Lmcg Investments LLC Acquires 15,607 Shares of Monster Beverage Corporation $MNST

Lmcg Investments LLC raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 97.3% during the third quarter, Holdings Channel.com reports. The fund owned 31,651 shares of the company’s stock after buying an additional 15,607 shares during the period. Lmcg Investments LLC’s holdings in Monster Beverage were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CI Investments Inc. lifted its position in shares of Monster Beverage by 3.5% in the first quarter. CI Investments Inc. now owns 3,497 shares of the company’s stock valued at $253,000 after acquiring an additional 119 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Monster Beverage by 2.8% in the first quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock worth $361,000 after acquiring an additional 137 shares during the period. Wealth Alliance LLC boosted its stake in shares of Monster Beverage by 2.2% in the first quarter. Wealth Alliance LLC now owns 6,752 shares of the company’s stock worth $489,000 after acquiring an additional 148 shares during the period. CX Institutional grew its position in shares of Monster Beverage by 2.4% during the second quarter. CX Institutional now owns 6,384 shares of the company’s stock worth $614,000 after purchasing an additional 148 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Monster Beverage by 1.0% during the first quarter. V Square Quantitative Management LLC now owns 17,596 shares of the company’s stock worth $1,275,000 after purchasing an additional 175 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Up 1.5%

Shares of MNST stock opened at $47.33 on Friday. The stock has a market cap of $92.72 billion, a P/E ratio of 43.82, a PEG ratio of 2.89 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 company’s fifty day simple moving average is $44.78 and its two-hundred day simple moving average is $44.46.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate 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 was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, analysts anticipate that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MNST. Sanford C. Bernstein decreased their target price on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $47.50 price target (up from $36.50) on shares of Monster Beverage in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Monster Beverage in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.05.

Monster Beverage Company 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.