 day moving average price is $75.80.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Analysts anticipate that Monster Beverage Corporation will post 2.29 earnings per share for the current year.

Monster Beverage Company 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.