10,764 Monster Beverage Corporation $MNST Shares Acquired by Greenleaf Trust

Greenleaf Trust raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 82.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,794 shares of the company’s stock after acquiring an additional 10,764 shares during the period. Greenleaf Trust’s holdings in Monster Beverage were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Retirement Wealth Solutions LLC increased its stake in Monster Beverage by 113.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 604 shares of the company’s stock worth $25,000 after purchasing an additional 321 shares during the period. Davis Capital Management lifted its position in Monster Beverage by 98.8% in the third quarter. Davis Capital Management now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 316 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Monster Beverage during the second quarter valued at approximately $27,000. Balance Wealth Partners LLC purchased a new stake in shares of Monster Beverage during the third quarter valued at approximately $27,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Monster Beverage during the second quarter valued at approximately $28,000. 72.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MNST. BMO Capital Markets restated a “market perform” rating and issued a $47.50 target price (up from $36.50) on shares of Monster Beverage in a report on Monday, July 20th. Evercore lowered their price target on shares of Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Monster Beverage from $49.50 to $49.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $48.50 price objective (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, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.86.

Monster Beverage Stock Down 1.7%

Shares of Monster Beverage stock opened at $47.18 on Wednesday. The company has a market cap of $92.43 billion, a PE ratio of 43.69, a P/E/G ratio of 3.02 and a beta of 0.51. The business has a 50 day moving average of $44.73 and a 200 day moving average of $43.18. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, research analysts anticipate that Monster Beverage Corporation will post 1.16 earnings per share for the current 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.