Monster Beverage Corporation $MNST Stake Lifted by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 120.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,711 shares of the company’s stock after acquiring an additional 38,593 shares during the quarter. Vise Technologies Inc.’s holdings in Monster Beverage were worth $2,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNST. BlackRock Inc. acquired a new stake in Monster Beverage in the second quarter worth approximately $5,770,004,000. Bank of America Corp DE acquired a new position in shares of Monster Beverage during the 2nd quarter valued at $1,195,360,000. Wellington Management Group LLP increased its position in shares of 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 purchasing an additional 1,624,416 shares during the period. Jupiter Topco LLC acquired a new position in shares of Monster Beverage during the 2nd quarter valued at $593,075,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Monster Beverage by 23.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after buying an additional 1,461,167 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 3.3%

MNST opened at $48.75 on Thursday. The firm has a market capitalization of $95.50 billion, a P/E ratio of 41.94, a PEG ratio of 2.97 and a beta of 0.51. The stock has a fifty day moving average of $44.73 and a 200-day moving average of $43.23. Monster Beverage Corporation has a 12-month low of $32.94 and a 12-month high of $50.17.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MNST shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $50.00 target price (up from $48.00) on shares of Monster Beverage in a report on Monday, October 26th. UBS Group lifted their price target on shares of Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. JPMorgan Chase & Co. cut their price objective on Monster Beverage from $49.50 to $49.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. Finally, Citigroup reissued a “buy” rating on shares of Monster Beverage in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.86.

About Monster Beverage

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.