Davidson Capital Management Inc. Acquires 18,260 Shares of Monster Beverage Corporation $MNST

Davidson Capital Management Inc. boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 102.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,097 shares of the company’s stock after buying an additional 18,260 shares during the quarter. Davidson Capital Management Inc.’s holdings in Monster Beverage were worth $1,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Monster Beverage in the second quarter worth approximately $5,770,004,000. Bank of America Corp DE acquired a new stake in Monster Beverage during the 2nd quarter worth about $1,195,360,000. Ninety One UK Ltd grew its stake in Monster Beverage by 89.1% during the third quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock worth $545,444,000 after purchasing an additional 6,175,047 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $593,075,000. Finally, Legal & General Group Plc acquired a new stake in Monster Beverage in the second quarter worth $478,694,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Monster Beverage from $83.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research report on Wednesday, August 12th. Evercore cut their target price on Monster Beverage from $95.00 to $52.00 in a research report on Thursday, October 8th. Stifel Nicolaus upped their price target on Monster Beverage from $45.00 to $52.50 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.07.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $45.34 on Friday. The firm has a market cap of $88.82 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.49. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The firm has a 50-day moving average price of $44.69 and a two-hundred day moving average price of $44.09.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, August 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Monster Beverage Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.