GC Wealth Management RIA LLC Cuts Position in Monster Beverage Corporation $MNST

GC Wealth Management RIA LLC lessened its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 67.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,479 shares of the company’s stock after selling 19,668 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Monster Beverage were worth $727,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Advisory Group Advisory Services LLC grew its holdings in Monster Beverage by 2.8% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after buying an additional 133 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Monster Beverage by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after purchasing an additional 141 shares during the period. Earned Wealth Advisors LLC boosted its holdings in shares of Monster Beverage by 3.8% in the 4th quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after purchasing an additional 151 shares during the period. Sage Mountain Advisors LLC boosted its holdings in shares of Monster Beverage by 1.4% in the 4th quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock worth $853,000 after purchasing an additional 154 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its holdings in shares of Monster Beverage by 3.2% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America dropped their target price on Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a report on Friday, April 10th. BNP Paribas Exane upgraded Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a report on Friday, January 16th. Citigroup lifted their target price on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. TD Cowen dropped their target price on Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Finally, Wall Street Zen cut Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.55.

Monster Beverage Trading Up 0.2%

NASDAQ:MNST opened at $77.07 on Friday. The company has a market cap of $75.37 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.69 and a beta of 0.51. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $87.38. The stock has a fifty day simple moving average of $76.62 and a 200-day simple moving average of $75.69.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, equities research analysts predict that Monster Beverage Corporation will post 2.29 EPS for the current fiscal 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.