Schuylkill Financial LLC Acquires 11,057 Shares of Monster Beverage Corporation $MNST

Schuylkill Financial LLC raised its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 121.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,166 shares of the company’s stock after purchasing an additional 11,057 shares during the period. Schuylkill Financial LLC’s holdings in Monster Beverage were worth $839,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MNST. BlackRock Inc. purchased a new stake in shares of Monster Beverage during the 2nd quarter valued at approximately $5,770,004,000. Bank of America Corp DE purchased a new position in Monster Beverage in the 2nd quarter valued at approximately $1,195,360,000. Wellington Management Group LLP raised its holdings in Monster Beverage by 27.8% during the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock valued at $717,629,000 after acquiring an additional 1,624,416 shares during the period. Jupiter Topco LLC bought a new stake in Monster Beverage during the 2nd quarter valued at $593,075,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Monster Beverage by 23.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after acquiring an additional 1,461,167 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of analyst reports. TD Cowen raised their price target on Monster Beverage from $45.00 to $47.50 and gave the stock a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings cut Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.50 price objective (down from $97.00) on shares of Monster Beverage in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus increased their price objective on Monster Beverage from $45.00 to $52.50 and gave the stock a “buy” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $74.07.

Monster Beverage Stock Performance

Monster Beverage stock traded down $0.22 during midday trading on Wednesday, reaching $46.82. 2,047,969 shares of the stock were exchanged, compared to its average volume of 11,142,246. The company’s fifty day moving average is $44.75 and its 200-day moving average is $44.31. The firm has a market cap of $91.73 billion, a PE ratio of 43.33, a PEG ratio of 2.90 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.

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

Monster Beverage Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.